Saudi Capital Goods Sector Profits Jump 61.4% on Strong Results, New Listings

Profits in Saudi Arabia’s capital goods sector surged by 61.4% in the second quarter of 2025, reaching 928.3 million Saudi riyals (SAR), up from SAR 575.1 million in the same period last year. The strong performance was boosted by solid company results and the addition of two new companies to the main market (Tadawul).

The number of listed companies in the sector increased to 16 from 14 following the transfer of Raoom Trading and Obeikan Glass from the parallel market (Nomu) to the main market. Raoom Trading moved on January 27, 2025, while Obeikan Glass joined on July 21, 2025.

Key highlights from the Q2 2025 results:

• 9 companies increased their profitability.
• Obeikan Glass saw its profits decline by 3.9%.
• Raoom Trading and Amiantit turned to losses after being profitable in the same period last year.
• Saudi Ceramics, Al-Omran, and Batic returned to profitability after reporting losses in Q2 2024.
• SADIRAT narrowed its losses from SAR 9.6 million in Q2 2024 to SAR 5.1 million in the current quarter.

Top Performers:

• Riyadh Cables led the sector in profit value, with earnings of SAR 279.4 million, up from SAR 159.4 million. The company also topped the sector in revenue, with SAR 2,715 million, accounting for 36.9% of the sector’s total revenue.
• Astra Industrial ranked second in profit value with SAR 174.9 million, a modest 3.7% growth.
• Bawan had the highest profit growth percentage, soaring 117.9% to SAR 50.4 million.
• Al-Babtain followed with a 79.9% profit increase, bringing its earnings to SAR 97.7 million.

Overall, the sector’s revenue grew by 19.2% to SAR 7,351.3 million, up from SAR 6,169.4 million. Saudi Cables recorded the highest revenue growth percentage, a stunning 198.6% increase to SAR 30 million.