Market News
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The Ministers of Tourism and Antiquities and Planning and Economic Development discuss ways to highlight and define the contributions of the tourism sector to the national economy in a more accurate and comprehensive manner
Sunday 09/08/202621:35:23 PMRead moreThe Ministers of Tourism and Antiquities and Planning and Economic Development discuss ways to highlight and define the contributions of the tourism sector to the national economy in a more accurate and comprehensive manner
• Mr. Sherif Fathy:
The tourism sector in Egypt is one of the most important economic sectors for the national economy. We greatly appreciate the efforts of the Ministry of Planning and Economic Development in highlighting the sector's economic contributions in a more detailed and accurate manner, reflecting the scale of its returns and economic impact.
• Dr. Ahmed Rostom:
The tourism sector is one of the most prominent sectors supporting growth, employment, and providing sources of foreign income for the country.
Mr. Sherif Fathy, Minister of Tourism and Antiquities, and Dr. Ahmed Rostom, Minister of Planning and Economic Development, held a coordination meeting at the Ministry of Tourism and Antiquities headquarters in New Alamein City. The meeting aimed to discuss ways to enhance cooperation and coordination between the two ministries, to highlight and define the contributions of the tourism sector in Egypt to the national economy more accurately and comprehensively, and to strengthen the monitoring and measurement of its returns and direct and indirect impacts on the national economy. This is especially important given the state's focus on this vital sector, as it is one of the largest contributors to economic growth and has the capacity to generate direct and indirect job opportunities through related and supporting professions and industries.
Minister of Tourism and Antiquities, Mr. Sherif Fathy, affirmed that the tourism sector in Egypt is a vital component of the national economy, particularly due to its direct and indirect revenues and its interconnectedness with numerous other sectors, activities, and industries.
The Minister expressed his appreciation for the ongoing efforts of the Ministry of Planning and Economic Development to highlight the sector's contributions to the national economy in greater detail and with greater precision, reflecting the scale of its returns and economic impact. He emphasized the importance of continued coordination and cooperation between the two ministries to maximize the utilization of the tourism sector's potential and ensure alignment of its objectives with the state's economic development plans. This includes identifying investment needs and the infrastructure requirements necessary to support the sector's targeted growth.
He discussed the Egyptian government's objectives for the tourism sector, aiming to attract 30 million tourists by 2030. This will lead to increased tourism revenues and a greater contribution to the national economy. He noted that achieving this goal requires integrated efforts and continuous coordination among various ministries and relevant entities, as well as working to provide a supportive environment for the sector's growth and its sustainability. During the meeting, the Minister reviewed the key features of the Ministry of Tourism and Antiquities' current strategy, which focuses on highlighting the unparalleled diversity of Egypt's tourism offerings. This strategy is based on six main pillars: enhancing the competitiveness of tourism investment, diversifying tourism products, developing human resources, strengthening monitoring and governance mechanisms, improving the visitor experience, promoting sustainability initiatives and driving digital and environmental transformation, and implementing effective tourism marketing policies.
For his part, Dr. Ahmed Rostom emphasized that the tourism sector is one of the most significant contributors to economic growth and a major source of foreign currency for the country, providing direct and indirect employment opportunities for Egyptian youth.
The Minister of Planning and Economic Development noted that the tourism sector is witnessing successive leaps forward with the opening of more archaeological sites, most notably the Grand Egyptian Museum, the development of Egypt's transportation infrastructure, and the increase in the number of airports. This reinforces the state's efforts to increase the number of inbound tourists, thereby further supporting the sector's contribution to economic activity. Dr. Ahmed Rostom stressed that the tourism sector is linked to many supporting industries and jobs, and therefore the increase in the growth and activity of the sector is reflected in the growth of the national economy, and enhances efforts to provide job opportunities and achieve comprehensive development, stressing the continuation of coordination between the Ministries of Planning and Economic Development and Tourism and Antiquities to develop policies for the development of the sector and its targets during the coming period. -
Fawry and CDS announce a collaboration between the Tap N Pay application and the Odoo system
Sunday 09/08/202621:34:23 PMRead moreFawry and CDS announce a collaboration between the Tap N Pay application and the Odoo system
Al MAl-
Fawry, the leading fintech company in Egypt, in collaboration with Creative Digital Solutions (CDS), an Odoo Gold Certified Partner, announced the launch of a direct integration between Fawry Business's Tap N Pay application and the Odoo business management system. This move aims to enhance the digital payments and business management ecosystem by providing a seamless operational experience that connects sales, payments, and accounts within a unified platform, thereby increasing business efficiency and accelerating operational processes.
The new solution leverages SoftPOS technology, enabling merchants to accept contactless payments using bank cards and e-wallets directly via NFC-enabled smartphones and tablets, eliminating the need for traditional point-of-sale (POS) terminals.
All payments processed through Tap N Pay are automatically transferred to the Odoo system, where they are automatically matched with sales orders, invoices, and accounting entries. This minimizes manual intervention and enhances data accuracy and financial settlement speed. Through this integration, merchants will be able to transform any smart device into a fully integrated point of sale, with payments recorded and settled instantly within the business management system. This reduces data re-entry and human error, and provides a unified source for managing sales, payments, and accounts, thereby increasing operational efficiency and giving businesses a clearer view of their operations.
Commenting on this, Bassem Lotfy, Head of Business Development at Fawry, stated: “At Fawry, we are committed to investing in developing innovative digital payment solutions that meet the needs of various sectors. Simultaneously, we continuously expand our services through strategic partnerships that simplify operational processes and enable companies to rely on more efficient and flexible systems. This integration represents a new step towards strengthening the digital payments ecosystem in the Egyptian market by providing a seamless experience that connects sales, business management, and payments on a single platform.”
Meanwhile, Eng. Ramadan Khalil, CEO of Solutions CDS, said: “This integration supports the vision of the Central Bank of Egypt and helps companies unify sales, payments, and accounts to increase efficiency and enhance the customer experience.” He added, "This solution represents an extension of the partnership between CDS and Fawry to develop smart solutions that meet the needs of the Egyptian market and contribute to building a more flexible, efficient, and scalable payment system."
The new solution targets companies operating in the Egyptian market across various sectors, particularly retail, wholesale, food and beverage, and manufacturing. It helps them improve the efficiency of their point-of-sale systems, reduce operational procedures and errors, and enhance data accuracy and financial settlements. This launch also supports the Central Bank of Egypt's efforts to develop the national infrastructure for digital payments and expand SoftPOS applications on smartphones and tablets, contributing to increased financial inclusion, supporting the transition to a less cash-dependent society, and achieving the goals of Egypt's Vision 2030.
With this, Fawry continues to solidify its position as a key partner in supporting digital transformation and developing the electronic payments system in Egypt by providing innovative financial solutions and strategic partnerships that empower companies to adopt the latest digital technologies in line with the objectives of Egypt's Vision 2030. -
The Arab African International Bank is organizing a specialized session on trade finance as part of a series of specialized events
Sunday 09/08/202621:33:39 PMRead moreThe Arab African International Bank is organizing a specialized session on trade finance as part of a series of specialized events
The Arab African International Bank (AAIB) continued its series of specialized events supporting the business community with a training session on trade finance. The session targeted one of the bank's corporate clients and its employees, aiming to enhance their knowledge of the latest practices and solutions in this field.
This initiative is part of AAIB's efforts to empower companies to make more efficient financial and commercial decisions by transferring practical expertise and exchanging best practices. This contributes to strengthening their ability to grow and expand in local and international markets.
During the session, a select group of AAIB trade finance experts reviewed the latest banking solutions and tools related to trade finance, mechanisms for managing trade transactions, and best practices for risk management. This helps companies improve the efficiency of their business operations, enhance their competitiveness, and capitalize on opportunities available in local and international markets.
This session reflects AAIB's approach of providing added value to its clients that goes beyond traditional banking solutions. By sharing specialized knowledge and expertise, AAIB supports business development and strengthens companies' ability to adapt to economic changes and make more efficient decisions. The Arab African International Bank continues to organize a series of specialized awareness sessions and programs within the “Beyond Banking” strategy, which aims to provide value that goes beyond traditional banking solutions by transferring knowledge, providing specialized expertise, and enabling companies to achieve continuous growth and enhance their competitiveness, thus consolidating the Arab African International Bank’s position as a strategic partner in the development of its clients’ businesses. -
Banks will inject EGP 5.094 billion to finance middle-income earners under the mortgage finance initiative by the end of July 2026
Sunday 09/08/202621:33:08 PMRead moreBanks will inject EGP 5.094 billion to finance middle-income earners under the mortgage finance initiative by the end of July 2026
The Social Housing and Mortgage Finance Support Fund revealed that participating banks in the mortgage finance initiative for low- and middle-income individuals injected approximately EGP 5.094 billion to finance middle-income clients by the end of July 2026.
The total financing granted under the Central Bank of Egypt's initiative to finance housing units for middle-income individuals reached approximately EGP 5.154 billion by the end of last July, benefiting around 14,492 clients.
Banque du Caire topped the list of banks in terms of the value of financing granted to middle-income individuals, having injected EGP 1.349 billion into the accounts of approximately 3,384 clients, representing a 1.21% share of the total financing.
The National Bank of Egypt came in second place, with total financing of EGP 1.006 billion to approximately 3,096 clients, capturing a 0.91% share. Bank Misr provided approximately EGP 821.408 million in financing to around 2,517 clients, representing a 0.74% market share.
QNB Egypt provided approximately EGP 569.874 million in financing to around 1,412 clients, representing a 0.51% market share, while the Housing and Development Bank provided approximately EGP 559.001 million to around 1,507 clients, representing a 0.50% market share.
Commercial International Bank (CIB) provided EGP 312.818 million in financing to around 752 clients, representing a 0.28% market share.
The Arab African International Bank provided approximately EGP 256.464 million in financing to around 659 clients, representing a 0.23% market share. Next Bank also provided financing worth EGP 133.782 million to approximately 322 clients, representing a 0.12% share, while United Bank provided financing of approximately EGP 51.072 million, benefiting 137 clients, representing a 0.05% share.
These financings come within the framework of the Central Bank of Egypt's mortgage finance initiative, which aims to support low- and middle-income individuals and facilitate their access to housing units through financing programs with subsidized terms and interest rates. -
The Public Authority for Investment and Free Zones and the Chamber of Commerce and Industry of the Sultanate of Oman discuss investment cooperation opportunities between the two countries
Sunday 09/08/202621:31:33 PMRead moreThe Public Authority for Investment and Free Zones and the Chamber of Commerce and Industry of the Sultanate of Oman discuss investment cooperation opportunities between the two countries
In line with the directives of Dr. Mohamed Farid, Minister of Investment and Foreign Trade, to deepen investment cooperation, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones, met with a delegation from the Oman Chamber of Commerce and Industry – North Al Batinah Branch, in the presence of high-level representatives from key government and private institutions in the Sultanate of Oman, to discuss investment opportunities between the two countries.
Dr. Mohamed Awad emphasized the necessity of deepening investment cooperation between the two countries to keep pace with the political and popular rapprochement and the long-standing historical ties between them, noting the importance of maximizing the benefits of both countries' membership in the Greater Arab Free Trade Area (GAFTA). Dr. Mohamed Awad reviewed the diverse investment systems offered by the General Authority for Investment, most notably free and investment zones and domestic investment companies, which cater to the varied needs of investors. He pointed out that Egypt's leading position among African countries receiving foreign direct investment for six consecutive years is not a coincidence, but rather the result of a robust economic reform program and substantial spending on infrastructure development. He also highlighted Egypt's key advantages, including its unique strategic location, large and diverse market, flexible investment regulations, and broad access to international markets. The CEO of the Authority also presented an overview of the latest developments in Egypt's investment environment, particularly regarding digital transformation and the simplification of investment procedures.
For his part, Engineer Saeed bin Ali Al-Abri, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry branch in North Al Batinah Governorate, affirmed that the two countries' strategic locations give them a significant competitive advantage in participating in global value chains. He added that Oman enjoys strong trade relations and agreements with East Asian countries, while Egypt has exceptional relations with African nations, opening new horizons for Egyptian-Omani investment partnerships. -
Monthly bulletin of “Foreign Trade Data” May 2026:CAPMAS
Sunday 09/08/202621:24:30 PMRead moreMonthly bulletin of “Foreign Trade Data” May 2026:CAPMAS
Central Agency for Public Mobilization and Statistics issued today 9 / 8 / 2026 Monthly bulletin of “Foreign Trade Data” May 2026
The deficit value of trade Balance reached 3.99 billion dollars during May 2026, versus 4.00 billion dollars for the same month of previous year, a decrease by 0.30 %.
The most important indicators is the following:
• Exports:
Exports value increased by 3.58 % as it reached 4.53 billion dollars during May 2026, versus 4.37 billion dollars for the same month of previous year, due to increased value of some commodities such as:
(fresh fruits by 40.3%, fertilizers by 9.4%, plastics in their primary forms by 29.1% , Crude oil by 56.4% ).
While exports value of some commodities decreased during May 2026, versus the same month of previous year such as (Ready-made clothes by 10.4%, various food preparations and pastries by 12.6%, iron bars, rods, angles and wires by 50.2%, carpets and rugs by 12.4%).
• Imports:
Imports value increased by 1.72 % as it reached 8.52 billion dollars during May 2026, versus 8.37 billion dollars for the same month of previous year, due to increased value of some commodities such as:
(Natural gas by 96.8%, petroleum products by 18.2%, raw materials of iron or steel by 3.3% , wheat by 33.5% ).
Imports of some commodities decreased in May 2026, versus the same month of previous year such as : (Plastics in their primary forms by 15.6%, pharmaceuticals and medicinal preparations by 39.1%, corn by 4.0%, organic and inorganic chemicals by 24.9%). -
Egypt’s unemployment rate declines to 5.8% in Q2 2026
Sunday 09/08/202621:21:39 PMRead moreEgypt’s unemployment rate declines to 5.8% in Q2 2026
Business Today-
Minister of Planning and Economic Development Ahmed Rostom reviewed Egypt’s labour market indicators for the second quarter of 2026 during a Cabinet meeting on Thursday.
Rostom said Egypt’s unemployment rate declined to 5.8% in the second quarter, down from 6% in the first quarter, reflecting continued improvement in labour market performance.
Male unemployment fell to 3.4% from 3.6% during the same period. However, the unemployment rate among women edged up to 14.4% from 14.3%, highlighting the need to continue implementing policies and programmes that create more employment opportunities, particularly for women.
