Arabian Cement Company’s net profit attributable to shareholders fell 57% to SR28 million in the third quarter of 2026, from SR65.5 million a year earlier, the Saudi cement maker said on Sunday.
Operating profit dropped 78% to SR15.4 million from SR68.7 million in the same quarter last year, according to the company’s preliminary results reported by Maaal.
The company cited a lower average selling price at the parent company as the main reason for the drop in quarterly profit, the Saudi daily Alyaum reported.
For the first nine months of 2026, net profit rose 8% to SR118 million from SR110 million.
Earnings per share for the nine months were SR1.18, compared with SR1.10 a year earlier.
The results came on a day when Saudi Arabia’s benchmark index closed 2.65% lower at its weakest level since March 2021.
