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Saudi Arabia's SAIC Swings to H1 Attributable Profit, Revenue

MT Newswires·08/09/2026 05:52:33
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05:52 AM EDT, 08/09/2026 (MT Newswires) -- Saudi Advanced Industries Co. (SASE:2120), d/b/a SAIC, said Sunday that it swung to an attributable profit and revenue for the first half of 2026. Net profit attributable to shareholders of the issuer for the six months ended June 30 was 14.9 million Saudi riyals, compared with an attributable loss of 110.1 million riyals a year ago. EPS moved to 0.25 riyal from a loss per share of 1.87 riyals. The Saudi Arabia-listed investment company's revenue amounted to 31 million riyals, compared with negative revenue of 91.1 million riyals previously.