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Construction drives 47% of credit rise
The Central Bank report showed that the construction and building sector accounted for 46.6% of the increase in credit granted by financing companies to non-individuals during 2026. Financing directed towards this sector rose by approximately 1.67 billion riyals to reach 8.76 billion riyals, reflecting an annual growth rate of 23.6%. This comes amid an overall increase in credit granted to economic activities by 15.66%, reaching 26.514 billion riyals, with most of the growth concentrated in the construction, services, transportation, and communications sectors. Meanwhile, the industrial, mining, and government sectors saw a decline in their share of credit. The report indicates that construction and building hold the largest share in credit volume, while the transportation and communications sector experienced the fastest growth rate at 33.54%.
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