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Saudi Arabia's new mortgage financing hits 27.5 billion riyals in five months
Saudi Arabia experienced a decline in the volume of new residential mortgage financing for individuals during the first five months of 2026, decreasing by 42.35% year-over-year to reach 27.5 billion riyals, compared to 42.5 billion riyals in the same period of 2025. The value of financed contracts also fell by 24.5% to 34,300 contracts. Funding provided by banks and finance companies dropped by 43.3%, totaling 26.45 billion riyals, down from 41.44 billion riyals in the same period last year. Meanwhile, financing from finance companies saw a slight increase of 2.04%, reaching 1.04 billion riyals, with the number of financed contracts from these companies rising by 1.94% to approximately 1,156,000 contracts.
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