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2026-11-05T06:46:22.554Z

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Riyadh Profit Up 73.33%

Riyadh Profit Up 73.33%

Riyadh Cement’s net profit attributable to shareholders rose 73.33% year on year in the third quarter of 2026, reaching SAR 26 million, compared with SAR 15 million. The increase was supported by higher average selling prices for black cement and increased sales of both black and white cement. Revenue grew 13.42% to SAR 169 million, despite higher cost of sales due to fuel prices. However, profit fell 48% compared with the previous quarter, as revenue declined. In the first nine months of the year, net profit decreased 8.11% to SAR 136 million, affected by lower volumes and prices for black cement, as well as higher fuel costs.

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