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Kiayan narrows Q3 loss to 94.2M Riyals
Kayan Saudi Petrochemical Company announced a significant decrease in its quarterly losses. Its net loss for the third quarter of 2026 declined by 72% year-on-year, reaching 94.2 million SAR compared to 336.25 million SAR in the same period last year. The loss also decreased by 86% compared to the previous quarter. Revenues increased to 2.187 billion SAR despite a decline in sales volumes due to supply chain challenges. The company attributed the reduction in losses to the continued rise in product selling prices and its plans to reduce costs, along with reversing part of spare parts provisions. Regarding overall performance for the nine-month period, the company recorded profits of 1.38 billion SAR, representing a 14.10% decline from last year, despite efforts to improve profit margins amid weaker sales volumes and increased local logistics costs.
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