Saudi paper house profits rose 61.36% in the first half, supported by cardboard sales

Paper House Company, listed on the Saudi parallel market, recorded a 61.36% increase in net profits during the first half, for the period ending June 30, 2026, compared to the same period in 2025, in light of the growth in cardboard sales.

The company’s results revealed on the Saudi Stock Exchange website “Tadawul” today, Monday, that net profits increased to 10.85 million riyals in the first half of the current year, compared to profits amounting to 6.73 million riyals in the same period of the year.

the past.

The company's results for the first half of 2026 showed an increase in total sales/revenues by 29.01% to 59.76 million riyals, compared to 46.32 million riyals, during the same period last year.

Al-Tayseer Talco Industrial Group (Talco) announced the latest developments regarding the signing of a non-binding memorandum of understanding with the Eastern Aluminum Extrusion Factory Company, to acquire 60% of its capital shares.

The Canadian dollar rose to its highest level in two weeks

Against its US counterpart on Monday, bond yields also rose, after local data showed inflation accelerating at a pace exceeding expectations, while investors await an important deadline for imposing new US tariffs on Canadian goods.

Canada's annual inflation rate accelerated to 3% in July, slightly above expectations, as gasoline prices rose again on renewed tensions between the United States and Iran, along with increased travel costs.

Tourism, according to data released on Monday.