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SGS Swings to 28.6M SAR Loss in Nine Months

Riyadh, Saudi Arabia — Saudi Ground Services Co. (SGS) reported a net loss of 28.6 million SAR for the nine months ending September 30, 2026, compared to a net profit of 298.5 million SAR in the same period a year earlier. Revenue fell 7.4% to 1.89 billion SAR. A sharp drop in operational activity, rising […] The post SGS Swings to 28.6M SAR Loss in Nine Months appeared first on The Saudi…

We haven't written up this one. The Saudi Standard has the full story — the link below goes straight to it.

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Saudi Enaya Posts 37.8M SAR Nine-Month Loss

Riyadh, Saudi Arabia — Saudi Enaya Cooperative Insurance posted a net loss of 37.834 million SAR for the nine months ending September 30, 2026.

  • Saudi Enaya Cooperative Insurance reported a 37.834 million SAR nine-month net loss.
  • Loss attributed to soaring claims, expanding technical reserves, and deferred premium revenue.
  • Auditors warn of substantial uncertainty and potential demise of the firm.

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