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2026-11-11T06:17:28.140Z

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Bidaya profit falls 7.1%

Bidaya profit falls 7.1%

Bidaya Finance Company’s net profit fell 7.07% year on year in the third quarter of 2026 to SAR 6.07 million, and declined 25% from the previous quarter. The company attributed the annual decrease to a 9.84% drop in special commission income from financing and a 125.74% increase in provisions for expected credit losses, despite lower administrative and selling expenses and financing costs. In contrast, the company’s profit for the first nine months of the year rose 10.7% to SAR 16.67 million.

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