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Finance firms see 504% profit increase
The article indicates that financing companies in Saudi Arabia achieved their highest profits in the first quarter of 2026, recording a net income of 882 million riyals, representing a 21.3% increase compared to the same period last year. This marks the highest level of first-quarter profits in seven years. Additionally, data shows an improvement in return indicators, with return on assets rising to 1.16% and return on equity increasing to 2.86%. On the other hand, the sector experienced fluctuations in profits between 2020 and 2025, with significant growth in 2021, followed by a decline and then a rebound in 2026. Since 2020, total profits have grown by 504%. The sector’s financial performance has been characterized by a notable improvement in revenues, with ongoing growth despite quarterly fluctuations, reflecting the recovery of the financial sector and increased profitability of financing companies in the kingdom.
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