TAWUNIYA-

The Company for Cooperative Ins. (Tawuniya) posted SAR 467.4 mn in net income in 2Q 2025, up 1.7% y-o-y, supported by higher ins. results (up 11.2%), improved claims management, and better investment returns (up 12.1%), it said in a disclosure to Tadawul yesterday. The company’s ins. revenue also rose 18.4% y-o-y to SAR 5.2 bn during the quarter, on the back of strong growth across the company’s main sectors and the addition of new clients.

On a 1H basis, net income grew 11.1% y-o-y to SAR 729.1 mn, while ins. revenue was up 17.6% y-o-y to SAR 10.3 bn.

Expansions, expansions: Tawuniya is launching MENA Primary Healthcare, establishing a reins. company, and investing in seven companies within its supply chain, CEO Othman Al Kassabi told Asharq Business.

ADES HOLDING-

Ades Holding’s net income slipped 5.2% y-o-y to SAR 191.7 mn in 2Q 2025, due to higher appreciation ratio and interest expenses, reflecting its expanding fleet, it said in a Tadawul disclosure yesterday. However, revenue inched up 3.5% y-o-y to SAR 1.6 bn, supported by stronger performance from the offshore segment in Egypt, Qatar, India, and Southeast Asia.

On a 1H basis, the company’s bottom line inched down 3.6% y-o-y to SAR 388.4 mn, while its top line dipped a slight 0.3% y-o-y to SAR 3.05 bn.

Of the 13 markets Ades operates in, the Saudi market makes some 60% of the company’s revenue, CEO Mohamed Farouk told Al Arabiya (watch, runtime: 09:01). Meanwhile, contracts in the pipeline amount to SAR 29.7 bn, the highest value ever in Ades’ history, with SAR 4.5 bn of these signed during 1H 2025 alone, and 75% of such transactions are inked with Saudi Aramco.

Dividends: The company’s board greenlit the distribution of SAR 231.2 mn in interim dividends for 1H 2025 at SAR 0.21 apiece, starting 1 September, according to a separate Tadawul disclosure.

DALLAH HEALTHCARE-

Dallah Healthcare saw its net income rise 11.1% y-o-y to SAR 124.3 mn in 2Q 2025, partially due to improved efficiency and operations in its newly acquired hospital in Khobar, it said in a disclosure to Tadawul yesterday. Revenue was also up 38.8% y-o-y up to SAR 1.1 bn, on the back of increased operational capacity and patient numbers, including the acquisition of Al Salam Medical Services Company and Al Ahsa Medical Services Company back in April.

On a 1H basis, the company’s bottom line climbed 21.1% y-o-y to SAR 279.8 mn, while its top line increased 22.3% y-o-y to SAR 1.9 bn.

Dividends: The healthcare provider’s board greenlit the distribution of SAR 50.6 mn in interim dividends for 2Q 2025 at SAR 0.5 per share, according to a separate Tadawul disclosure. Distribution is set for 4 September.

RETAL-

Our friends at Retal Urban Development logged a 5.7% y-o-y decrease in net income to SAR 72.1 mn in 2Q 2025, weighed down by weaker sales and a 71.1% y-o-y rise in SG&A expenses, which was partially offset by SAR 32.7 mn generated from selling some units in a real estate fund, it said in a disclosure to Tadawul yesterday. Revenues rose 5.3% y-o-y to SAR 488.4 mn, driven by a 5.5% y-o-y increase in development contract revenues on the back of higher project completion rates.

On a 1H basis, the company’s bottom line inched up 2.7% y-o-y to SAR 145.9 mn, while its top line grew 9.5% y-o-y to SAR 1.1 bn.

Dividends: The developer’s board greenlit the distribution of SAR 55 mn in cash dividends for 1H 2025 at SAR 0.11 apiece, starting 9 October, according to a separate Tadawul disclosure. The company is deliberately paying out less than its usual 80% of net income in order to strategically reinvest net income for long-term expansion, Executive Director Ammar Al Ghoul told Al Arabiya, adding that this decision is not a reflection of poor performance.

JABAL OMAR DEVELOPMENT-

Jabal Omar Development Company fell to the red with SAR 42.1 mn in net loss in 2Q 2025, compared to SAR 33.3 mn in net income during the same quarter last year, it said in a Tadawul disclosure. The fallout was due to a decline in hotel revenues and the recognition of a SAR 106 property impairment, which were partially offset by lower finance expenses and a reversal of a zakat provision. Revenue also declined 19.7% y-o-y to SAR 501.7 mn.

On a 1H basis, the company recorded SAR 903.9 mn net income, compared to SAR 52.3 mn over the same period last year. Meanwhile, revenue inched up 2.6% y-o-y to SAR 1.2 bn over the same period.

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