19 Hrs
معلومات مباشر
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معلومات مباشر

2026-11-09T12:42:15.562Z

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Saudi Telecom Profits Dip

Saudi Telecom Profits Dip

The combined profits of Saudi Arabia’s three listed telecom companies reached SAR 4.66 billion in the third quarter of 2026, down 9.93% from the same period in 2025 and 1.4% from the previous quarter. STC’s profit fell 12.37% to around SAR 3.6 billion, while Zain Saudi Arabia’s declined 9.8% to SAR 138 million. Mobily’s profit, by contrast, rose 0.98% to SAR 925 million. STC’s decline came as operating profit and financing income fell and financing costs rose, while Zain’s operating expenses increased. Mobily’s growth was supported by higher revenue and gross profit, as well as lower other expenses. In the first nine months of 2026, combined profits fell 2.07% to SAR 14.17 billion, as STC’s profits declined while Mobily’s and Zain’s increased.

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