Marble Design Factory Posts Quarterly Net Loss of 2.8 Million Riyals
Marble Design Factory reported a quarterly net loss of 2.8 million riyals on sales of 4.9 million, citing weaker demand and transfer-related costs.
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what happened
Marble Design Factory posted a quarterly net loss of 2.8 million riyals, according to Reuters. Quarterly sales reached 4.9 million riyals.
The company said lower demand, higher general and administrative expenses, and other costs linked to its transfer to the main market weighed on the quarter.
why it matters
For the wider market this is a routine report from a small company, so its impact is limited. Still, the transfer costs show that moving to the main market can temporarily hurt reported results.
tags
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sources
- Marble Design Factory Qtrly Net Loss 2.8 Million Riyals — Reuters, 8 November 2026 at 05:37 UTC
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