Mohammed Al-Mutairi

Net losses at nine Saudi-listed petrochemical companies fell by more than 50% year over year to SAR 1.7 billion in the first half of 2026. Four companies posted profits, led by SABIC Agri-Nutrients, while Yansab and Saudi Industrial Investment Group recorded the strongest profit growth. Saudi Kayan, Tasnee and SABIC reported the largest losses. The improvement reflected greater operating efficiency, stronger results from some associates and joint ventures, and fewer impairment-related losses, but weaker sales volumes, supply-chain disruptions, higher input costs and weaker equity investments continued to weigh on results. Analysts expect a gradual and uneven second-half recovery, dependent on demand, feedstock and energy costs, excess capacity, shipping conditions and geopolitical developments.

Saudi Arabia’s listed telecommunications companies generated record first-half 2026 revenue of SAR55.53 billion, up 3.59% year on year, while combined net profit for the three major operators rose 2.33% to SAR9.5 billion. stc accounted for 72.2% of sector revenue despite a slight profit decline, while Mobily and Zain KSA reported significant earnings growth. Experts attributed the results to strong demand, operational improvements and restructuring, while noting rising investment and capital costs. Future growth is expected to come increasingly from cloud computing, data centers, cybersecurity, artificial intelligence, Internet of Things services and enterprise digital platforms rather than traditional voice and data services.

Regulatory restrictions were lifted on a major Al Akaria land plot in northern Riyadh, restoring the company’s ability to develop or invest the 30,000‑square‑meter asset. Experts said the decision enhances strategic flexibility but noted that its real economic value depends on forthcoming development or investment plans. The move signals stability in the broader Saudi real estate sector, though no immediate financial impact is expected. Al Akaria is evaluating optimal uses for the land as part of its strategy to raise asset efficiency and address obstacles affecting other restricted properties.