Yaqeen Capital Reports SAR 4.38M Net Profit in the Six Months 2026
YAQEEN 9602.SA | 0.00 |
On 2026-08-17 08:00:25 (Saudi Time), Yaqeen Capital Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 36,967 | 47,358 | -21.941 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 4,376 | 12,824 | -65.876 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 288,953 | 291,683 | -0.935 | ||
| Profit (Loss) per Share | 0.17 | 0.5 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
Revenue decreased by 22%, from SAR 47.36 million in June 2025 to SAR 36.97 million in June 2026. This decrease was mainly attributable to the negative impact of weaker financial market performance on certain services.other services increased and contributed positively, as follows:
- Management and subscription fees from mutual funds increased by 50%, following the launch of several funds during the first half of 2026.
- Gains on investments at fair value through profit or loss increased by 265%.
- Dividend income increased by 48%.
- Brokerage commission income decreased by 21%, due to the performance of the financial markets, which affected trading volumes.
- Advisory services income from the Investment Banking Department decreased by 76%, due to the impact of the financial markets’ performance on offering requests during the first half of 2026.
-Special commission income decreased by 39%, representing income from Murabaha placements.
-Special commission income decreased by 52%, representing income from Murabaha financing. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
Net income decreased by 66%, from SAR 12.82 million during the six-month period ended 30 June 2025 to SAR 4.38 million during the same period in 2026. This decrease is primarily attributable to a 22% decline in revenues.
Net operating income also decreased by 51%, from SAR 16.33 million in June 2025 to SAR 7.94 million in June 2026, as a result of the 22% decrease in revenues. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | NA |
| Additional Information | NA |
Year-on-Year Performance Drivers
Sales declined 21.941% YoY from SAR 47.36 million to SAR 36.97 million, primarily driven by weaker financial market performance, which caused brokerage commission income to fall 21%, advisory services income from the Investment Banking Department to drop 76%, and special commission income from Murabaha placements and financing to decrease 39% and 52%, respectively. Partially offsetting these declines were increases in management and subscription fees from mutual funds (+50% following new fund launches), gains on investments at fair value through profit or loss (+265%), and dividend income (+48%). Net profit attributable to shareholders fell 65.876% YoY from SAR 12.82 million to SAR 4.38 million, primarily due to the 22% revenue decline, which also drove a 51% decrease in net operating income from SAR 16.33 million to SAR 7.94 million.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97645&anCat=1&cs=9602&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.