The net profit of United International Holding Company (Tasheel) fell by 20.3% in the second quarter of 2026 to SAR 48.22 million, compared to SAR 60.49 million in the same quarter of the previous year.

The company said in a statement on "Saudi Tadawul" that the decline in net profit for this quarter is mainly due to slower growth of the financing portfolio amid market conditions, in addition to the company continuing to implement initiatives aimed at strengthening the operational structure to support the long-term growth strategy.

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For the first half of 2026, the company recorded a net profit of SAR 112.6 million, compared to SAR 118.3 million in the same period of the previous year, a decrease of 4.8%. This decline is mainly attributed to slower growth of the financing portfolio under market conditions, along with the company continuing to enhance its operational capabilities to support the long-term growth strategy.