GCC corporate profits surge to record $74.8bn as oil boosts earnings
- GCC-listed companies achieved a record net profit of $74.8 billion in Q2 2026, marking a 31.3% year-on-year increase.
- The profit surge was primarily driven by the energy and banking sectors amid rising crude oil prices.
- Saudi Arabia led profit growth in the region, with net profits from listed companies rising 36.7% to $45.3 billion.
- Aggregate revenues for GCC-listed companies increased 17% year-on-year to $381.6 billion.
