Snam Holding Wins 970,000 Dinars, Up 160% in the First Half
Snam Holding Group announced its financial results for the period ended June 30, reporting a net profit of 970,000 dinars, compared to 373,400 dinars during the same period last year, representing a growth of 160 percent. This increase was primarily driven by the positive performance of affiliated companies, which had a favorable impact on the group’s financial results during the period.
Earnings per share reached 4.2 fils, compared to 2.19 fils in the corresponding period last year. Total assets rose to 26.18 million dinars as of June 30, up from 15.15 million dinars in the same period last year, while shareholders’ equity stood at 25.78 million dinars, compared to 12.82 million dinars, reflecting the group’s strong financial position and its continued implementation of its growth strategy.
In this context, Bandar Sulaiman Al-Jarallah, Chairman of the Board of Directors, stated: “The first-half results reflect the group’s positive performance and the success of its approach to building diversified investments in strategic sectors, thereby enhancing its ability to deliver sustainable value to shareholders and support long-term growth.”
For his part, Dr. Sulaiman Al-Abdulkader, Vice Chairman and Chief Executive Officer, said: “We will continue to focus on developing the group’s investments, enhancing the operational performance of its companies, and exploring promising investment opportunities aligned with our strategic direction, in order to support sustainable growth and strengthen the group’s regional standing.”
During the first half of 2026, Snam Holding Group continued to implement its strategy aimed at strengthening its investment portfolio and expanding its investments in strategic sectors. The group also continued to develop its platforms in the healthcare, education, real estate, and innovation sectors, while exploring new investment opportunities consistent with its growth plans. Additionally, it maintained its efforts to enhance governance, sustainability, and investor relations practices to support the achievement of its strategic objectives.
The group reaffirmed its commitment to continuing its growth plans through the development of its current investments and the exploration of high-quality investment opportunities, while maintaining a disciplined investment approach focused on delivering sustainable value to shareholders.