Labour market indicators also showed a persistent gap between urban and rural areas. Urban unemployment rose to 8.8% in the second quarter, while the rate in rural areas fell to 3.5%, compared with 4.2% in the previous quarter.
Egypt’s labour force increased by 0.6% to approximately 35.64 million people, up from 35.41 million in the first quarter. Meanwhile, the number of unemployed people declined by 2.4% to around 2.08 million, compared with 2.13 million in the preceding quarter.
The number of employed people rose by 0.8% to approximately 33.6 million, from 33.3 million in the first quarter. Male employment reached around 26.9 million, while the number of employed women stood at approximately 6.67 million.
Agriculture and fishing remained Egypt’s largest source of employment, accounting for around 6.25 million workers, or 18.6% of the total. Wholesale and retail trade followed with 17.2%, manufacturing with 13.5%, construction with 11.8%, and transportation and storage with 9.3%.
Rostom said the figures reflect continued improvement in Egypt’s labour market. Agriculture remains the country’s leading source of employment, followed by trade, while the manufacturing, construction and transportation sectors continue to play a pivotal role in job creation and supporting economic growth. -
Egypt’s trade deficit narrows 0.3% to $3.99B in May 2026
Sunday 09/08/202621:21:11 PMRead moreEgypt’s trade deficit narrows 0.3% to $3.99B in May 2026
Business Today-
Egypt’s trade deficit narrowed slightly in May 2026, marking its first year-on-year decline since September 2025, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
CAPMAS’ latest monthly foreign trade bulletin showed that the deficit fell by 0.3% year on year to $3.99 billion. Exports increased by 3.58% to $4.53 billion, while imports rose by around 1.72% to $8.52 billion, compared with $8.37 billion in May 2025.
Export growth was primarily driven by a 40.3% increase in fresh fruit exports. Fertilizer exports also rose by 9.4%, plastics in primary forms by 29.1%, and crude oil by 56.4%.
However, exports of several commodities declined during the month. Ready-made garment exports fell by 10.4%, while pastes and food preparations dropped by 12.6%. Exports of iron bars, rods, angles, and wires plunged by 50.2%, while carpets and kilims declined by 12.4%.
On the import side, growth was mainly driven by a 96.8% surge in natural gas imports. Imports of petroleum products increased by 18.2%, raw materials of iron and steel by 3.3%, and wheat by 33.5%.
Meanwhile, imports of plastics in primary forms decreased by 15.6%. Pharmaceutical products fell by 39.1%, corn by 4%, and organic and inorganic chemicals by 24.9%.
Before May, Egypt’s trade deficit had last recorded a year-on-year decline in September 2025, when it fell by 27.6% to $3.3 billion. -
Madbouly inspects development projects in Matrouh
Sunday 09/08/202621:20:36 PMRead moreMadbouly inspects development projects in Matrouh
Business Today-
Prime Minister Mostafa Madbouly began an extensive tour to inaugurate and inspect several development and service projects underway in Matrouh Governorate. The tour also included a review of the latest progress on the Alam Al-Roum development project.
Madbouly highlighted the government’s significant attention to Matrouh in recent years, reflected in the implementation of numerous projects aimed at improving residents’ quality of life and creating employment opportunities across the governorate.
He said the projects seek to achieve integrated urban development through new cities, ports, modern road networks, seawater desalination plants, drinking water and sanitation facilities, as well as the construction, renovation, and upgrading of healthcare facilities and electricity infrastructure.
The projects also include the first line of Egypt’s high-speed electric rail network, connecting Ain Sokhna, Alamein, and Matrouh, which is scheduled to begin trial operations in September 2026.
Madbouly said the field tour would cover a diverse range of service and development projects designed to improve the quality of life in Matrouh, alongside an assessment of the latest developments in the Alam Al-Roum project.
He emphasized the importance of the project, describing it as a major investment partnership between Egypt and Qatari Diar. The development aims to establish a new economic and urban hub on the North Coast as part of the government’s plans to maximize the use of coastal land and create well-planned tourism and urban communities.
Madbouly stressed that Alam Al-Roum is being developed as a fully integrated, world-class city that will operate throughout the year, rather than as a seasonal tourist resort, in line with Egypt’s plans to achieve comprehensive development in the promising region.
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PM witnesses launch of EGP 220B Alam Al-Roum first phase
Sunday 09/08/202621:19:33 PMRead morePM witnesses launch of EGP 220B Alam Al-Roum first phase
Business Today-
Prime Minister Mostafa Madbouly witnessed the launch of the first phase of Qatari Diar’s Alam Al-Roum project in Matrouh, with investments estimated at EGP 220 billion and around 30,000 direct and indirect jobs expected to be created.
The first phase will span four million square metres, with a total built-up area of 1.4 million square metres. It will feature a two-kilometre beach and promenade, natural lagoons connected to the sea, and 195,000 square metres of artificial swimmable lagoons.
Open spaces will account for around 85% of the phase, which will also include a city-centre marina with 50 yacht berths, four hotels offering more than 1,000 rooms, sports centres, retail outlets and international restaurants. Delivery is scheduled to begin in 2030.
The first phase forms part of the wider $29.7 billion Alam Al-Roum development, including $3.5 billion in direct cash investment, which Qatari Diar is implementing in partnership with the Egyptian government.
Madbouly and his accompanying delegation were received by Housing, Utilities and Urban Communities Minister Randa El-Manshawy, Qatari Diar CEO Hamad bin Talal Al Thani, and senior officials from the ministry and the company.
The prime minister reaffirmed the government’s commitment to accelerating comprehensive development across the Northwestern Coast, leveraging the region’s competitive advantages to attract local and foreign investment.
He said the launch of the first phase represents a significant step in the region’s urban and investment development and supports efforts to strengthen the North Coast’s position as a leading tourism and investment destination on the Mediterranean.
El-Manshawy said the implementation of large-scale projects along the North Coast reflects Egypt’s success in establishing an attractive urban and investment environment through infrastructure development and upgrades to roads and utilities.
She added that the project would support the Egyptian economy, create opportunities for construction companies and related industries, and increase private-sector participation in urban and tourism development.
The overall Alam Al-Roum project will cover 20.58 million square metres and feature a 7.2-kilometre Mediterranean waterfront. It is planned as an integrated coastal city combining residential, tourism, commercial, cultural, entertainment, educational and healthcare facilities.
The master plan includes 22 kilometres of lagoons connected directly to the sea, 850,000 square metres of artificial swimmable lagoons, an international marina with 370 yacht berths and a local marina with another 120 berths.
It will also feature an 18-hole international golf course covering nearly 980,000 square metres, as well as more than 3,500 hotel rooms across a collection of international hotels and resorts.
The development is expected to generate more than 250,000 direct and indirect jobs upon completion and create significant opportunities for Egyptian and international construction companies.
Qatari Diar CEO Hamad bin Talal Al Thani described Alam Al-Roum as one of the company’s largest integrated urban and tourism projects worldwide and its biggest development in Egypt.
He said the city would be designed around walkability, with integrated pedestrian and cycling routes, smart mobility solutions and advanced sustainability standards covering water management, biodiversity protection and climate resilience.
The project will benefit from its proximity to Ras El-Hekma and Marsa Matrouh airports, as well as its connections to the International Coastal Road and Egypt’s high-speed electric rail network.
Al Thani reaffirmed Qatari Diar’s commitment to beginning delivery of the first phase in 2030, supported by Egypt’s stable investment environment and long-term partnerships. -
Harbour Energy’s Revenues Jump 20% in H1 of 2026
Sunday 09/08/202618:42:58 PMRead moreHarbour Energy’s Revenues Jump 20% in H1 of 2026
Egypt OIL & GAS-
Harbour Energy, an independent energy company, generated $6.4 billion in revenue during the six months ending June 30, representing a 20% increase compared to the same period of 2025.
This was mainly driven by record production resulting from strong operational execution and higher oil and European natural gas prices, according to the company’s press release on August 6.
The company’s earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) rose to $4.4 billion in the first half (H1) of 2026, compared to $3.9 billion in H1 2025.
Harbour Energy also recorded a rise in adjusted profit after tax amounting to $562 million in H1 2026, up from $410 million in H1 2025.
“In a volatile macro environment, we remain focused on executing our strategy: sustaining our production, strengthening our portfolio, ensuring financial resilience and delivering competitive shareholder returns,” said Linda Z Cook, CEO of Harbour Energy.
Harbour continued to manage commodity price volatility through hedging. During H1, the company realized post-hedge prices of $84 per barrel for crude oil and $14.4 per thousand standard cubic feet (mscf) for European gas, compared with pre-hedge realized prices of $90 per barrel and $15.0/mscf, respectively.
It also secured additional commodity hedges, primarily through zero-cost collars covering European gas production for the second half of 2026 and the full year 2027.
On the operational front, Harbour continued advancing developments across its portfolio. In Egypt, Harbour Energy commenced development of the Fayoum-Messinian gas field, utilizing existing West Nile Delta infrastructure, with first gas targeted before the end of 2026.
In addition, the company appraised the EZZ-2 discovery in the Disouq Area onshore the Nile Delta and accelerated its production start-up into August 2026.
The Group’s total production reached a record 509,000 barrels of oil equivalent per day (boe/d) in H1 2026, up 4 % from 488,000 boe/d in H1 2025. Production comprised about 40% liquids, 40% European natural gas, and 20% international natural gas. Full-year global production guidance was upgraded to between 490,000 and 500,000 boe/d.
Internationally, the company progressed projects in Norway, the UK, the US Gulf of America, Argentina, and Mexico. It also completed the acquisition of LLOG Exploration Company LLC in the US as well as Waldorf in the UK, and the divestment of non-core assets in Indonesia.
Looking ahead, the company raised its 2026 free cash flow outlook to $1.8 billion, while accelerating shareholder returns through a newly announced $250 million share buyback. -
Egypt, ExxonMobil Launch Implementation of Cyprus Gas Tie-Back Deal
Sunday 09/08/202618:42:33 PMRead moreEgypt, ExxonMobil Launch Implementation of Cyprus Gas Tie-Back Deal
Egypt OIL & GAS-
Egypt has taken the first steps toward implementing a recently signed memorandum of understanding (MoU) with ExxonMobil and QatarEnergy to study connecting the companies’ gas fields offshore Cyprus to Egypt’s natural gas infrastructure for re-export, the Ministry of Petroleum and Mineral Resources (MoPMR) said on August 6.
The implementation roadmap was discussed during a meeting in New Alamein between Karim Badawi, Minister of Petroleum and Mineral Resources, Kenan Nariman, Vice President of ExxonMobil LNG Market Development, and Diaa Soheil, Vice President and Venture Operations Manager at ExxonMobil Egypt Upstream Limited, and senior company executives.
The MoU signed by Egypt, ExxonMobil, and QatarEnergy is intended to evaluate the development and commercialization of ExxonMobil’s Cypriot fields, Glaucus and Pegasus in Block 10, by transporting their gas to Egypt’s existing processing and LNG export infrastructure.
Badawi described the meeting as the first executive step following the signing of the agreement, noting that both sides agreed to swiftly launch joint technical committees and establish implementation programs and clear timelines for technical, commercial, and regulatory studies.
Badawi said the planned connection of Cyprus’ gas discoveries to Egypt’s infrastructure builds on a series of regional cooperation initiatives, beginning with the Cronos project in partnership with Eni and TotalEnergies, followed by the Aphrodite project with Chevron, and now the collaboration with ExxonMobil and QatarEnergy. He said the projects collectively represent a model for regional integration that strengthens energy security across the Eastern Mediterranean.
Gas from the Cronos field will be transported to Egypt for processing, liquefaction, and re-export through its LNG facilities, while gas from Aphrodite will be supplied to Egypt under a 15-year agreement (extendable by five years), with Egypt receiving, processing, and exporting the gas via its existing infrastructure.
At the conclusion of the meeting, Badawi invited ExxonMobil’s leadership to participate in the Mediterranean Offshore Conference (MOC), scheduled for October, to showcase Egypt’s LNG infrastructure and explore additional investment and cooperation opportunities.
In late May, Egypt’s Ministry of Petroleum and Mineral Resources, ExxonMobil, and QatarEnergy signed a memorandum of understanding (MoU) to assess linking the partners’ offshore Cyprus gas discoveries to Egypt’s natural gas infrastructure.
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Ganope Organizes Crisis Management Session to Strengthen Emergency Response
Sunday 09/08/202618:42:10 PMRead moreGanope Organizes Crisis Management Session to Strengthen Emergency Response
Egypt OIL & GAS-
South Valley Egyptian Petroleum Holding Company (Ganope) organized an awareness session for its leaders and affiliated companies to strengthen crisis preparedness and improve responses to emergency situations, according to a company statement.
Held under the sponsorship of Samir Raslan, Chairman of Ganope, the session was titled “Crisis Management and Risk Reduction, Towards Institutional Readiness and Effective Crisis Response.” The event forms part of the Ministry of Petroleum and Mineral Resources’ efforts to develop the sector’s workforce and strengthen awareness of risk prevention and crisis management.
Sameh Samir El-Sayed, senior assistant at the Ministry of Petroleum and Mineral Resources’ General Secretariat, discussed recent approaches to crisis management and risk reduction. He highlighted the importance of early preparation and proactive planning in helping organizations respond effectively to emergencies.
The session also covered systematic crisis response, rapid decision-making, and the allocation of roles and responsibilities. Discussions addressed communication and coordination among relevant parties, alongside the role of training in preparing teams for different emergency scenarios.
Moreover, participants stressed the need to integrate prevention, preparedness, response, and recovery measures to reduce risks, protect lives and property, and maintain business continuity.
The session comes as the ministry works to strengthen safety and preparedness across petroleum companies and develop human resources as a key part of improving operational performance.
Recent safety activities across Egypt’s petroleum sector have included practical tests of emergency readiness. In July 2026, Egyptian General Petroleum Corporation (EGPC) CEO Salah Abdel Kerim conducted a surprise inspection at Misr Petroleum Company’s Mansoura depot, where a simulated fire drill tested firefighting equipment and emergency teams’ response.
Earlier, in December 2025, Middle East Oil Refinery Company (MIDOR) conducted a Level 3 simulated fire drill at its Alexandria refinery to test its emergency response and crisis management systems. The exercise supported efforts to strengthen health, safety, and environment (HSE) practices across the petroleum sector. -
Egypt Plans $4.5 Bn Refinery Investments to Cut Petroleum Imports
Sunday 09/08/202618:41:43 PMRead moreEgypt Plans $4.5 Bn Refinery Investments to Cut Petroleum Imports
Egypt OIL & GAS-
Karim Badawi, Minister of Petroleum and Mineral Resources and Ahmed Rostom, Minister of Planning and Economic Development, met to discuss plans to boost oil and natural gas production and curb petroleum imports.
