‎Al Rashid sees strong H1 demand, overseas sales up 30%: CEO

Mohammad Al Humaid, CEO and Managing Director of Al Rashid Industrial Co., said demand for the company’s products was strong and growing in H1 2025, in line with operating plans and supported by rising industrial activity in Saudi Arabia as well as growth in packaging and consumer products.

He told Argaam that production improved in H1 2025 with utilization reaching 80% of capacity, while profit growth was driven by higher revenues alongside efficiency gains from plant upgrades, new production lines, and product launches that boosted sales volumes.

Al Humaid said sales were led by the central and western regions, with stronger year-on-year (YoY) growth in the central and eastern regions, adding that expansion in GCC and North African markets lifted exports, which rose nearly 30%.

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On the jewelry box plant in Qassim, he said infrastructure was upgraded and production halls reorganized to enter new packaging segments, with financial impact expected from H2 2026.

The CEO said Al Rashid is focused on boosting efficiency and cutting costs in H2 2025 while pursuing sustainable growth opportunities, noting that continued government support for the industrial sector, particularly on expat labor fees, will have a significant impact.

Al Rashid Industrial’s profit rose 23% to SAR 21.5 million in H1 2025, compared with SAR 17.5 million a year earlier, according to Argaam’s data.

Mohammad Al Humaid, CEO and Managing Director of Al Rashid Industrial Co., said demand for the company’s products was strong and growing in H1 2025, in line with operating plans and supported by rising industrial activity in Saudi Arabia as well as growth in packaging and consumer products.

He told Argaam that production improved in H1 2025 with utilization reaching 80% of capacity, while profit growth was driven by higher revenues alongside efficiency gains from plant upgrades, new production lines, and product launches that boosted sales volumes.

Al Humaid said sales were led by the central and western regions, with stronger year-on-year (YoY) growth in the central and eastern regions, adding that expansion in GCC and North African markets lifted exports, which rose nearly 30%.

On the jewelry box plant in Qassim, he said infrastructure was upgraded and production halls reorganized to enter new packaging segments, with financial impact expected from H2 2026.

The CEO said Al Rashid is focused on boosting efficiency and cutting costs in H2 2025 while pursuing sustainable growth opportunities, noting that continued government support for the industrial sector, particularly on expat labor fees, will have a significant impact.

Al Rashid Industrial’s profit rose 23% to SAR 21.5 million in H1 2025, compared with SAR 17.5 million a year earlier, according to Argaam’s data.