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Sahl's Q2 profit reaches 16.54M riyals
The financial results of Sahl Financing Company showed an increase in its net profits in the second quarter of 2026 by 38.7% year-on-year, reaching 16.54 million riyals compared to 11.9 million riyals in the same period last year. Additionally, its quarterly profits increased by 12.06%. The decline in current quarter profits compared to the first quarter is attributed to a rise in the provision for expected credit losses. Total assets grew by 5.07% to reach 4.89 billion riyals, with the loan portfolio increasing by 4.34% to 4.69 billion riyals. In the first half of the year, the company achieved a 35.9% increase in net profits, reaching 35.35 million riyals, driven by growth in the financing portfolio and improved profits from new loans. Provisions for credit losses also increased by 76.13%, reflecting the company's commitment to covering potential credit risks.
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