Earnings

Finance & Capital Market Industry, Logistics & Shipping

GCC Q1 corporate profits hit record high on strong energy, banking earnings

Sun, 07 Jun 2026

Aggregate net profits reported by companies listed on GCC exchanges rose 15.5% year-on-year in the first quarter to a record quarterly high of $67.9 billion, up from $58.8 billion, said a report. This growth was mainly due to stronger earnings from energy companies, particularly Saudi Aramco.