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2026-11-05T06:04:23.723Z

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DBS profit falls to 11.3m

DBS profit falls to 11.3m

Dar Al-Balad Business Solutions Company (“DBS”) reported a 21.69% year-on-year decline in third-quarter 2026 profit to SAR 11.3 million, from SAR 14.43 million, despite an 8.74% increase in revenue to SAR 84.26 million. The company attributed the decline in net profit to investment results turning into losses, a 5.7% drop in operating profit, and higher zakat expense and financing costs. Quarter on quarter, net profit rose 1.39% from SAR 11.14 million in the previous quarter.

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