Arriyadh Development posts SAR 37.7 million net profit in third quarter
Arriyadh Development reported third-quarter sales of SAR 77.6 million and net profit of SAR 37.7 million, according to Reuters.
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what happened
Arriyadh Development Company published its third-quarter results. Sales came to SAR 77.6 million and net profit to SAR 37.7 million, Reuters reports.
During the quarter the company partly sold off some of its non-strategic land. Its share of profits from associates also rose.
why it matters
For investors this is a report from a small developer with a narrow audience. The land sale and higher associate income are one-off and indirect factors, so one quarter is not enough to judge how sustainable the result is.
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sources
- Arriyadh Development Q3 Profit SAR 37.7 Million — Reuters, 29 October 2026 at 05:24 UTC
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