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2026-11-10T13:12:37.911Z

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Othaim reports Q3 loss

Othaim reports Q3 loss

Abdullah Al Othaim Markets Company reported a net loss of SAR 39.26 million in the third quarter of 2026, compared with a profit of SAR 17.48 million a year earlier. Its losses narrowed by 63.35% from the previous quarter. Revenue fell 2.48% to SAR 2.66 billion, affected by lower sales, a decline in the gross profit margin, and higher e-commerce expenses. For the first nine months of the year, the company recorded a loss of SAR 92.73 million, compared with a profit of SAR 134.98 million in the same period of 2025.

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