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SIDC's H1 Net Loss Widens; Revenue Declines

MT Newswires·08/06/2026 09:34:46
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09:34 AM EDT, 08/06/2026 (MT Newswires) -- Saudi Industrial Development Co. (SASE:2130), d/b/a SIDC, said Thursday that its net loss in the first half widened, while revenue declined year over year. Net loss attributable to shareholders of the issuer for the six months ended June 30 was 24.7 million Saudi riyals, compared with a net loss of 17.7 million riyals a year ago. Loss per share moved to 0.82 riyal from 1.31 riyals. The Saudi Arabia-listed industrial group's revenue was 42.9 million riyals, compared with 52.2 million riyals earlier.