The Saudi Central Bank (SAMA) issued its semi-annual performance report of the finance companies sector and real estate refinance for H1 2023. According to the report, most of the indicators in the finance companies sector grew at varying rates in H1 2023. The paid-up share capital increased by 5 percent to SAR 15.36 billion, total assets by 9 percent to SAR 62.36 billion, and total financing portfolio by 7 percent to SAR 80.71 billion. Additionally, the net income of the finance companies sector reached SAR 739 million. In terms of loan portfolio classification, the retail sector accounted for the largest share of 76 percent, followed by MSME sector 21 percent, and the corporate sector 3 percent. https://shorturl.at/ajps5
Source: IBP