As part of the government’s FY2026/27 development plan, the two ministers reviewed investment and production priorities for the energy sector in the new fiscal year, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR)
Badawi said the ministry will focus on increasing oil and gas output, attracting new investment, reducing the petroleum product import bill and expanding local value-added activities while meeting domestic energy needs.
The ministry also plans to spend $4.5 bn on refinery development to increase local production and reduce reliance on imports. Another part of the plan involves receiving natural gas from Cyprus and re-exporting it to international markets through Egypt.
Also, Rostom highlighted the role of regular payments of dues to foreign petroleum partners in supporting new investment. He said the payments have helped create conditions for more exploration and production spending by international companies and private-sector investors.
Rostom stressed the importance of energy security as geopolitical tensions continue to affect the region and global markets. Furthermore, he described the petroleum and energy sector as a key support for economic activity and part of Egypt’s national security.
The meeting comes after Egypt’s petroleum sector returned to growth in Q3 FY2025/26. In June 2026, Rostom said the sector grew 0.7%, its first positive rate since Q1 FY2023/24, driven by higher domestic production of crude oil, condensates and liquefied petroleum gas (LPG). -
Vaalco Energy Reports 30 % increase in Egypt Oil Sales in Q2 of 2026
Sunday 09/08/202618:41:17 PMRead moreVaalco Energy Reports 30 % increase in Egypt Oil Sales in Q2 of 2026
Egypt OIL & GAS-
Vaalco Energy, an American independent oil and gas company, reported 30% increase in oil sales from its Egyptian operations during the second quarter (Q2) of 2026 compared to the previous quarter, generating $86.4 million. The increased sales were reflected in an 11% increase in net profit from the Egyptian operation over the same period, to $43.4 million, according to a statement by Vaalco.
Vaalco’s Egyptian production averaged 11,282 barrels of oil equivalent per day (boe/d) on a working-interest basis during Q2, compared with 11,264 boe/d in Q1 of 2026, and 10,929 boe/d a year earlier. On a net revenue interest (NRI) basis, Egypt’s production averaged 7,389 boe/d, compared to 7,644 boe/d in Q1 of 2026, and 7,612 in Q2 of 2025.
The company began drilling the HE-9 development well located in the Gulf of Suez in May, completed it in early June, and subsequently drilled two additional development wells, both of which were completed in July.
According to the statement, Vaalco is continuing its drilling program in Egypt in Q3 2026, alongside workovers, well interventions, well reactivations, water shut-off treatments, and production optimization activities.
Vaalco reduced its trade receivables in Egypt from $31.6 million at the end of 2025 to $12.9 million by June 30, 2026. Egypt fully cleared its $6.1 billion backlog of overdue debts to international oil companies (IOCs) in June 2026 after paying it down via regular monthly schedules over two years. Currently, the government is committed to repaying foreign partner dues every month.
Vaalco as a whole reported net profit of $42.4 million in Q2 of 2026, compared with $13.2 million in Q2 2025, supported by higher sales, stronger realized prices, hedging gains, and lower exploration expenses.
The company’s average commodity price increased to $80.77/boe in Q2, compared with $57.21/boe in Q1 and $54.87/boe a year earlier.
Commenting on the company’s performance, Vaalco CEO George Maxwell said, “In Q2 2026, we had strong sales volumes and increased realized pricing while we continued to positively progress our asset campaigns in Côte d’Ivoire, Gabon and Egypt. This drove improved earnings of $42.4 million or $0.39 per diluted share and $54.8 million in Adjusted EBITDAX.”
Vaalco’s total sales volumes increased 48% quarter-on-quarter (QoQ), a hike primarily attributable to the timing of liftings, the loading and sale of produced crude in Gabon, alongside increased Egyptian sales.
Vaalco Energy’s Q2 capital expenditures totaled $103.6 million, covering Egyptian and Gabon drilling and Baobab FPSO works in Côte d’Ivoire.
Out of Egypt, the company had an eventful quarter; it advanced drilling and production in Gabon during the quarter, bringing the Ebouri‑5H well online in June and continuing work at the SEENT platform. In Côte d’Ivoire, output from the Baobab field resumed in June after FPSO refurbishment, with first crude lifting slated for August and a new drilling campaign set for September.
The company also progressed development of the Kossipo field, where it holds a 60% working interest. In Equatorial Guinea, Vaalco is moving ahead with plans for the Venus discovery and targets a final investment decision in Q4 2026.
Vaalco, founded in 1985, holds a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea and Nigeria. -
AlexFert Signs 30‑Year Solar Deal with SolarizEgypt for 1 MW Plant
Sunday 09/08/202618:40:52 PMRead moreAlexFert Signs 30‑Year Solar Deal with SolarizEgypt for 1 MW Plant
Egypt OIL & GAS-
Alexandria Fertilizers Company (AlexFert), a subsidiary of Valmore Holding, has signed a 30-year Power Purchase Agreement (PPA) with SolarizEgypt to supply its manufacturing facility in Alexandria with a capacity of 1 megawatt (MW) of solar power.
Under the PPA model, AlexFert will benefit from clean, reliable, and competitively priced electricity without any upfront capital investment, while SolarizEgypt will finance, develop, own, operate, and maintain the solar power plant throughout the agreement’s duration, noted a statement by AlexFert.
SolarizEgypt is an Egyptian renewable energy company that develops and operates solar power projects through PPAs, Its main projects in Egypt include solar plants at El Gouna Touristic City, El Montazah Water Desalination and Treatment Plant, and Coca-Cola facilities.
The project is expected to provide AlexFert with approximately 1.58 gigawatt-hours (GWh) of clean electricity annually, reducing its electricity consumption from the national grid by around 4.2%. It is also expected to avoid approximately 718 metric tons of carbon dioxide (CO₂) emissions annually, equivalent to an estimated 21,528 metric tons over the 30-year agreement.
Alaa El Banna, Chairman of AlexFert, said the agreement represents a practical step in the company’s strategy to improve the sustainability and efficiency of its industrial operations. Meanwhile ,Jon Rokk, CEO of Valmore Holding, said the agreement reflects the holding company’s approach to supporting its portfolio companies in developing more efficient, resilient, and sustainable operations.
AlexFert’s commitment to cleaner production wasunderscored by its recent memorandum of understanding with United Energy Group (UEG) to explore a green ammonia project powered by green hydrogen and renewable energy. The initiative aims to shift away from conventional, fossil‑fuel‑based ammonia output toward more sustainable methods.
Established in 2003, AlexFert is a fertilizer manufacturer based in Alexandria. The company produces anhydrous ammonia as an intermediate product, as well as granular urea and ammonium sulphate. Its manufacturing facility covers approximately 110,000 square meters. -
Al Ahly Sabbour introduces YOUD Al Bahr with ready homes
Sunday 09/08/202618:39:10 PMRead moreAl Ahly Sabbour introduces YOUD Al Bahr with ready homes
Daily News-
Al Ahly Sabbour has unveiled YOUD Al Bahr, the newest phase of its YOUD development in Ras El Hekma, introducing premium first-row beachfront serviced chalets with direct sea and lagoon views, while also offering a limited selection of ready-to-move residences as demand for Egypt’s North Coast continues to grow.
The launch builds on the success of the YOUD project, which has witnessed significant construction progress since its inception. According to the company, nearly 600 residences have already been delivered, while more than 700 additional units are currently under construction. It added that more than 50 families are expected to receive their homes this August, almost three years ahead of the original delivery schedule.
Alongside the new phase, Al Ahly Sabbour has introduced its seasonal “Your Down Payment is Your Discount” campaign, allowing buyers to receive a discount equivalent to the value of their down payment, with savings reaching up to 50% of the property’s value. The company said the down payment can also be spread over three months, providing buyers with greater financial flexibility.
The newly launched YOUD Al Bahr features premium first-row serviced chalets designed around a “Double View” concept that combines direct sea and lagoon views. The development includes one- and two-bedroom chalets ranging from 35 to 86 square metres within low-rise (G+3) buildings, supported by hotel-style services and professional property management aimed at enhancing both the ownership experience and long-term rental potential.
The company said the concept expands beachfront ownership opportunities beyond traditional standalone villas by making first-row coastal living accessible to a wider range of buyers.
In parallel with the new launch, Al Ahly Sabbour is offering a limited collection of ready-to-move residences within the existing YOUD development. The available homes include one-, two-, and three-bedroom chalets ranging from 57 to 120 square metres, with prices starting from EGP 6 million.
The company is offering payment plans extending up to eight years, in addition to a 15% cash discount, allowing buyers to move into completed homes immediately while benefiting from the project’s ongoing development and gradually expanding services and amenities.
Located at kilometre 187 in Ras El Hekma, YOUD extends across 164 feddans and features approximately 1,050 metres of beachfront. Al Ahly Sabbour said the project’s master plan takes advantage of the site’s naturally terraced six-level topography and distinctive inverted triangular shape, enabling approximately 87% of residences to enjoy direct sea views while maintaining low-density development and privacy.
The company noted that the site’s unusually wide frontage facing the Mediterranean allowed nearly 50 feddans to remain as open, non-buildable beachfront, creating expansive coastal views across much of the community. The development also incorporates an extensive network of lagoons and landscaped green spaces designed to maximise waterfront views throughout the project.
YOUD offers a mix of chalets, beach houses, twin houses and standalone villas, in addition to a hotel, commercial district and leisure facilities as part of its integrated resort concept.
Al Ahly Sabbour said the combination of proven delivery performance, ready-to-move homes, flexible ownership solutions and the launch of YOUD Al Bahr positions the development to meet growing demand for premium coastal residences in Ras El Hekma, which continues to attract increasing investment and tourism activity.
The company added that the latest launch will be available for a limited period, offering buyers an opportunity to acquire beachfront property in one of Egypt’s fastest-growing coastal destinations. -
Egypt’s financial inclusion rate reaches 79%, with 56.4 million citizens holding active transaction accounts: CBE
Sunday 09/08/202618:38:38 PMRead moreEgypt’s financial inclusion rate reaches 79%, with 56.4 million citizens holding active transaction accounts: CBE
Daily News-
Egypt’s financial inclusion rate continued to rise, reaching 79% in June 2026, with 56.4 million citizens owning active accounts that enable them to perform financial transactions, out of a total of 71.4 million citizens aged 15 and above. The progress reflects the sustained efforts of the Central Bank of Egypt (CBE) and the wider financial sector to promote financial inclusion and expand access to financial services across all segments of society.
Active financial accounts include bank accounts, postal accounts, mobile wallets, and prepaid cards. Women’s financial inclusion rate increased significantly from 19.1% in 2016 to 72.5% in June 2026, representing growth of 327% over the period. Likewise, the financial inclusion rate among youth aged 15 to 35 rose from 36.3% in 2020 to 58% in June 2026, marking growth of 85%. These gains were driven by targeted programmes and initiatives designed to enhance the economic empowerment of women and young people while integrating underserved groups into the formal financial system.
The CBE said these achievements demonstrate the success of the National Financial Inclusion Strategy (2022–2025) in meeting its objectives and supporting sustainable economic growth across all segments of society. The strategy was developed and implemented in coordination with relevant ministries and authorities. The progress is also reflected in the core indicators issued by the CBE’s Financial Inclusion Datahub, which showed substantial growth in both the ownership and use of financial services, with financial inclusion expanding by 229% between 2016 and June 2026.
The results also reflect ongoing cooperation with relevant ministries and government entities in implementing a range of projects and initiatives. Among the most prominent are the presidential “Decent Life” (Haya Karima) initiative, the “Transforming the Livelihoods of Smallholder Farmers” project, and programmes targeting women and youth, implemented in cooperation with the Ministry of Youth and Sports and the National Council for Women.
As part of the CBE’s evidence-based approach to achieving its strategic objectives, the Second National Financial Inclusion Strategy (2026–2030) is currently being developed in collaboration with relevant ministries and authorities. The new strategy adopts a comprehensive approach that goes beyond expanding access to financial services by promoting their effective, secure, and sustainable use. It also seeks to support businesses and entrepreneurs while accelerating the integration of the informal economy into the formal sector.
The strategy is being developed using a comprehensive methodology for measuring financial inclusion from both the supply and demand sides, strengthening its three core dimensions: access, usage, and quality of financial services. It also draws on the findings of a financial services demand-side survey conducted during the first quarter of 2026 with technical assistance from the World Bank (WB) and the International Finance Corporation (IFC), and implemented in cooperation with the Central Agency for Public Mobilization and Statistics (CAPMAS). The survey aims to identify existing gaps and barriers to the effective use of financial services and support the development of evidence-based policies.
The strategy also aims to expand the use of financial services and products by advancing digital solutions and innovation, supporting the transition to a green economy through sustainable finance instruments, and raising financial awareness through financial education and literacy programmes. In addition, it seeks to strengthen confidence in the financial sector by enhancing consumer protection, supporting the growth and sustainability of small and medium-sized enterprises (SMEs) and entrepreneurs, fostering public-private partnerships, and further developing Egypt’s financial and technological infrastructure.
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Egypt offers 99 investment opportunities to local firms, receives 204 foreign applications
Sunday 09/08/202618:38:00 PMRead moreEgypt offers 99 investment opportunities to local firms, receives 204 foreign applications
Daily News-
Egypt’s Ministry of Housing, Utilities and Urban Communities is continuing to offer a wide range of investment opportunities in new cities through the New Urban Communities Authority’s (NUCA) digital platforms for local and foreign investors, as part of efforts to attract private-sector investment and maximise the utilisation of state-owned assets.
The investment opportunities are made available from the first to the 15th of each month through NUCA’s Egyptian and foreign investment platforms in both local and foreign currencies, according to the ministry.
Housing Minister Randa El-Menshawy said the offerings form part of the state’s strategy to achieve sustainable urban development and increase private-sector participation in development projects, in line with the objectives of Egypt Vision 2030.
She added that Egypt’s new cities are witnessing strong momentum in investment and urban development, making them a key driver of economic growth. The government, she said, will continue to offer new investment opportunities to support urban expansion and attract additional domestic and foreign capital.
El-Menshawy noted that many of the investment sites are strategically located along major roads, regional highways, and in high-density urban areas, based on approved planning studies. These locations are expected to enhance the commercial viability of projects and maximise their investment potential.
Walid Abbas, Deputy Minister of Housing for New Urban Communities, said NUCA is offering nearly 99 investment opportunities to Egyptian companies through its Investor Services Portal as of 15 August.
