Tasheel CEO Mohamed Galal blamed an AWS outage and a loan administration cut for slower Q2 revenue growth. New products are planned for H2 2026.
United International Holding Co. (Tasheel) Managing Director Mohamed Galal attributed the company's slower Q2 2026 revenue growth to three one-off factors: a week-long Amazon Web Services (AWS) outage, a cut in loan administration services, and a third factor the CEO did not specify in the statement. Galal said the AWS outage disrupted digital payment processing for several days, while the loan administration cut reflected a policy change by a key partner. The third factor, he said, was a temporary operational issue that has since been resolved.
Galal announced that Tasheel plans to launch new products in the second half of the year to recover the revenue shortfall. He did not provide details on the product pipeline or the expected revenue contribution. The company's Q2 revenue grew at a slower pace than the prior quarter, though Galal said the underlying business remains healthy outside the one-off items.
Tasheel provides digital financial services and loan administration in Saudi Arabia. The stock has traded in a narrow range since the Q2 results were released. Investors are waiting for more clarity on the new products and the timeline for the AWS-related disruption to fully unwind.
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