22 Hrs
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معلومات مباشر
Source: معلومات مباشر
22 Hrsمعلومات مباشر
Source: معلومات مباشر
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Al Kathiri Holding Company’s losses rose 143.40% in the third quarter of 2026 to SAR 10.62 million, compared with SAR 4.36 million a year earlier, despite falling 53.41% from the previous quarter. The year-on-year increase came as revenue declined 66.24% to SAR 23.98 million, gross profit of SAR 4.43 million turned into a loss of SAR 3.24 million, and financing costs increased. In the first nine months of the year, losses surged 151.67% to SAR 43.89 million, while revenue fell 58.82% to SAR 77.73 million. Accumulated losses reached SAR 113.99 million, exceeding the company’s share capital. The board recommended a SAR 103.37 million capital reduction to write off the losses, while the auditor noted a material uncertainty regarding the company’s ability to continue as a going concern.
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