The opportunities, priced in Egyptian pounds, cover a wide range of land areas, from 500 square metres for small and medium-sized projects to more than 39 feddans for large-scale developments, with multiple permitted land uses.
Abbas added that the authority received around 204 applications from foreign companies through its foreign investment platform during August 2026.
The investment opportunities cover more than 15 sectors, including commercial, administrative, medical, educational, sports, entertainment, hospitality, tourism, logistics, and service activities, in addition to mixed-use developments.
The sites are distributed across several new cities, including New Cairo, New Damietta, New Salhia, Obour, New Obour, Badr, 15th of May, and New Qena, as well as other new cities across Upper Egypt and the rest of the country.
The ministry said the offerings are intended to expand the private sector’s role in implementing urban development projects, particularly as the government continues to invest heavily in infrastructure, roads, utilities, and public services across Egypt’s new cities.
Ahmed Ibrahim, NUCA’s Vice President for Planning and Projects, said the authority is also continuing to upgrade its digital investment platform as part of the ministry’s broader digital transformation strategy.
He explained that the system digitises the entire investment process, from announcing available opportunities and uploading maps, technical data, and supporting documents to submitting and tracking applications electronically, followed by evaluation, review, and final decision-making.
According to Ibrahim, the digital platform is designed to reduce reliance on paper-based procedures, shorten processing times, and improve the quality and efficiency of services provided to investors.
He added that NUCA is also working to standardise investment procedures across all new-city authorities, apply unified evaluation criteria for investment applications, and maintain comprehensive digital records throughout every stage of the investment process. -
Egypt steps up drive to attract Indian industrial investment, expand manufacturing partnerships
Sunday 09/08/202618:37:29 PMRead moreEgypt steps up drive to attract Indian industrial investment, expand manufacturing partnerships
Daily News-
Egypt is stepping up efforts to attract new Indian industrial investments and expand the presence of Indian companies in its manufacturing sector, with a focus on technology transfer, increasing local content, developing domestic supply chains, and positioning Egypt as a production and export hub for African and Middle Eastern markets.
Industry Minister Khaled Hashem made the remarks during a meeting with representatives of major Indian companies and members of the Federation of Indian Chambers of Commerce and Industry (FICCI) in Jaipur, following his participation in the BRICS Industry Ministers’ Meeting.
The meeting was attended by Investment and Foreign Trade Minister Mohamed Farid, Egypt’s Ambassador to India Kamel Galal, Assistant Minister of Industry for International Cooperation Ahmed Moghrawy, and representatives of Egyptian companies operating in the leather, packaging, food, and chemical industries.
Hashem said the strong political relations between Egypt and India provide a solid foundation for expanding economic cooperation, noting that the current level of bilateral investments and industrial partnerships remains below the two countries’ potential.
He added that Egypt is seeking to move bilateral economic relations beyond trade by encouraging Indian companies to establish manufacturing facilities in the country, transfer technology, strengthen local supply chains, and use Egypt as a regional production and export base.
The minister stressed that the private sector should lead this expansion, while the government will continue to facilitate investment, address regulatory and operational challenges, connect Indian companies with Egyptian partners, and provide information on industrial land, energy availability, and investment opportunities.
Indian companies explore investment opportunities
The meeting brought together representatives of TCI Sanmar, SVC Industries, Ocior, Sterlite, ITC, and Reliance Industries to discuss potential investments and expansion opportunities across several strategic sectors.
Hashem highlighted the success of existing Indian investments in Egypt, particularly TCI Sanmar’s operations in the chemicals industry, as a model demonstrating the potential for Indian manufacturers to serve both the domestic market and export destinations from Egypt.
Discussions covered prospective projects in food processing, strategic grain storage, consumer goods, infrastructure, energy, and industrial services.
The two sides also explored opportunities related to Ocior’s green hydrogen and green ammonia projects, as well as potential cooperation with Sterlite in electricity transmission networks and related energy infrastructure.
Hashem noted that such partnerships could support Egypt’s plans to expand renewable energy generation and strengthen electricity transmission links between new power-generation projects and industrial zones.
The meeting also examined opportunities to develop integrated agricultural, food-processing, storage, and logistics projects, including potential cooperation with companies such as ITC and SVC Industries.
Potential investments by Reliance Industries were also discussed, particularly in food industries and consumer goods, with the possibility of expanding cooperation into the energy, petrochemicals, and industrial materials sectors.
Egypt establishes follow-up mechanism for Indian investments
Hashem said the Ministry of Industry will establish a project-specific follow-up mechanism to monitor the investment opportunities discussed during the meeting by identifying each project’s requirements, the responsible government authority, the actions needed, and a clear implementation timeline.
He said the mechanism is intended to accelerate investment decisions and help move projects from preliminary discussions to implementation.
The ministry will also continue working with Indian companies already operating in Egypt to identify expansion opportunities and increase local value added. At the same time, companies considering entering the Egyptian market will receive support in identifying suitable investment opportunities, industrial locations, local partners, and appropriate investment structures.
Hashem added that Egypt will continue coordinating with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Egyptian-Indian Business Council to identify additional Indian companies, organise sector-specific business meetings, and connect prospective investors with Egyptian manufacturers and suppliers.
He noted that the success of these efforts will be measured by the number of investments that move into implementation, the expansion of existing Indian companies, the transfer of technology to Egypt, growth in local content, and the export potential generated by new industrial projects.
The minister said Egypt’s objective is to move beyond a traditional trade relationship and build integrated investment, manufacturing, and supply chain networks that combine Indian industrial and technological capabilities with Egypt’s manufacturing base and strategic access to regional and international markets.
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Women’s health initiative records more than 71 million visits since 2019
Sunday 09/08/202618:36:59 PMRead moreWomen’s health initiative records more than 71 million visits since 2019
Daily News-
Egypt’s presidential women’s health initiative has recorded more than 71.3 million visits for screening, follow-up care, and health awareness services since its launch in July 2019, the Ministry of Health and Population announced.
Ministry spokesperson Hossam Abdel Ghaffar said the total included approximately 23.5 million first-time visits, 34.1 million periodic follow-up visits, and 13.8 million other visits.
The initiative, launched under the presidential “100 Million Healthy Lives” campaign, targets women aged 18 and above, with a particular focus on the early detection of breast cancer. It also provides screening for non-communicable diseases, including diabetes and hypertension, measures body mass index (BMI), and offers health education on reproductive health, family planning, and lifestyle-related risk factors.
According to the ministry, 936,669 women have been referred to hospitals for advanced examinations. Screening and awareness services are provided free of charge through 3,663 healthcare units nationwide, while 102 hospitals receive cases requiring further diagnostic tests.
Hatem Amin, Executive Director of the initiative, said the programme has detected 39,488 cases of breast cancer since its launch. It has also conducted 525,126 mammograms and collected 60,657 tumour samples for pathological analysis, with confirmed patients receiving treatment free of charge.
The ministry added that mobile medical units have examined 162,407 women at primary healthcare facilities and carried out 65,007 diagnostic imaging examinations.
Breast cancer treatment is currently provided through 14 Ministry of Health centres and another 14 centres affiliated with the Supreme Council of University Hospitals. More than 30,000 doctors, nurses, radiology technicians, and pathology specialists have also received specialised training under the initiative.
The ministry encouraged women to undergo regular screening, stressing that early detection of breast cancer significantly improves treatment outcomes while reducing the burden on patients and the healthcare system.
Separately, the Ministry of Health and Population said more than 10.1 million children have undergone hearing screening under the presidential initiative for the early detection and treatment of hearing impairment in newborns since the programme was launched in September 2019.
According to the ministry, 71,577 children were referred for a second confirmatory hearing test after their initial screening. It noted that not passing the second test does not necessarily indicate hearing loss but signals the need for more comprehensive assessment.
The programme has provided cochlear implants to 3,318 children, fitted 13,567 children with hearing aids, and provided medication to 25,728 children.
The ministry added that the number of specialist referral hospitals and centres participating in the initiative has increased from 30 to 34, while newborn hearing screening services are now available through 3,825 healthcare units nationwide.
Screening is offered from birth until 28 days of age. The ministry said nursing teams have been trained to use otoacoustic emission (OAE) testing devices, while dedicated data-entry teams electronically register newborn information to build comprehensive digital health records.
The ministry also noted that hearing screening has been incorporated into official birth records as part of efforts to identify hearing impairment at an early stage and provide timely treatment before it affects children’s speech, language, and cognitive development. -
Planning, petroleum ministers discuss strategy to strengthen Egypt’s energy security
Sunday 09/08/202618:36:29 PMRead morePlanning, petroleum ministers discuss strategy to strengthen Egypt’s energy security
Daily News-
Planning and Economic Development Minister Ahmed Rostom met with Petroleum and Mineral Resources Minister Karim Badawi to discuss the future strategy for Egypt’s petroleum and energy sector as the government begins implementing its FY2026/27 economic and social development plan and intensifies efforts to strengthen the country’s energy security.
Rostom praised the government’s efforts to boost investment in the petroleum and energy sector, highlighting the settlement of arrears owed to foreign partners, which he said has helped attract new investments and contributed to shifting the sector’s growth rate from contraction to positive growth.
He said the petroleum and energy sector underpins economic activity across the country and represents a key pillar of Egypt’s national security. As a result, the government has prioritised developing the sector’s infrastructure, expanding partnerships with the private sector, and settling outstanding dues to foreign partners to encourage further exploration and increase production.
Rostom stressed that securing stable energy supplies remains a national priority, particularly in light of heightened geopolitical tensions at both the regional and international levels in recent years.
Badawi said the Ministry of Petroleum and Mineral Resources is pursuing a strategy focused on sustainably increasing oil and natural gas production, attracting additional investment, reducing Egypt’s petroleum import bill, increasing value added, and ensuring the country’s domestic energy needs are met.
He noted that the government’s commitment to making regular payments to investment partners has created a more attractive environment for international energy companies and private-sector investors to expand exploration and production activities.
Badawi added that the ministry plans to implement refinery development projects worth approximately $4.5bn to increase domestic refining capacity, boost local production, and reduce dependence on imported petroleum products.
He also said Egypt is working to capitalise on its strategic geographical location and advanced energy infrastructure by receiving natural gas from Cyprus and re-exporting it to international markets through Egypt, reinforcing the country’s position as a regional energy hub.
The petroleum minister added that the government is updating the national energy strategy in cooperation with the Ministry of Electricity and Renewable Energy. The revised strategy aims to expand renewable energy generation, free up larger volumes of natural gas for higher value-added industries, expand refining and petrochemical industries, and strengthen long-term planning to ensure the security and sustainability of Egypt’s energy supplies.
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Weekly Summary of Amman Stock Exchange 02/08 – 06/08
Sunday 09/08/202618:34:18 PMRead moreWeekly Summary of Amman Stock Exchange 02/08 – 06/08
The average daily trading volume for the period 02/08 – 06/08 reached JD (14.0) million compared to JD (17.2) million for the last week, a decrease of (18.6%). The total trading volume during the week reached JD(69.9) million compared to JD (86.0) million during the last week. Trading a total of (29.4) million shares through (21402) transactions.
Financial led the trading with JD(41.44) million or (59.24%) of the total trading volume. The Services followed with a JD(20.53) million or (29.35%). Finally, the Industrial with a JD(7.98) million representing(11.41%) of the total trading volume.
The shares price index closed at (3986.1) points, compared to (3996.1) points for the last week, a decrease of (0.25%). The Financial index decreased by (1.23%), the Services index increased by (0.69%), and the Industrial index increased by (2.22%).
The shares of (131) companies were traded, the shares prices of (51) companies rose, and the shares prices of (51) declined.
The top five gainers during the week were, the Salam Internationl Transport & Trading by (22.41%), Jordanian Co. For Developing & Financial Investment by (22.37%), Deera Investment & Real Estate Development Co by (14.00%), Middle East Holding by (13.37%), and Nobar Trading Investment Company by (10.78%).
The top five losers were, the Jerusalem Insurance by (7.45%), Bank Al Etihad by (6.88%), Al Manara Islamic Insurance Company by (6.06%), Zara Investement Holding by (6.00%), and Noor Capital Markts For Diversified Investments by (5.88%). -
Daily Summary of Amman Stock Exchange
Sunday 09/08/202618:33:55 PMRead moreDaily Summary of Amman Stock Exchange
Trading value for Sunday 09/08/2026 reached JD(9.0) million. (4.3) million shares were traded through (3,125).
The shares price index closed at (3963.75) point, a decrease of (0.56%).
The shares of (95) companies were traded, the shares prices of (25) companies rose, and the shares prices of (41) declined.
At the sector level, the Industrial index decreased by 0.92%, the Financial index decreased by 0.55%, and the Services index decreased by 0.12%.
As for sub sector indices, the Hotels and Tourism, Transportation, Insurance, Commercial Services, Chemical Industries sectors increased by 1.94%, 1.22%, 0.29%, 0.02%, 0.02% respectively. While the Textiles, Leathers and Clothings, Mining and Extraction Industries, Technology and Communication, Banks, Diversified Financial Services, Educational Services, Engineering and Construction, Real Estate, Utilities and Energy, Food and Beverages, Pharmaceutical and Medical Industries sectors decreased by 1.38%, 1.23%, 0.65%, 0.60%, 0.58%, 0.37%, 0.28%, 0.23%, 0.22%, 0.13%, 0.10% respectively.
The top five gainers were, the National Insurance by (7.33%), Salam Internationl Transport & Trading by (4.93%), Middle East Insurance by (4.49%), Nobar Trading Investment Company by (4.42%), and Jordanian Co. For Developing & Financial Investment by (4.30%).
The top five losers were, Northern Cement Co. by (7.47%), Amwaj Properties by (5.00%), Jordan International Investment Co. by (4.92%), Babelon Investments Co. P.l.c by (4.76%), and National Portfolio Securities by (4.00%).
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The Saudi stock market index closed higher at (10817.01) points
Sunday 09/08/202618:32:07 PMRead moreThe Saudi stock market index closed higher at (10817.01) points
The Saudi Stock Exchange's main index closed today up 5.44 points at 10,817.01 points, with trading valued at SAR 3.2 billion.
According to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange, 186 million shares were traded. Shares of 102 companies rose, while shares of 160 companies declined.
The top gainers were Al-Mutakamilah, Al-Wataniyah, Al-Aseel, Liva, and Al-Amar, while the biggest losers were Arabian, Printing & Packaging, Red Sea, Tabuk Agricultural, and Amiantit. The percentage changes ranged between 10% and 9.96%.
