Raoom Trading posts SAR 4.5 million Q3 net loss on fair value losses
Saudi firm Raoom Trading reported a third-quarter net loss of SAR 4.5155 million on sales of SAR 27.00079 million, according to Reuters.
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what happened
Saudi trading company Raoom Trading Company SJSC posted a third-quarter net loss of SAR 4.5155 million, Reuters reported. Sales for the quarter came to SAR 27.00079 million.
The company said the quarter saw a rise in the volume of goods sold. The loss was driven by fair value revaluation of financial assets, which resulted in losses of SAR 8.74 million.
why it matters
The report concerns a small issuer, so its effect on broader markets should be limited. For the company's investors, the key point is that higher sales did not offset the revaluation losses.
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instruments
sources
- Raoom Trading Q3 Profit SAR -4.5 Mln — Reuters, 8 November 2026 at 06:51 UTC
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