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2026-11-11T13:10:30.525Z

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Almasafi posts Q3 losses

Almasafi posts Q3 losses

Saudi Arabian Refineries Company recorded a net loss of SAR 22.48 million in the third quarter of 2026, compared with a profit of SAR 1.63 million in the same period of 2025. Its losses increased by 110.13% compared with the second quarter. The company attributed the results to a decline in the market value of its investment portfolio, lower dividends from the portfolio, and higher general and administrative expenses. Losses for the first nine months of the year totaled SAR 27.46 million, up 24.4% year over year. Revenue amounted to SAR 1.07 million following the consolidation of sales from Lawazem Al Mutatawwirah for Industry Holding Company.

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