Sadirat incurs SAR 3.58M loss in 9M 2026; SAR 1.69M in Q3

Saudi Industrial Exports Co. (Sadirat) reported net losses of SAR 3.58 million for 9M 2026, down from SAR 9.56 million in the year-earlier period.

The decline in losses was driven by lower general and administrative (G&A) expenses in 9M 2026, realized and unrealized gains on investments measured at fair value, compared with losses in the year-ago period, and higher returns on bank Murabaha deposits.

These factors were partially offset by losses from the disposal of property and equipment, lower other income, and higher zakat expenses, which reached SAR 2.32 million following a zakat assessment adjustment of SAR 504,000 for fiscal year 2024.

The company generated no revenue during the period, having suspended its business and operating activities in Q4 2024, saying the resumption of operations remained challenging amid geopolitical conditions, volatile commodity prices and higher transportation costs, and that it would defer restarting operations until prices stabilize and their trends become clearer to safeguard its and its shareholders’ funds.

In Q3 2026, Sadirat narrowed its net losses by 51.5% YoY to SAR 1.69 million, supported by lower G&A expenses, reduced realized and unrealized losses on investments measured at fair value, and gains from the sale of property and equipment.

These factors were partially offset by a zakat expense of SAR 620,000, compared with none in the same quarter a year earlier, alongside lower other income and investment returns.

Sequentially, net losses increased, weighed down by lower realized and unrealized gains on financial investments measured at fair value through profit or loss, as well as lower other income.

The company continued to report no operating revenue in Q3 2026 or the previous quarter, following the suspension of its operating activities in Q4 2024.

Total shareholders' equity, with no minority interest, reached SAR 96.48 million at the end of September 2026, compared with SAR 115.39 million at the end of the same period last year.

View More Financial Results