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Fakeeh Care
Dr. Soliman Abdel Kader Fakeeh Hospital (Fakeeh Care) posted a 29.5% y-o-y decline in net income to SAR 57.9 mn in 2Q 2026, according to a Tadawul disclosure. Revenue fell 1.6% to SAR 798.9 mn.
The main reasons: The decline in net income was driven by higher depreciation and amortization at DSFH Madinah, one-off transaction costs related to acquisitions and new projects, pre-operating expenses for Medical Center Al Awali in Makkah, and higher finance costs.
Net income in 1H declined 37.6% to SAR 96.3 mn from SAR 154.3 mn a year earlier. Revenue, meanwhile, increased 0.7% to SAR 1.52 bn.
Tanmiah Food
Tanmiah Food’s net income rose to SAR 19 mn in 2Q, compared with SAR 0.5 mn a year earlier, according to a Tadawul filing. Revenue also rose 21.5% y-o-y to SAR 789.2 mn in the same period.
Agribusiness led growth: The company attributed this improvement to pricing and the ongoing Popeyes turnaround that lifted earnings. Agribusiness revenue rose across key segments, with fresh poultry up 17.5% y-o-y and animal feed and health products up 37.2%. Restaurant operations revenue, meanwhile, rose 23.1%, supported by stronger like-for-like sales.
1H net income declined 8.2% y-o-y to SAR 17.8 mn, despite a 14.6% increase in revenue to SAR 1.52 bn. This decline was mainly driven by higher financing and ramp-up costs linked to the company’s expansion program, alongside higher feed, logistics, ins., selling, and distribution expenses.
Al Mawarid
Al Mawarid Manpower reported a 54.5% increase in net income to SAR 50 mn in 2Q, while revenue rose 25.4% to SAR 783.2 mn, according to a Tadawul filing. The growth was driven by a 16% increase in average workforce and stronger demand across corporate and individual segments.
Net income in 1H reached SAR 102.2 mn, up 64% y-o-y, while revenue increased 27.1% to SAR 1.54 bn.
Saudi Ground
Saudi Ground Services swung to a net loss of SAR 56.6 mn in 2Q 2026 from SAR 99.4 mn a year earlier, according to a Tadawul disclosure. Revenue also fell 7.8% y-o-y to SAR 635.1 mn.
1H income nearly wiped out: For 1H 2026, the company posted net income of just SAR 3.9 mn, down 98% y-o-y from SAR 197 mn. Revenue, meanwhile, declined 3.9% to SAR 1.31 bn.
Behind the decline: The company attributed the decline to lower operational activity and SAR 130.8 mn in higher operational expenses related to maintaining readiness and resources for the Hajj and Umrah season. This impact was partially offset by a decrease in zakat expenses by SAR 39.3 mn compared to the same period last year.
Saudi Manpower
Saudi Manpower Solutions reported a 51.1% y-o-y increase in its net income to SAR 44.6 mn in 2Q 2026, according to a Tadawul disclosure. Revenue rose by 11.1% to SAR 570.7 mn during the same period. The performance was attributed to greater demand in the individuals segment, lower provisions for supplier payment losses, higher other income, and lower losses from the firm’s investments in Waad Khadmat Al Munzal for Marketing.
The half-year performance told the same story, with the net income climbing by 33.1% y-o-y to SAR 93.2 mn, while the revenue increased by 11.5% y-o-y to SAR 1.13 bn.
