Al Bawazeem Q2 profits reach 6.97M

Al Ma'azem Commercial Company reports a 22.87% increase in its profits for the second quarter of 2026, reaching a net profit of 6.97 million riyals compared to 5.67 million riyals in the same period last year. The growth is attributed to a 15.90% rise in sales driven by increased demand in certain categories, although profits declined by 27.51% compared to the previous quarter due to a diverse sales mix and the Ramadan season's impact. For the first half of the year, profits increased by 15.89% to 16.58 million riyals, while revenues rose by 10.80% to 147.19 million riyals, supported by improved profit margins, equity, and earnings per share. The company is also facing legal inquiries regarding its investment in Qatar.

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