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2026-11-05T15:36:51.722Z

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SADAFCO Profit Down 44.7%

SADAFCO Profit Down 44.7%

SADAFCO’s profit fell 44.7% in the first nine months of 2026 to SAR 236.9 million, while revenue declined 6.6% to SAR 2.17 billion. The company attributed the drop to the absence of a one-off gain of SAR 107.4 million from a land sale in the previous year, as well as higher raw material and shipping costs, inflation, and additional fees. In the third quarter, net profit fell 63.9% to SAR 66.7 million, affected by lower revenue from Milcooma and temporary disruption to sales and the supply chain during the transition to a new system.

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