Saudi Company for Hardware (SACO) Posts Q3 Net Loss of 15.7 Million Riyals
Saudi Company for Hardware reported a third-quarter net loss of 15.7 million riyals on revenue of 214.6 million riyals, according to Reuters.
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what happened
Saudi Company for Hardware (SACO) reported a net loss of 15.7 million riyals for the third quarter, according to Reuters. Revenue for the same period came in at 214.6 million riyals.
why it matters
The report concerns a niche Saudi listing, so its effect on broader markets is limited. A loss alongside sizeable revenue points to margin pressure, though these figures alone do not show whether it is a one-off.
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sources
- SACO Hardware Posts Q3 Loss — Reuters, 8 November 2026 at 14:09 UTC
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