HomeInvestmentSalam International Nine-Month Profit Rises 3% to QR76.5 Million as Third-Quarter Earnings...

Salam International Nine-Month Profit Rises 3% to QR76.5 Million as Third-Quarter Earnings Fall 11.6%

Salam International Investment, the Doha-listed conglomerate with interests in retail, contracting, real estate and energy, said net profit for the first nine months of 2026 rose 3.06% to 76.458 million Qatari riyals.

That compared with QR74.181 million in the same period of 2025, according to figures the company published on the Qatar Stock Exchange website on Sunday, the Qatar News Agency reported. Earnings per share rose to QR0.067 for the period ended September 30, from QR0.065.

Salam International executives and guests cut a cake at the group's 70th anniversary celebration in Doha
Salam International executives and guests mark the group’s 70th anniversary at a celebration in Doha in December 2022. Photo: Gulf Times

Third-quarter net profit fell 11.6% from a year earlier, CNBC Arabia reported, citing lower revenue, higher impairment provisions on financial and contract assets and a drop in finance income.

Revenue for the nine months fell 1.7% to about QR1.3 billion, according to the report.

Impairment provisions on financial assets and contract assets rose to about QR14.5 million in the nine months, from about QR5 million a year earlier.

Profit before tax rose to about QR81.9 million, while income tax expense fell to about QR2.7 million, supporting the nine-month result, CNBC Arabia said.

Salam International reported an 11.7% rise in first-half net profit to QR52.172 million in August.