Saudi Darb logs 20% profit rise despite lower revenue in 9M-26

SAUDI DARB
4130 -2.21% 1.77 -0.04

Riyadh — Mubasher: Saudi Darb Investment Company reported a net profit of SAR 5.83 million in the nine-month period ended on 30 September 2026.

The net income represented a 19.97% increase from SAR 4.86 million in 9M-25, according to the financial results.

The profit growth occurred despite a 13.94% decline in revenue to SAR 11.88 million, which the company attributed to lower occupancy rates across its investment properties.

Total shareholders' equity stood at SAR 235.66 million as of 30 September 2026, while earnings per share (EPS) for the nine-month period rose to SAR 0.0267 from SAR 0.0222 in 9M-25.

For the third quarter (Q3) of 2026, Saudi Darb generated a net profit of SAR 2.67 million, a 35.92% increase compared to SAR 1.96 million in the prior-year quarter.

The company noted that the quarterly performance was bolstered by a SAR 589,541 reversal of expected credit loss provisions, compared to a SAR 509,967 expense recorded a year earlier.

Other income also surged by 342% to SAR 400,452 during the quarter.

The independent auditor’s report included an emphasis of matter regarding a SAR 26.14 million provision related to an asset exchange contract with l Satea Modern General Contracting Company. Management believes the assets to be received are of negligible value due to obsolescence.

Source: Mubasher Source: {{details.article.source}}