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Saudi financing profits up 1.8% in Q2
The profits of financing companies in Saudi Arabia increased by 1.78% during the second quarter of 2026, reaching 916 million Riyals. Their profits for the first half also rose by 10.5% to 1.8 billion Riyals. Additionally, the companies' assets grew to 77.57 billion Riyals, and the value of loans increased by 13.6% to reach 112.89 billion Riyals, with loans mainly concentrated in personal financing, vehicles, and real estate. The assets of the mortgage refinancing and financing sector also recorded a year-on-year increase of 19.36%, with the Saudi Company for Mortgage Refinance seeing a growth of 40.7%.
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