The most actively traded stocks by volume were Americana, Darb Saudi, Al Rajhi, Petro Rabigh, and Al-Anadi for Sports, while the most actively traded by value were Al Rajhi, Saudi Aramco, Ma'aden, Elm, and ACWA. Meanwhile, the Saudi parallel stock index (Nomu) closed today down (93.38) points to close at the level of (21934.40) points, with a trading value of (12) million riyals, and a trading volume of (2.2) million shares. -
EGX closes trading higher
Sunday 09/08/202618:31:27 PMRead moreEGX closes trading higher
SPA-
The Egyptian Exchange closed higher today, with the market capitalization of listed companies gaining approximately EGP 55 billion to reach EGP 4.158 trillion. Total market trading volume reached approximately EGP 24.1 billion, while equity market transactions amounted to approximately EGP 12.2 billion.
The benchmark EGX 30 index rose by 0.82% to 55,125.43 points, while the EGX 70 index for small and medium-sized enterprises climbed by 4.04% to 20,798.21 points. The broader EGX 100 index also rose by 3.36%, closing at 26,983.04 points. -
QSE Index Closes Lower
Sunday 09/08/202617:18:48 PMRead moreQSE Index Closes Lower
(QNA)-
The Qatar Stock Exchange (QSE) index closed Sunday's trading session lower by 12.14 points, or 0.12 percent, reaching 10,100.11 points.
A total of 146,777,210 shares were traded during the session, with a total value of QAR 304,902,482.906 through 19,398 transactions across all sectors.
The shares of 20 companies advanced, while those of 27 other companies declined, with the shares of five companies remaining unchanged.
Market capitalization at the close of trading stood at QAR 607,413,382,477.832 compared to QAR 608,244,312,146.536 in the previous session. -
Muscat Stock Exchange Closes Higher
Sunday 09/08/202617:18:33 PMRead moreMuscat Stock Exchange Closes Higher
(QNA)-
The Muscat Stock Exchange 30 index closed on Sunday at 7,395.55 points, up 27.6 points, or 0.37 percent, compared to the last trading session which closed at 7,367.94 points.
Trading value reached OMR 46,385,472, a decrease of 19.68 percent, compared to the last trading session, which amounted to OMR 57,748,904.
The report issued by the Muscat Stock Exchange indicated that the market value increased by 0.222 percent from the last trading day, reaching approximately OMR 37.91 billion. -
Kuwait Bourse Closes Higher
Sunday 09/08/202617:18:15 PMRead moreKuwait Bourse Closes Higher
(QNA)-
Kuwait Bourse closed trading on Sunday as the All Share Index gained 7.64 points to reach 8,873.26 points, an increase of 0.09 percent.
As many as 233.8 million shares valued at KWD 60.7 million (roughly USD 197.21 million) were traded via 15,323 transactions.
The Main Market Index went down by 6.99 points to reach 8,996.96 points, down by 0.08 percent, through 142.2 million shares done via 9,513 transactions valued at KWD 26.3 million (roughly USD 85.45 million).
The Premier Market Index gained 11.15 points to reach 9,307.48 points, up by 0.12 percent, through 91.5 million shares done via 5,810 transactions valued at KWD 34.4 million (roughly USD 111.76 million).
Meanwhile, the Bourse Main 50 Index gained 54.67 points to reach 10,394.33 points, up by 0.53 percent, through stock volume of 85.8 million shares done in 5,923 deals at a value of KWD 16.8 million (roughly USD 54.58 million). -
Bahrain All Share Index closes lower, Islamic Index closes higher
Sunday 09/08/202617:17:01 PMRead moreBahrain All Share Index closes lower, Islamic Index closes higher
(BNA)-
Bahrain All Share Index has closed at 1,955.68 points, marking a decrease of 7.55 points below the previous closing.
This decrease was due to the drop in the communication services sector, the financial sector and the material sector.
Bahrain Islamic Index has closed at 921.76 points, marking an increase of 0.15 points above the previous closing.
Results indicated that 113 equity transactions took place with a volume of 1,390,942 worth BD 402,283.
Investors traded mainly in the financial sector, representing 55.83% of the total value of securities traded. -
Mulkia Investment Co. announces the deposit of the amounts from selling the shares fractions resulted from the company’s capital Increase in the eligible shareholder’s accounts
Sunday 09/08/202617:16:23 PMRead moreMulkia Investment Co. announces the deposit of the amounts from selling the shares fractions resulted from the company’s capital Increase in the eligible shareholder’s accounts
Tadawul-
Element List Explanation
Introduction Mulkia Investment Company announces the completion of the sale of fractional shares and the deposit of the proceeds from the sale into the accounts of eligible shareholders resulting from the increase in the company's capital, based on the approval of the Extraordinary General (First Meeting) Assembly held on 15/07/2026 AD, corresponding 01/02/1448 H.
Share’s Fractions Sale Completion Date 2026-07-29 Corresponding to 1448-02-15
Number of Sold Shares 142
Share’s Fractions Selling Returned Amount 4,897.16
Average Selling Price per share 34.55
Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts 2026-08-06 Corresponding to 1448-02-23
Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts The proceeds from the fractional share sale were distributed by depositing the due amounts into the current accounts linked to the shareholders' investment portfolios in which Mulkia Investment Company shares are deposited. Any shareholder who encounters a delay in the deposit process may contact Mulkia Investment Company Shareholder Relations at:
sr@mulkia.com.sa
Or contact number 9992 119 800 966+ during the Company working hours. -
Ladun Investment Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:16:08 PMRead moreLadun Investment Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 150,199,200 314,055,176 -52.174 163,281,856 -8.012
Gross Profit (Loss) 19,364,230 83,253,331 -76.74 19,723,643 -1.822
Operational Profit (Loss) -13,781,390 48,043,336 - -15,198,588 -9.324
Net Profit (Loss) Attributable to Shareholders of the Issuer -34,145,710 26,888,883 - -39,766,364 -14.134
Total Comprehensive Income Attributable to Shareholders of the Issuer -35,199,002 27,104,536 - -38,341,364 -8.195
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 313,481,056 639,412,544 -50.973
Gross Profit (Loss) 39,087,873 132,579,146 -70.517
Operational Profit (Loss) -28,979,978 64,609,929 -
Net Profit (Loss) Attributable to Shareholders of the Issuer -73,912,074 21,321,066 -
Total Comprehensive Income Attributable to Shareholders of the Issuer -73,540,366 18,781,719 -
Total Shareholders Equity (after Deducting Minority Equity) 503,961,277 653,701,363 -22.906
Profit (Loss) per Share -0.15 0.04
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Revenue decreased by 52% in the current quarter compared with the corresponding quarter of the previous year due to a SAR 67 million decline in the real estate development segment following the completion and handover of off-plan sale projects, a SAR 78 million decline in the contracting segment, and a SAR 12.6 million decline in the factories segment as a result of the completion of certain major projects.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit is mainly attributable to the continued finance costs and general & administrative expenses, together with lower revenues.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Real estate development revenue increased by SAR 21 million, while contracting revenue decreased by approximately SAR 26 million and factories revenue decreased by approximately SAR 8 million due to the non-commencement of new projects.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit is mainly attributable to the continued finance costs and general & administrative expenses, together with lower revenues.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The decrease in revenue was due to a SAR 213 million decline in the real estate development segment, a SAR 68 million decline in the contracting segment, and a SAR 37 million decline in the factories segment, primarily because new projects have not yet commenced.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decrease in net profit is mainly attributable to the continued finance costs and general & administrative expenses, together with lower revenues.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items Certain comparative figures have been reclassified.
Additional Information - -
Saudi Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:15:45 PMRead moreSaudi Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 434.8 431.5 0.764 382.8 13.584
Gross Profit (Loss) 168.7 155 8.838 156.5 7.795
Operational Profit (Loss) 110.8 104.9 5.624 108.6 2.025
Net Profit (Loss) Attributable to Shareholders of the Issuer 102 95.5 6.806 100.2 1.796
Total Comprehensive Income Attributable to Shareholders of the Issuer 102 95.5 6.806 100.2 1.796
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 817.5 849.8 -3.8
Gross Profit (Loss) 325.2 327.6 -0.732
Operational Profit (Loss) 219.4 221.8 -1.082
Net Profit (Loss) Attributable to Shareholders of the Issuer 202.2 204 -0.882
Total Comprehensive Income Attributable to Shareholders of the Issuer 202.2 204 -0.882
Total Shareholders Equity (after Deducting Minority Equity) 2,146.7 2,062 4.107
Profit (Loss) per Share 1.32 1.33
All figures are in (Millions) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason of the increase in sales revenue for current quarter compared with the same quarter of last year is due to the increase in local quantities sold in spite of the decrease in average local selling prices.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason of the increase in net profit for current quarter compared to the same quarter of last year is due to the increase in sales revenue, decrease in selling and distribution expenses and the decrease in finance charges, in spite of the increase in general and administrative expenses and the decrease in other revenues.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the increase in sales revenue for current quarter compared to the previous quarter is due to the increase in total value and quantities sold.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason of the increase in net profit for current quarter compared to the previous quarter is due to the increase in sales revenue and increase in share of profit from an associate, in spite of the increase in selling and distribution expenses, increase in general and administrative expenses, increase in finance charges and the decrease in other revenues.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason of the decrease in sales revenue during the current period compared to the same period of last year is due to the decrease in total value and quantities sold.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason of the decrease in the net profit during the current period compared to the same period of the last year is due to the decrease in sales revenue, decrease in other revenues, decrease in share of profit from an associate, increase in general and administrative expenses, in spite of the decrease in selling and distribution expenses and the decrease in finance charges.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information None -
Saleh Abdulaziz Al Rashed and Sons Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:15:27 PMRead moreSaleh Abdulaziz Al Rashed and Sons Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 160,614,487 190,180,875 -15.546 155,167,537 3.51
Gross Profit (Loss) 20,082,604 35,150,868 -42.867 23,197,460 -13.427
Operational Profit (Loss) 7,477,128 21,222,154 -64.767 10,322,361 -27.563
Net Profit (Loss) Attributable to Shareholders of the Issuer 6,400,985 17,997,768 -64.434 9,251,981 -30.814
Total Comprehensive Income Attributable to Shareholders of the Issuer 6,400,985 17,997,768 -64.434 9,251,981 -30.814
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 315,782,024 360,882,083 -12.497
Gross Profit (Loss) 43,280,064 74,890,918 -42.209
Operational Profit (Loss) 17,799,489 43,207,442 -58.804
Net Profit (Loss) Attributable to Shareholders of the Issuer 15,652,966 41,154,499 -61.965
Total Comprehensive Income Attributable to Shareholders of the Issuer 15,652,966 41,154,499 -61.965
Total Shareholders Equity (after Deducting Minority Equity) 400,045,250 373,568,963 7.087
Profit (Loss) per Share 0.84 2.21
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The Company's revenues decreased by 16% during the second quarter of 2026 compared to the corresponding quarter of 2025. This was primarily driven by a 16% decrease in aggregates sales due to a 13% decline in quantities sold, a 21% decrease in asphalt sales due to a 37% decline in quantities sold, in addition to a 32% decline in spare parts segment revenues. This reflects the continued decline in demand levels as a result of the geopolitical challenges in the region and the associated disruptions to supply chains, which adversely affected demand for the Company's products.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The Company's net profit decreased to SAR 6.4 million during the second quarter of 2026, compared to SAR 18 million during the corresponding quarter of 2025, representing a decline of approximately 64%. This was primarily driven by the decline in the gross profit margin from 18% to 13% compared to the corresponding quarter in the previous year, amid continued pressure on operating costs resulting from the geopolitical situation in the region and the associated disruptions to supply chains, as well as the increase in the cost of certain operating inputs, in addition to the decline in revenues, which led to a decrease in operating profit and consequently a decline in net profit.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The Company's revenues increased by 4% during the second quarter of 2026 compared to the previous quarter. This was primarily driven by a 6% increase in aggregates sales and an 11% increase in spare parts segment sales, despite the slight 1% decline in asphalt sales during the current quarter compared to the previous quarter. This reflects a relative improvement in demand levels compared to the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The Company's net profit decreased to SAR 6.4 million during the second quarter of 2026, compared to SAR 9.2 million in the previous quarter, representing a decline of approximately 31%. This was primarily driven by the decline in the gross profit margin from 15% to 13% during the current quarter compared to the previous quarter, in addition to the continued impact of the geopolitical challenges in the region and the resulting disruptions to supply chains, which contributed to the increase in the cost of certain operating inputs, leading to a decrease in operating profit and consequently a decline in net profit.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The Company’s revenue decreased by 12% during the first half of 2026 compared to the corresponding period of 2025. This was primarily driven by a 15% decline in aggregate sales, driven by a 13% decrease in sales volumes. Revenue was also affected by a 7% decline in asphalt sales resulting from a 20% decrease in sales volumes, in addition to a 40% reduction in spare parts segment revenue. This was mainly due to lower demand levels, affected by geopolitical challenges in the region and the resulting supply chain disruptions, which adversely impacted demand for the Company’s products.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit decreased to SAR 15.7 million during the first half of 2026, compared to SAR 41.2 million during the corresponding period of 2025, representing a decline of approximately 62%. This was primarily driven by the decline in the gross profit margin from 21% to 14% compared to the previous year, amid the continued impact of the geopolitical challenges in the region and the resulting disruptions to supply chains, which contributed to the increase in the cost of certain operating inputs, leading to a decrease in operating profit and consequently a decline in net profit.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information None
-
Saudi Arabian Amiantit Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:15:11 PMRead moreSaudi Arabian Amiantit Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 73,874 168,235 -56.088 95,864 -22.938
Gross Profit (Loss) -13,062 4,075 - -10,118 29.096
Operational Profit (Loss) -43,835 -17,146 155.657 -34,031 28.809
Net Profit (Loss) Attributable to Shareholders of the Issuer -68,132 -20,278 235.989 -54,827 24.267
Total Comprehensive Income Attributable to Shareholders of the Issuer -69,811 5,081 - -55,043 26.829
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 169,738 351,001 -51.641
Gross Profit (Loss) -23,180 17,282 -
Operational Profit (Loss) -77,866 -23,911 225.649
Net Profit (Loss) Attributable to Shareholders of the Issuer -122,959 -9,618 1,178.425
Total Comprehensive Income Attributable to Shareholders of the Issuer -124,854 30,699 -
Total Shareholders Equity (after Deducting Minority Equity) 724,945 913,305 -20.623
Profit (Loss) per Share -2.76 -0.22
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The decline in sales for the current quarter compared to the same quarter of last year is primarily driven by a slowdown in demand, as a result of postponing certain projects, along with disruption to the sales and import of raw materials due to supply chain and logistics challenges in the region, this deferral may have a positive impact on the sales for the coming periods.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The majority of the losses recorded in the current quarter of 2026 are attributed to:
• Sales decreased in the second quarter of this year compared to the same quarter of the previous year.
