Rayyah Finance Q1 2026 Profit Drops 59

Raya Financing Company's profits declined by 59.09% in the first quarter of 2026, amounting to 8.54 million riyals compared to 20.88 million riyals in the same period of the previous year. This was mainly due to the absence of securitization gains recorded last year, as well as increased credit losses and financing costs. Nonetheless, revenues increased by 37.69% to 135.85 million riyals, driven by the growth in the financing portfolio. Total equity rose by 88.95% to reach 672.34 million riyals. Additionally, earnings per share decreased to 0.26 riyals from 0.63 riyals in the previous quarter.

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