Riyadh — Mubasher: Yaqeen Capital Company reported a 65.88% plunge in net profit to SAR 4.38 million during the first half (H1) of 2026 from SAR 12.82 million in H1-25, according to the income statements.
The financial services firm attributed the downturn to a 22% decrease in total revenues, which reached SAR 36.97 million in H1-26 compared to SAR 47.36 million a year earlier.
The company stated that advisory income from investment banking services plunged 76% due to the impact of market performance on offering mandates.
Brokerage commission income also fell 21% as trading volumes weakened.
Additionally, income from Murabaha financing operations decreased by 52% in January-June 2026 on an annual basis.
Despite the overall decline, Yaqeen Capital saw a 50% increase in management and subscription fees following the launch of several new investment funds.
Gains from investments at fair value through profit or loss rose 265%, while cash dividend income grew 48%.
Operating income for the six-month period ended on 30 June 2026 stood at SAR 7.94 million, a 51% decrease from SAR 16.33 million in H1-25.
Earnings per share (EPS) dropped to SAR 0.17 in H1-26 from SAR 0.50 in H1-25, while total shareholders' equity remained relatively stable at SAR 288.95 million.