• Higher raw material prices due to supply chain disruptions caused by the geopolitical conditions.
• Losses arising from investment in foreign companies.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The continued decline in sales this quarter compared to the last quarter is primarily driven by a slowdown in demand, as a result of postponing certain projects, along with disruption to the sales and import of raw materials due to supply chain and logistics challenges in the region, this deferral may have a positive impact on the sales for the coming periods.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The majority of the losses recorded in the current quarter of 2026 compared to the previous one are attributed to:
• Sales continued to decrease in the second quarter of this year compared to the previous quarter.
• Higher raw material prices due to supply chain disruptions caused by the geopolitical conditions.
• Losses arising from investment in foreign companies.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The decline in sales this period compared to the same period of the last year is primarily driven by a slowdown in demand, as a result of postponing certain projects, along with disruption to the sales and import of raw materials due to supply chain and logistics challenges in the region, this deferral may have a positive impact on the sales for the coming periods.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The majority of the losses recorded in the current period compared to the similar period of the previous year, mostly due to:
• Sales decreased in the current period of this year compared to the similar period of the previous year.
• Higher raw material prices due to supply chain disruptions caused by the geopolitical conditions.
• Losses arising from investment in foreign companies.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items N/A
Additional Information - The loss per share for the six-month period ending June 30, 2026, was SAR (2.76), calculated by dividing the net loss attributable to the shareholders of the company, amounting to SAR (122.96) million, by the average number of shares of 44,512,412 shares. For the six-month period ending June 30, 2025, the loss per share was SAR (0.22), calculated by dividing the net loss attributable to the shareholders of the company, amounting to SAR (9.6) million, by the average number of shares of 44,512,412 shares.
- Regarding the calculation of earnings per share, it was computed according to International Accounting Standard 33 "Earnings per Share, the earnings per share for the six-month period ending June 30, 2026, were calculated based on the number of shares, which amounts to 44,550,000 adjusted by deducting the number of shares from the employee share option plan, which amounts to 37,588 shares. -
Al Yamamah Steel Industries Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Nine Months )
Sunday 09/08/202617:14:46 PMRead moreAl Yamamah Steel Industries Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Nine Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 547.461 477.453 14.662 525.873 4.105
Gross Profit (Loss) 115.136 57.19 101.321 89.765 28.263
Operational Profit (Loss) 91.283 32.066 184.672 68.394 33.466
Net Profit (Loss) Attributable to Shareholders of the Issuer 62.091 15.373 303.896 48.483 28.067
Total Comprehensive Income Attributable to Shareholders of the Issuer 62.091 15.373 303.896 48.483 28.067
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,571.539 1,474.62 6.572
Gross Profit (Loss) 280.755 148.922 88.524
Operational Profit (Loss) 213.692 80.876 164.221
Net Profit (Loss) Attributable to Shareholders of the Issuer 148.183 41.913 253.549
Total Comprehensive Income Attributable to Shareholders of the Issuer 148.183 41.913 253.549
Total Shareholders Equity (after Deducting Minority Equity) 770.008 605.594 27.149
Profit (Loss) per Share 2.92 0.83
All figures are in (Millions) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The primary reason for the increase in sales is the rise in both the volume and value of sales in the electricity sector by 51.28% and 44.18%, respectively, and the 9.37% increase in the value of sales in the construction sector.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The primary reason for the 303.91% increase in net profit is the rise in sales of the electricity and construction sectors by51.28% and 44.18% and 9.37%, respectively, and the decrease in the cost of sales in these two sectors by 11.50% and 5.25%, respectively. Additionally, selling prices in the construction sector increased by 11.94%.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The primary reason for the increase in sales is the rise in both the volume and value of sales in the electricity sector by 6.92% and 8.33%, respectively, as well as a 14.21% increase in the value of sales in the construction sector.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The primary reason for the 28.07% increase in net profit is the rise in sales volume and value in the electricity sector by 6.92% and 8.33%, respectively, and the 14.21% increase in sales value in the construction sector, alongside a 15.14% rise in selling prices within the construction sector.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The primary reason for the increase in sales is the rise in both the volume and value of sales in the electricity sector by 43.88% and 40.92%, respectively.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The primary reason for the 253.55% increase in net profit is the rise in sales volume and value in the electricity sector by 43.88% and 40.92%, respectively, along with a decrease in the cost of sales in the electricity and construction sectors by 11.21% and 8.41%, respectively.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) No.
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the presentation for the current period.
Additional Information No.
-
Aldawaa Medical Services Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:14:00 PMRead moreAldawaa Medical Services Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 1,635,929 1,685,573 -2.945 1,545,375 5.859
Gross Profit (Loss) 546,662 590,494 -7.422 549,971 -0.601
Operational Profit (Loss) 72,381 119,688 -39.525 55,602 30.176
Net Profit (Loss) Attributable to Shareholders of the Issuer 30,263 86,573 -65.043 22,253 35.995
Total Comprehensive Income Attributable to Shareholders of the Issuer 27,048 87,353 -69.035 31,053 -12.897
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 3,181,305 3,350,494 -5.049
Gross Profit (Loss) 1,096,634 1,195,099 -8.239
Operational Profit (Loss) 127,983 259,293 -50.641
Net Profit (Loss) Attributable to Shareholders of the Issuer 52,516 191,743 -72.611
Total Comprehensive Income Attributable to Shareholders of the Issuer 58,100 181,198 -67.935
Total Shareholders Equity (after Deducting Minority Equity) 1,348,253 1,403,938 -3.966
Profit (Loss) per Share 0.62 2.26
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Revenue:
Group revenue for the quarter reached to SAR 1635.9 million representing a (2.9%) decline, compared to corresponding quarter of the previous year 2025 reflecting softer demand patterns during the period. The Group continued to strengthen its omnichannel proposition, with the online business delivering growth and further increasing its contribution to overall Retail revenue.
The Group continued to accelerate the growth of its other strategic verticals, reinforcing its position across the healthcare value chain and broader ecosystem. Distribution sector revenues increased by 131.1% , driven by the continued expansion of the Distribution business, while Logistics revenues grew by 30%, reflecting the ongoing growth of third-party logistics services. The continued momentum across these businesses demonstrates the Group's ability to capture additional value across the healthcare value chain while further strengthening its integrated healthcare ecosystem.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net Profit:
Net profit for the second quarter of 2026 decreased by SAR 56.3 million compared to the corresponding quarter of the previous year, primarily reflecting the decline in revenue and gross profit. Despite the lower sales, the Group maintained a resilient Retail gross margin of 36.1% during the first half of the year, demonstrating disciplined commercial execution and effective margin management.
The Group maintained a disciplined cost base, with operating expenses remaining broadly flat in absolute terms despite continued strategic investments in digital capabilities, selective Retail expansion, and the ongoing enhancement of its Distribution and Logistics infrastructure. These investments support the Group's long-term strategy of capturing greater value across the healthcare value chain while strengthening its integrated healthcare ecosystem.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenue:
The Company recorded during the second quarter of 2026, an increase in revenue by SAR 90.5 million 5.9% compared to the previous quarter. The improvement reflects continued commercial execution across the Group's omnichannel platform, supported by the sustained growth of its strategic verticals, further strengthening its integrated healthcare ecosystem and ability to capture value across the healthcare value chain.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net Profit:
The Company recorded a net profit increase of SAR 8 million 36% during the second quarter of 2026 compared to the previous quarter. The improvement was primarily driven by a 5.9% increase in revenue, coupled with continued cost optimization initiatives, resulting in a reduction of SAR 18.3 million (3.7%) in selling and distribution expenses and general and administrative expenses. This reflects the Company's continued focus on enhancing operational efficiency while maintaining investment in its strategic growth initiatives.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenue:
Group revenue for the six-month period of 2026 reached SAR 3181.3 million, representing a (5%) decline, reflecting softer demand patterns in the Retail business during the period. The Group continued to strengthen its omnichannel proposition, with the online business delivering growth and further increasing its contribution to overall Retail revenue.
The Group continued to accelerate the growth of its strategic verticals, reinforcing its position across the healthcare value chain. Distribution sector revenues nearly doubled, increasing by 97.9% , while Logistics revenues grew by 42.8% , reflecting continued business expansion across both segments
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net Profit:
Net profit for the first half of 2026 declined compared to the corresponding period of the previous year, primarily reflecting a more competitive operating environment, together with the Group's continued investments in its expansion strategy and strategic infrastructure to support sustainable long-term growth
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Not applicable
Reclassification of Comparison Items Certain corresponding figures have been rearranged and reclassified, the effect of which is not material.
Additional Information Not applicable -
City Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:13:42 PMRead moreCity Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
lement List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 105,652,492 139,491,390 -24.258 119,908,270 -11.888
Gross Profit (Loss) 22,905,933 51,024,714 -55.108 38,995,145 -41.259
Operational Profit (Loss) 10,967,269 33,479,096 -67.241 25,884,750 -57.63
Net Profit (Loss) Attributable to Shareholders of the Issuer 14,594,485 36,381,279 -59.884 30,178,883 -51.64
Total Comprehensive Income Attributable to Shareholders of the Issuer 14,451,617 36,110,055 -59.978 30,577,349 -52.737
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 225,560,762 288,757,308 -21.885
Gross Profit (Loss) 61,901,078 112,192,257 -44.825
Operational Profit (Loss) 36,852,019 81,449,850 -54.754
Net Profit (Loss) Attributable to Shareholders of the Issuer 44,773,367 87,920,490 -49.075
Total Comprehensive Income Attributable to Shareholders of the Issuer 45,028,965 87,504,166 -48.54
Total Shareholders Equity (after Deducting Minority Equity) 1,807,470,367 1,882,634,198 -3.992
Profit (Loss) per Share 0.32 0.63
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The main reason for the decrease in sales for the current quarter compared to the same quarter of the previous year is:
• A decrease in sales volume for the current quarter.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The main reason for the decrease in net profit for the current quarter compared to the same quarter of the previous year is:
• A decrease in sales volume for the current quarter and increase in the cost of sales due to higher fuel prices, despite a decrease in general and administrative expenses and decrease in selling and marketing expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The main reason for the decrease in sales for the current quarter compared to the previous quarter is:
• A decrease in sales value for the current quarter due to a decrease in sales volume and decrease in average selling price.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The main reason for the decrease in net profit for the current quarter compared to the previous quarter is:
• A decrease in sales value for the current quarter due to a decrease in sales volume and decrease in average selling price.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The main reason for the decrease in sales for the current period compared to the same period of the previous year is:
• A decrease in sales volume and decrease in the average selling price for the current period.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The main reason for the decrease in net profit for the current period compared to the same period of the previous year is:
• A decrease in sales volume and decrease in the average selling price for the current period and increase in the cost of sales due to higher fuel prices, despite a decrease in general and administrative expenses and decrease in selling and marketing expenses.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items Some comparative figures have been reclassified to conform with the current period's presentation.
Additional Information -
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Saudi Industrial Development Company (SIDC)announces its Interim Consolidated Financial Results for the period ending on 30/06/2026 (Six Months)
Sunday 09/08/202617:13:24 PMRead moreSaudi Industrial Development Company (SIDC)announces its Interim Consolidated Financial Results for the period ending on 30/06/2026 (Six Months)
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 20.56 28.07 -26.754 22.34 -7.967
Gross Profit (Loss) 4.24 4.93 -13.995 2.41 75.933
Operational Profit (Loss) -11.64 -7.34 58.583 -11.02 5.626
Net Profit (Loss) Attributable to Shareholders of the Issuer -13.06 -8.3 57.349 -11.63 12.295
Total Comprehensive Income Attributable to Shareholders of the Issuer -12.15 -10.34 17.504 -10.01 21.378
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 42.89 52.23 -17.882
Gross Profit (Loss) 6.65 7.94 -16.246
Operational Profit (Loss) -22.67 -16.54 37.061
Net Profit (Loss) Attributable to Shareholders of the Issuer -24.69 -17.74 39.177
Total Comprehensive Income Attributable to Shareholders of the Issuer -22.16 -19.72 12.373
Total Shareholders Equity (after Deducting Minority Equity) 116.61 54.04 115.784
Profit (Loss) per Share -0.82 -1.31
All figures are in (Millions) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The decrease in sales/revenues is mainly attributable to the decrease in sales of the mattresses and foam segment.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit is mainly attributable to the decrease in operating profit, due to the recognition of higher impairment in asset values, and the decrease in gross profit resulting from the decrease in sales.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in sales/revenues is mainly attributable to the decrease in sales of the mattresses and foam segment.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit is mainly attributable to the decrease in operating profit, due to the recognition of higher impairment in asset values.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The decrease in sales/revenues is mainly attributable to the decrease in sales of the mattresses and foam segment and the sanitary ware segment.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decrease in net profit is mainly attributable to the decrease in operating profit, due to the recognition of higher impairment in asset values, and the decrease in gross profit resulting from the decrease in sales.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) Material Uncertainty Related to Going Concern
We draw attention to Note (2-2) to the accompanying condensed consolidated interim financial statements, which indicates that the Group incurred a net loss of SAR 24.3 million and generated negative operating cash flows during the six-month period ended 30 June 2026, as the actual results were below the previous forecasts. Furthermore, as at 30 June 2026, the Group had a debit balance in the foreign currency translation reserve of SAR 52 million and a debit balance in the reserve for changes in the fair value of investments of SAR 133 million. These events or conditions, together with the other matters set forth in Note (2-2), indicate that material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.
Other Matter
The condensed consolidated interim financial statements of the Group for the three-month and six-month periods ended 30 June 2025 were reviewed by another auditor, who expressed a qualified conclusion thereon in their report dated 21Rabi’ Al-Awwal 1447H, (corresponding to 13 September 2025). The Group’s consolidated financial statements for the year ended 31 December 2025 were also audited by the same auditor, who expressed an unmodified opinion thereon in their report dated 19 Shawwal 1447H, (corresponding to 7 April 2026).
Reclassification of Comparison Items Certain comparative figures as of 1 January 2025 have been restated, as disclosed in Note No. (16) to the accompanying interim condensed consolidated financial statements.
Additional Information The weighted average number of shares for the purpose of calculating earnings/loss per share has been determined in accordance with the requirements of International Accounting Standard No. (33) “Earnings per Share”, taking into consideration the impact of the capital reduction during 2024 and the capital increase through a rights issue during 2025. The comparative figures for the previous period have also been adjusted only for calculating earnings/loss per share purposes, to reflect the accounting impact associated with the rights issue. The new shares were included in the weighted average number of shares from the date of receipt of the capital increase proceeds.
