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Retail brief
Sunday, 1 November 2026 · Jumada I 21, 1448 AH |
Stores, spending and the Gulf consumer Monitoring window: 00:00 on 31 Oct to 06:00 on 1 Nov, Riyadh time
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Retail in Saudi Arabia · 1 min read
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Nahdi Medical lifts Q3 net profit 6.6% to 171.8m riyals |
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The bottom line
RiskElectricity and water tariff changes from January 2027 lift store costs; Othaim puts its hit near 0.5% of revenue. WatchNahdi's 9.4% revenue growth came with a lower gross margin, signalling mix pressure in health retail.
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Markets
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Brent crude
117.64 $/barrel ▲ 2.4%
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Gold
3,874.40 $/oz ▼ 3.5%
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Saudi market index (TASI)
9,921.50 points
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S&P 500
7,580.07 points ▼ 1.8%
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30 Oct close (Saudi market index (TASI): 29 Oct)
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The lead story
Othaim Markets expects tariff changes to add costs of about 0.5% of revenue
What happened Its preliminary estimate is that electricity, water and sewage tariff changes effective 1 January 2027 will raise annual operating costs by about 0.5% of total revenue, showing from Q1 2027.
Why it matters The same tariffs touch store operating costs for other Retail companies; Othaim is first to disclose an estimate.
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◆ Sector leaders
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Nahdi Medical Q3 net profit rises 6.6% to 171.8m riyals
Revenue rose 9.4% year on year to 2.69bn riyals, with healthcare sales up 23.9% and regional operations up 31.4%, while gross margin fell on segment mix. The shares rose 7.48% to 89.10 riyals after the results.
Why it matters: It sets a benchmark for pharmacy and health retailers, though quarter-on-quarter profit fell 20.2% on segment mix.
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◆ Regulation
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ZATCA bars transit trucks from stopping in cities without notice
ZATCA's October transit guide requires intact tracking devices, a Fasah account and an approved customs broker; 'Gulf destination' shipments pay duties at the first Saudi entry point.
Why it matters: It bears on Retail companies moving goods through the Kingdom to other Gulf markets.
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◆ Saudi Arabia: security & major events
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◆ Worth reading
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◆ On the radar
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◆ Sun 1 Nov: OPEC+ monthly meeting on oil output levels OPEC ◆ Fri 1 Jan: Electricity, water and sewage tariff adjustments take effect Mubasher
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For this brief we read 51 stories and chose 5.
Ijaz selects and summarizes the news with AI and can get things wrong. Check the source before relying on a story. Report any error to hello@ijaz.ai.
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