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Al-Arabia Swings to H1 Loss; Revenue Down

MT Newswires·08/09/2026 03:11:36
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03:11 AM EDT, 08/09/2026 (MT Newswires) -- Arabian Contracting Services (SASE:4071), d/b/a Al-Arabia, said Sunday that it swung to a loss for the first half of 2026, while revenue decreased year over year. Loss attributable to shareholders of the issuer for the six months ended June 30 was 205.6 million Saudi riyals, compared with an attributable profit of 129.7 million riyals earlier. Loss per share moved to 3.74 riyals from an EPS of 2.36 riyals. The Saudi Arabia-listed advertising company's revenue was 679.6 million riyals, compared with 958.4 million riyals a year ago.