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Saudi Fisheries Co. Announces to its esteemed shareholders who hold paper share certificates to deposit their shares in their investment portfolios
Sunday 09/08/202617:10:45 PMRead moreSaudi Fisheries Co. Announces to its esteemed shareholders who hold paper share certificates to deposit their shares in their investment portfolios
Tadawul-
Element List Explanation
Announcement Detail With reference to the Saudi Fisheries Company announcement published on Tadawul on 22/2/1448 H corresponding to 05/08/2026 G regarding the Thirteen Extraordinary General Assembly Meeting (No. 13) (First Meeting) (EGM) which includes voting on the recommendation to increase the Company’s capital through rights issue. The Company would like to urge its valued shareholders who still hold paper share certificates to promptly deposit their shares in their investment portfolios. This step will facilitate their participation in the Rights Issue upon securing the Extraordinary General Assembly ’s approval.
In this regard, the Company requests its shareholders holding paper share certificates to fill out the Edaa form, attaching a copy of the valid ID and a copy of the power of attorney (if any), along with a copy of the proxy’s ID, and submit it to their respective brokerage companies.
Note: This announcement is intended solely for the shareholders of the Company who still have paper share certificates. On the other hand, other shareholders who already have investment portfolios do not need to take any action.
The Edaa form can be obtained from the attachment.
In the event of an inquiry, you may call phone No.:
(0114167800) during office hours from Sunday to Thursday from 09:00 am. to 05.00 p.m. Inquiries about Assembly Agenda may also be sent through email:
Email Ir@alasmak.com.sa
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Morabaha Marina Financing Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:10:27 PMRead moreMorabaha Marina Financing Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 38,534,427 52,975,079 -27.259 46,692,435 -17.471
Gross Profit (Loss) 27,784,404 43,060,776 -35.476 35,561,307 -21.869
Operational Profit (Loss) -23,983,795 -2,202,632 988.869 -3,169,971 656.593
Net Profit (Loss) Attributable to Shareholders of the Issuer -22,874,600 -1,243,840 1,739.03 -3,509,973 551.703
Total Comprehensive Income Attributable to Shareholders of the Issuer -22,874,600 -1,046,882 2,085.021 -3,509,973 551.703
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 85,226,862 105,142,775 -18.941
Gross Profit (Loss) 63,345,711 83,280,869 -23.937
Operational Profit (Loss) -27,153,766 1,094,869 -
Net Profit (Loss) Attributable to Shareholders of the Issuer -26,384,574 2,975,926 -
Total Comprehensive Income Attributable to Shareholders of the Issuer -26,384,574 3,172,884 -
Total Shareholders Equity (after Deducting Minority Equity) 802,963,932 833,685,753 -3.685
Profit (Loss) per Share -0.38 0.04
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Revenue decreased by 27.26% to reach SAR38.53 million during the current quarter compared to the corresponding period of the previous year, mainly due to the decrease in financing amounts granted to customers, in addition to the impact of non-performing loans.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit by 1,739.03% to a net loss of SAR22.87 million during current quarter compared to corresponding period in prior year is due to the decrease in revenues, and an increase in impairment losses, partially offset by a decrease in losses from the subsidiary (Loop).
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenue decreased by 17.47% to reach SAR38.53 million during the current quarter compared to the previous period, primarily due to the decrease in financing amounts granted to customers in addition the impact of non-performing loans.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit by 551.70% to a net loss of SAR22.87 million is due to a decrease in revenues and an increase in impairment losses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenue decreased by 18.94% to reach SAR85.23 million during the current period compared to the corresponding period of the previous year, mainly due to the decrease in financing amounts granted to customers, in addition to the impact of non-performing loans.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decrease in net profit to a net loss of SAR26.38 million during current period compared to corresponding period in prior year is due to the decrease in revenues, and an increase in impairment losses, partially offset by a decrease in losses from the subsidiary (Loop).
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items In accordance with IAS 8, management has restated the comparative figures to adjust prior year consolidated financial statements:
1- Reclassification of transaction cost amortization from special commission expenses to special commission income,aligning with IFRS 9 effective interest method requirements.
2- Reclassification of repossessed assets held for sale back to Islamic financing receivables, as the company had not completed the foreclosure process nor obtained control over the underlying collateral.
These disclosures strengthen the transparency of the company’s financial reporting and ensure compliance with applicable IFRS requirements.
Additional Information 1- In accordance with IAS 8, management has restated the comparative figures to adjust prior year consolidated financial statements:
A. Separate disclosure of special commission income received, in accordance with IAS 7 “Statement of Cash Flows”, as this was not previously disclosed separately and the related movement was included within the movement of Islamic financing receivables
2- The company revised its ECL assumptions to reflect heightened geopolitical uncertaintyresulting in an additional ECL charge of SAR 544,555 for the six-month period ended 30 June 2026.
3- IFRS 18, effective from 1 January 2027, will replace IAS 1 and has not been early adopted by the company. Based on management’s preliminary assessment, its adoption is expected to affect the presentation, classification, aggregation, disaggregation and disclosure of financial information, without affecting total profit or equity. Financing income and related funding costs are expected to be classified within the operating category, as Islamic financing represents the company’s specified main business activity. The company continues to assess the remaining impacts, including management-defined performance measures, cash flow presentation, comparative information and other consequential amendments.
These disclosures strengthen the transparency of the company’s financial reporting and ensure compliance with applicable IFRS requirements. -
Gulf General Cooperative Insurance Company Announces the Insurance Authority’s Approval for the Renewal of Its Annual Qualification to Practice Health Insurance Activities
Sunday 09/08/202617:10:07 PMRead moreGulf General Cooperative Insurance Company Announces the Insurance Authority’s Approval for the Renewal of Its Annual Qualification to Practice Health Insurance Activities
Tadawul-
Element List Explanation
Announcement Detail Gulf General Cooperative Insurance Company announces that it has received, on Thursday, 23/02/1448H (corresponding to 06/08/2026G), the Insurance Authority's approval to renew the Company's qualification to practice health insurance activities for a period of one year, effective from 09/08/2026 until 08/08/2027. The approval is subject to the Company's insurance license remaining valid and its continued compliance with the minimum network requirements for healthcare service providers. -
Kingdom Holding Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:09:48 PMRead moreKingdom Holding Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 631,455 623,078 1.344 573,402 10.124
Gross Profit (Loss) 349,156 351,833 -0.76 304,109 14.812
Operational Profit (Loss) 621,730 653,979 -4.931 493,879 25.887
Net Profit (Loss) Attributable to Shareholders of the Issuer 333,233 405,103 -17.741 268,881 23.933
Total Comprehensive Income Attributable to Shareholders of the Issuer 13,331,454 2,847,098 368.247 -1,539,381 -
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,204,857 1,364,587 -11.705
Gross Profit (Loss) 653,265 850,457 -23.186
Operational Profit (Loss) 1,115,609 1,349,309 -17.319
Net Profit (Loss) Attributable to Shareholders of the Issuer 602,114 836,713 -28.038
Total Comprehensive Income Attributable to Shareholders of the Issuer 11,792,073 5,244,639 124.84
Total Shareholders Equity (after Deducting Minority Equity) 68,157,468 43,140,168 57.99
Profit (Loss) per Share 0.16 0.23
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason of the increase in revenue during the current quarter compared to the same quarter of the last year is due to increase in Hotels and other operating revenues. Despite of decrease in Dividend income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason of the decrease in the net profit during the current quarter compared to the same quarter of the last year is due to decrease in Gain of sale of equity-accounted investee, decrease in Dividend income, increase in Withholding and income tax, decrease in Gain on sale of investment property, increase in General, administrative and marketing expenses, increase in Hotels and other operating costs and increase in Zakat. Despite of increase in Other gains-net, increase in Share of results from equity-accounted investees, increase in Hotels and other operating revenues and decrease in Financial charges-net.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the increase in revenue during the current quarter compared to the previous quarter of the current year is due to increase in Hotels and other operating revenues. Despite of decrease in Dividend income.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason of the increase in the net profit during the current quarter compared to the previous quarter of the current year is due to increase in Other gains-net, increase in Hotels and other operating revenues and decrease in Financial charges-net. Despite of increase in Withholding and income tax, decrease in Share of results from equity-accounted investees, increase in General, administrative and marketing expenses, increase in Hotels and other operating costs, decrease in Dividend income and increase in Zakat.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason of the decrease in revenue during the current period compared to the same period of the last year is due to decrease in Dividend income. Despite of increase in Hotels and other operating revenues.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason of the decrease in the net profit during the current period compared to the same period of the last year is due to decrease in Dividend income, decrease in Gain of sale of equity-accounted investee, decrease in Gain on sale of investment property, increase in Hotels and other operating costs, increase in Withholding and income tax, increase in General, administrative and marketing expenses and increase in Zakat. Despite of increase in Other gains-net, increase in Hotels and other operating revenues, increase in Share of results from equity-accounted investees and decrease in Financial charges-net.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items N/A
Additional Information Please refer to the attached Earnings Release for further details.
Kingdom Holding Company will be hosting an Earnings Call on Monday 10th of August 2026 at 4:00p.m. KSA Time to present its financial results for the period ended 30 June 2026.
For Earnings Call participation, please follow the invitation link provided in the attached Earnings Release or email us at investor.relations@kingdom.com.sa -
Northern Region Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202617:09:28 PMRead moreNorthern Region Cement Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 248,372 180,773 37.394 175,844 41.245
Gross Profit (Loss) 57,274 54,874 4.373 45,190 26.74
Operational Profit (Loss) 38,248 32,123 19.067 28,307 35.118
Net Profit (Loss) Attributable to Shareholders of the Issuer 19,409 13,188 47.171 11,685 66.101
Total Comprehensive Income Attributable to Shareholders of the Issuer 19,459 10,475 85.766 11,598 67.778
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 424,216 325,825 30.197
Gross Profit (Loss) 102,464 101,656 0.794
Operational Profit (Loss) 66,555 59,253 12.323
Net Profit (Loss) Attributable to Shareholders of the Issuer 31,094 21,007 48.017
Total Comprehensive Income Attributable to Shareholders of the Issuer 31,057 23,042 34.784
Total Shareholders Equity (after Deducting Minority Equity) 2,293,180 2,275,255 0.787
Profit (Loss) per Share 0.17 0.12
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The increase in sales during the current quarter compared to the same quarter of the previous year, was mainly attributable to higher sales volumes resulting from the commencement of operations of certain overseas investments.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The increase in net profit during the current quarter compared to the same quarter of the previous year, was mainly attributable to the increase in sales.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in sales during the current quarter compared to the previous quarter, was mainly attributable to higher sales volumes resulting from the commencement of operations of certain overseas investments.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The increase in net profit during the current quarter compared to the previous quarter, was mainly attributable to the increase in sales.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in sales during the current six-month period compared to the same period of the previous year, was mainly attributable to higher sales volumes resulting from the commencement of operations of certain overseas investments.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The increase in net profit during the current six-month period compared to the same period of the previous year, was mainly attributable to the increase in sales.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items N/A
Additional Information - -
Red Sea International Company Announces the Submission of Its Application to the Capital Market Authority to Increase the Company's Capital through a Rights Issue
Sunday 09/08/202617:09:09 PMRead moreRed Sea International Company Announces the Submission of Its Application to the Capital Market Authority to Increase the Company's Capital through a Rights Issue
Tadawul-
Element List Explanation
Introduction With reference to the company’s announcement dated 27-09-1447H corresponding to 16-03-2026G regarding the Board of Directors’ recommendation to increase the company’s capital from 482,673,830 Saudi Riyals to 762,673,830 Saudi Riyals through a rights issue offering of 28,000,000 ordinary shares, with a nominal value of 10 Saudi Riyals per share and a total offering value of 280,000,000 Saudi Riyals.
The company announces that it submitted its capital increase request to the Capital Market Authority (CMA) on 23-02-1448H corresponding to 06-08-2026G.
Date of Submitting the Application File to CMA 2026-08-06 Corresponding to 1448-02-23
Application Subject Increasing the capital of Red Sea International Company through a rights issue worth SAR 280,000,000
Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website 2026-03-16 Corresponding to 1447-09-27
Additional Information The company will announce any future developments in this regard in due course.
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Announcement by SNB Capital for the availability of the semiannual reports of the assets of AlAhli REIT Fund 1 for the period ending on 2026-06-30
Sunday 09/08/202617:08:44 PMRead moreAnnouncement by SNB Capital for the availability of the semiannual reports of the assets of AlAhli REIT Fund 1 for the period ending on 2026-06-30
Tadawul-
Element List Explanation
Introduction SNB Capital announces that semiannual evaluation reports of the assets of AlAhli REIT Fund 1 for the period ending on 2026-06-30 , corresponding to ,1448-01-15 prepared by Accredited Valuer / Valuers are available, according to the policy of Fund Asset Evaluation stated in the Terms and Conditions.
A copy of the reports can be found in the attachments -
Correction announcement from The Company for Cooperative Insurance (TAWUNIYA) in regards to the invitation of its shareholders to attend the Extraordinary General Meeting which includes the increase of the company’s capital (First Meeting) via modern technology means
Sunday 09/08/202616:04:04 PMRead moreCorrection announcement from The Company for Cooperative Insurance (TAWUNIYA) in regards to the invitation of its shareholders to attend the Extraordinary General Meeting which includes the increase of the company’s capital (First Meeting) via modern technology means
Tadawul-
Element List Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website 2026-08-06 Corresponding to 1448-02-23
Hyperlink to the Previous Announcement Click Here
Incorrect statements in the previous announcement Board of Directors of The Company for Cooperative Insurance (TAWUNIYA) is pleased to invite its shareholders to attend the Extraordinary General Meeting which includes the increase of the company’s capital (First Meeting), on Thursday 21 Rabi' al-Awwal 1448h corresponding to 03 September 2026, at 07 p.m. to discuss the attached agenda.
Correct Statement Board of Directors of The Company for Cooperative Insurance (TAWUNIYA) is pleased to invite its shareholders to attend the Extraordinary General Meeting which includes the increase of the company’s capital (First Meeting), on Thursday 21 Rabi' al-Awwal 1448h corresponding to 03 September 2026, at 07 p.m. to discuss the attached agenda.
