{
  "id": 19116014,
  "title": "Maharah HR Profit Falls 26% Despite Revenue Surge",
  "url": "https://urgent.news/2026/11/09/maharah-hr-profit-falls-26-despite-revenue-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T07:17:24.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/11/09/maharah-hr-profit-falls-26-percent-despite-revenue-surge/"
  },
  "original_language": "en",
  "account": "Maharah Human Resources Co. saw its net profit plummet 26.07% year-over-year to SAR 45.39 million in Q3 2026, despite revenue climbing 20.28% to SAR 949.87 million. The decline was driven by lower associate earnings and higher operating costs. However, over the nine months to September 30, 2026, the company's net profit rose 18.27% to SAR 177.70 million, with revenue increasing 24.25% to SAR 2,803.05 million. The auditor issued a qualified opinion due to the valuation uncertainty around Maharah's associate, Saudi Medical Systems Company, which contributed significantly less to earnings in Q3 compared to the previous year.",
  "summary": "Riyadh, Saudi Arabia — Maharah Human Resources Co. reported a sharp drop in quarterly net profit even as revenue climbed at a double-digit pace. Net profit attributable to shareholders fell 26.07% year-on-year to 45.39 million SAR in Q3 2026, down from 61.40 million SAR in the same quarter last year. A steep decline in associate […] The post Maharah HR Profit Falls 26% Despite Revenue Surge…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}