Saudi marketUpdated November 9

Al-Babtain’s Q3 profit rose 16.7% year over year.

Al-Babtain Energy and Communications’ preliminary results for the period ended September 30, 2026, put third-quarter net profit at 148.5 million riyals, up from 127.3 million a year earlier. The company attributed the year-over-year increase to lower administrative, marketing and financing costs. Against the previous quarter, though, profit eased about 2%, from 151.6 million riyals, and revenue fell from 809.9 million to 788.5 million. The company attributed that revenue decline to geopolitical effects and supply-chain disruption. For the first nine months, net profit reached 443.4 million riyals, up 41.5% from the same period in 2025.

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Coverage started November 9