Additional Information The Change is in the Arabic Version only
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Almoosa Health Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202616:03:45 PMRead moreAlmoosa Health Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 405.6 349 16.217 348.3 16.451
Gross Profit (Loss) 132.5 112.1 18.198 97 36.597
Operational Profit (Loss) 52.2 56.2 -7.117 40.1 30.174
Net Profit (Loss) Attributable to Shareholders of the Issuer 38.5 68 -43.382 23.5 63.829
Total Comprehensive Income Attributable to Shareholders of the Issuer 39 69.9 -44.206 25.1 55.378
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 753.9 671.9 12.204
Gross Profit (Loss) 229.5 210.9 8.819
Operational Profit (Loss) 92.3 107.8 -14.378
Net Profit (Loss) Attributable to Shareholders of the Issuer 62.1 135.2 -54.068
Total Comprehensive Income Attributable to Shareholders of the Issuer 64.2 137.2 -53.206
Total Shareholders Equity (after Deducting Minority Equity) 1,961.8 1,908.4 2.798
Profit (Loss) per Share 1.4 3.07
All figures are in (Millions) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Almoosa Health Company recorded record revenue of SAR 405.6 million in Q2 2026, representing a 16.2% year-on-year increase compared to SAR 349.0 million in Q2 2025, marking the highest quarterly revenue in the Company’s history. This growth was supported by diversified performance across the Company’s operating segments, with Rehabilitation recording year-on-year growth of 28.1%, followed by Pharmaceuticals at 16.1%, while the Acute Care segment grew by 14.1%.
Revenue growth was primarily driven by higher patient volumes across the Company’s network, with outpatient visits increasing by 27.0% year-on-year and inpatient volumes growing by 5.5% in Q2 2026. Performance also benefited from the continued expansion of the Company’s specialty service offerings and broader clinical capabilities, enabling it to capture increasing demand across its healthcare network.
Revenue was further supported by the continued ramp-up of the two newly opened large medical centers, which progressively increased their utilization levels and contributed incremental patient volumes during the quarter. Overall, this performance reflects sustained demand for the Company’s services, continued diversification of its revenue base, and the growing contribution of its expanded healthcare network to the Company’s growth.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The Company’s net profit for Q2-26 amounted to SAR 38.5 million, compared to SAR 68.0 million in Q2-25, a decrease of 43.3%. This decline occurred despite continued top-line growth, with revenue rising 16.2% year-on-year to SAR 405.6 million. The reduction in net profit was primarily non-cash in nature and was mainly driven by a swing in the fair value of derivative financial instruments, which moved from a gain of SAR 16.2 million in Q2-25 to a loss of SAR 9.0 million in Q2-26 — an unfavourable, non-cash mark-to-market swing of SAR 25.2 million between the two periods.
Excluding the impact of derivative gains and losses, adjusted net profit for Q2-26 was SAR 47.6 million, compared to SAR 51.8 million in Q2-25, representing a more moderate year-on-year decline of 8.1% and reflecting an improvement in the underlying profitability trend during the second quarter.
The results were further impacted by the initial ramp-up phase and associated operating costs of new medical centres, such as an increase in general and administrative expenses that are relatively fixed in nature, reflecting the Company’s continued investment in its operational infrastructure and the expansion of its service platform.
Despite the decline in net profit, the Company maintained robust performance across its core operations, with revenue increasing by 16.2% year-on-year to SAR 405.6 million with Rehabilitation recording year-on-year growth of 28.1%, followed by Pharmaceuticals at 16.1%, while the Acute Care segment grew by 14.1%.
Revenue growth was further supported by higher outpatient volumes, the continued expansion of specialty medical services, and the ongoing ramp-up of the newly opened medical centres. Gross Profit Margin also improved by approximately 0.5 percentage points. However, operating margins remained under pressure during the quarter, primarily due to costs associated with the ramp-up phase of the newly opened large outpatient medical centres, which impacted net profit.
Excluding the impact of the non-cash gain/(loss) on derivative financial instruments, the Company’s core business fundamentals remain strong. Management remains focused on sustaining its growth trajectory, driving patient volumes at the newly opened centres, and enhancing operational efficiencies across the group in the coming quarters, without compromising on the quality of care and service offered to patients.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Q2 2026 revenue reached a record SAR 405.6 million, representing a 16.4% increase from the previous quarter. The quarter-on-quarter growth was driven by higher patient volumes, greater utilisation of core medical specialties, and the continued expansion of clinics across the Company’s medical centers and hospitals as demand continued to strengthen. The increase also reflects the seasonal impact on Q1 performance, which was affected by Ramadan and Eid-related seasonality, resulting in comparatively lower activity levels during the first quarter. Against this lower seasonal base, Q2 benefited from a recovery in patient activity and stronger utilisation across the network.
While Q2 continued to experience a degree of seasonal impact due to the Eid Al-Adha holiday falling within the quarter, the Company nevertheless delivered record quarterly revenue, highlighting the resilience of underlying demand and the strength of its operating platform. Importantly, Q2 2026 marked the highest quarterly revenue in the Company’s history, highlighting the continued strength of underlying demand and the growing contribution of the Company’s expanding healthcare network.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit for Q2 2026 amounted to SAR 38.5 million, compared to SAR 23.5 million in Q1 2026, representing an increase of 63.9% quarter-on-quarter. The improvement was supported by the recovery in activity levels following the seasonal impact of Ramadan and Eid, which affected patient volumes and operating activity during Q1. Q2 also benefited from higher patient volumes, improved utilisation across the Company’s core medical specialties, and the continued ramp-up of its expanded healthcare network. The quarter delivered record revenue of SAR 405.6 million, the highest quarterly revenue in the Company’s history, providing stronger operating leverage and supporting the sequential improvement in profitability. The increase in net profit reflects the recovery from the seasonally weaker first quarter, together with the continued growth of the Company’s operational footprint and increasing contribution from its medical centers and hospitals.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenues increased by 12.2% to reach SAR 753.9 million for the first half of 2026, compared to SAR 671.9 million for the same period in 2025. This growth was achieved despite temporary headwinds arising from the seasonal impact of Ramadan and Eid, as well as the elevated geopolitical situation in the region. The increase was mainly attributed to strong performance across the Company’s operating segments, with Rehabilitation recording year-on-year growth of 37.3%, followed by Pharmaceuticals at 10.9%, while the Acute Care segment grew by 8.4%. Growth was further supported by higher patient volumes and improved utilization of medical services.
Revenue growth was primarily driven by higher patient volumes across the Company’s network, with outpatient visits increasing by 23.2% year-on-year and inpatient volumes growing by 3.1% in H1 2026.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit declined by 54.1% to SAR 62.1 million in H1 2026, compared to SAR 135.2 million in H1 2025. The decline was primarily driven by a swing in the fair value of derivative financial instruments, which moved from a gain of SAR 32.3 million in H1 2025 to a loss of SAR 22.3 million in H1 2026, resulting in an overall non-cash adverse impact of SAR 54.6 million on the Company’s reported performance. Excluding the impact of gains and losses on derivative financial instruments, adjusted net profit amounted to SAR 84.4 million in H1 2026, compared to SAR 102.9 million in H1 2025, representing a more moderate decline of 18.0%, significantly lower than the reported decline in net profit.
Profitability was further impacted by higher general and administrative expenses, reflecting the Company’s continued investment in its operational infrastructure and the ramp-up of recently opened medical centres. Although revenue increased by 12.2% to SAR 753.9 million, Gross Profit Margin declined by 0.9 percentage points due to the ramp-up of the new medical centres, while operating margins remained under pressure during the period, resulting in lower reported net profit.
Excluding the impact of derivative financial instruments, the Company’s core business fundamentals remain robust. Management remains focused on sustaining the Company’s growth trajectory, enhancing operational efficiencies over the coming quarters, and maintaining disciplined oversight of operating overheads to further improve efficiency and support future margin expansion.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items N/A
Additional Information It should be noted that statutory net income was impacted by a non-cash Mark-to-Market loss on derivative financial instruments. The derivative financial instruments recorded a loss of SAR 22.3 million in H1-26 compared to a gain of SAR 32.3 million in H1-25, resulting in a combined swing of SAR 54.6 million, which materially impacted the year-on-year comparison of reported net profit.
To provide a clearer view of the Company’s underlying operational performance, the adjusted net profit, excluding the impact of gain/(loss) on derivative financial instruments, amounted to SAR 84.4 million in H1-26 compared to SAR 102.9 million in H1-25, a decline of 18.0%, which is significantly moderate than the reported decline in net profit. Excluding this non-cash item, the adjusted net profit margin stood at 11.2% in H1-26 versus 15.3% in H1-25, and adjusted net profit for Q2-26 was SAR 47.6 million, compared to SAR 51.8 million in Q2-25, representing a more moderate year-on-year decline of 8.1% and reflecting the Company’s continued stable operational performance, supported by revenue growth of 12.2% for H1 YoY, despite the impact of overhead costs associated with the ramp-up phase of two newly opened large medical centers.
The company aims to open 4 additional large medical centres and doubling its In-patients capacity in coming years. The current lower profitability is a transient effect of such expansion and the company remains well-positioned to achieve long-term growth and enhanced profitability as these new facilities scale up and reach full operational capacity.
The Board of Directors approved a cash dividend of SAR 0.25 per share, amounting to SAR 11.1 million, for the second quarter of 2026.
Almoosa Health intends to hold an Earnings Call, Monday 10 August 2026, at 3:00 PM (Saudi Time) to address questions from investors and analysts regarding the financial results for H1 2026. Investors can register via the attached invitation.
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Almoosa Health Co. announces the board of director’s decision to distribute cash dividends for Second quarter of the financial year 2026
Sunday 09/08/202616:03:19 PMRead moreAlmoosa Health Co. announces the board of director’s decision to distribute cash dividends for Second quarter of the financial year 2026
Tadawul-
Element List Explanation
Introduction Almoosa Health company announces the decision of the board of directors on August 6, 2026 to distribute cash dividends to shareholders for the Second quarter of the financial year 2026.
Date of the board’s decision 2026-08-06 Corresponding to 1448-02-23
The Total amount distributed SAR 11,075,895
Number of Shares Eligible for Dividends 44,303,580 Shares
Dividend per share SAR 0.25
Percentage of Dividend to the Share Par Value (%) 2.5
Eligibility date 2026-08-13 Corresponding to 1448-02-30
Distribution Date 2026-08-27 Corresponding to 1448-03-14
The name of other official authorities and the details of their non-refusal to the recommendation or decision N/A
Additional Information The Company would like to inform non-resident investors that distribution of cash dividends is subject to a 5% withholding tax, as per the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.
Additionally, the Company urges all shareholders to ensure that their personal and banking information is up to date and that their bank account numbers are linked to their investment portfolios. This will help facilitate the timely deposit of future dividend payments.
For any inquiries or further assistance, please contact the Investor Relations Department using the following contact Details:
Phone: 013 5369666 Ext: 1115
Email:
investor.relations@almoosahealth.com.sa -
ASG Plastic Factory Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Sunday 09/08/202616:03:00 PMRead moreASG Plastic Factory Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )
Tadawul-
lement List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 62,465,308 37,683,847 65.761 56,036,271 11.472
Gross Profit (Loss) 26,135,730 16,601,303 57.431 22,629,316 15.495
Operational Profit (Loss) 14,158,439 6,859,116 106.417 11,493,142 23.19
Net Profit (Loss) Attributable to Shareholders of the Issuer 13,184,951 6,801,510 93.853 10,680,470 23.449
Total Comprehensive Income Attributable to Shareholders of the Issuer 13,184,951 6,801,510 93.853 10,680,470 23.449
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 118,501,579 85,698,906 38.276
Gross Profit (Loss) 48,765,046 36,633,207 33.117
Operational Profit (Loss) 25,651,581 16,560,834 54.893
Net Profit (Loss) Attributable to Shareholders of the Issuer 23,865,421 16,532,690 44.352
Total Comprehensive Income Attributable to Shareholders of the Issuer 23,865,421 16,532,690 44.352
Total Shareholders Equity (after Deducting Minority Equity) 172,532,533 155,364,612 11.05
Profit (Loss) per Share 3.39 2.35
All figures are in (Actual) Saudi Arabia, Riyals
Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The Group achieved a 66% increase in revenue during the second quarter of 2026, reaching SAR 62.5 million, compared to SAR 37.7 million in the second quarter of 2025. This positive performance was driven by:
- Higher sales volumes as a result of increased demand for the Group's products.
- Higher operating rates and greater utilization of the available production capacity.
- Growth in revenue from the Pipes and Fittings segment, driven by strengthened market presence and an increased market share.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The Group's net profit increased by 94% to reach SAR 13.2 million in the second quarter of 2026, compared to SAR 6.8 million in the second quarter of 2025. This increase was primarily attributable to:
- Strong revenue growth driven by higher sales volumes and improved operating performance.
- Improved profit margins resulting from enhanced operational efficiency and better cost management.
- Improved performance of the subsidiary compared to the corresponding period of the previous year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The Group achieved an 11% increase in revenue during the second quarter of 2026, reaching SAR 62.5 million, compared to SAR 56 million in the first quarter of 2026. This positive performance was driven by:
- Higher revenue resulting from increased demand and higher sales volumes, supported by continued strong demand during the current quarter, which coincided with the summer season, a period that typically experiences increased demand for the Packaging segment's products.
- Expansion of production capacity and enhanced ability to meet demand, which positively contributed to revenue growth.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The Group's net profit increased by 23% to reach SAR 13.2 million in the second quarter of 2026, compared to SAR 10.7 million in the first quarter of 2026. This positive performance was driven by:
- Higher revenue and improved operating margins, resulting from increased production efficiency and the Group's continued initiatives to optimize and control costs.
- Expansion of production capacity and greater utilization of the available operating capabilities, which supported profit growth.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The Group achieved a 38% increase in revenue during the first half of 2026, reaching SAR 118.5 million, compared to SAR 85.7 million in the first half of 2025. This positive performance was driven by:
- Higher revenue resulting from increased demand and higher sales volumes, supported by the Group's continued strong operating performance throughout the first half of the year.
- Expansion of production capacity and increased operating capacity at the Group's manufacturing facilities, enabling it to meet growing demand and support revenue growth.
- The Group's continued efforts to strengthen its market presence and expand its customer base.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The Group's net profit increased by 44% to reach SAR 23.9 million in the first half of 2026, compared to SAR 16.5 million in the first half of 2025. This increase was primarily attributable to:
- Higher net profit driven by revenue growth and improved operating performance during the period.
- The continued implementation of efficiency enhancement initiatives and operational improvements, which contributed to stronger profit margins.
- The benefits of expanded production capacity and an improved ability to meet growing demand.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information For more information regarding the financial results for the period, please refer to the attached document.