Saudi Tech Firms Post SR12.99bn H1 2026 Revenue

Companies in the Saudi Exchange's software and services sector reported combined revenue of SR12.99 billion in the first half of 2026, a 14.7% increase compared with the same period a year earlier,

The sector's combined net profit reached SR2.14 billion during the first six months of the year, up 4.73% year-on-year. The applications and technology services sector comprises seven listed companies, six of which have fiscal years ending in December, while one — Saudi Azm — closes its financial year on 30 June.

Five companies posted net profits in the period: Elm, Solutions, Toyou (Toby), Al Moammar Information Systems (MIS) and DPS. Arab Sea Information Systems reported a quarterly loss for the same window. Solutions by stc led the sector in revenue, generating about SR6.24 billion, a 9% year-on-year increase.

Telecom sector sets a record

Separately, listed Saudi telecommunications companies recorded a first-half 2026 revenue high of SR55.53 billion, up 3.59% year-on-year. Within that group, stc reported revenue of SR40.11 billion, Mobily SR10.12 billion, and Zain KSA SR5.3 billion.

For residents and businesses across Riyadh, Jeddah and beyond, the results point to steady expansion in the digital services and connectivity that increasingly power daily life — from government platforms and payments to e-commerce and telecom coverage. The figures are reported market statistics and do not introduce any new fees or procedures.

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