Tasheel Q2 Profit Falls 20% to SAR 48 Mln

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United International Holding Company (Tasheel) announced on Wednesday reported a 20% decline in net profit to SAR 48 million for the second quarter of 2026, compared with SAR 60 million in the same period last year, according to its preliminary condensed consolidated financial results for the six months ended June 30.

Operating profit fell 18% to SAR 55 million in the second quarter from SAR 67.5 million a year earlier.

For the first half of 2026, net profit declined 4.8% to SAR 113 million, compared with SAR 118 million in the corresponding period of 2025.

Earnings per share stood at SAR 1.38 for the current period, compared with SAR 1.39 a year earlier.