Finance profits reach 8.09M Riyals in Q2 2026

Bidaya Financing Company's profits increased by 29.35% in the second quarter of 2026, reaching 8.09 million riyals compared to 6.26 million riyals in the same period last year. Profits also saw a growth of 222.13% from the previous quarter, which totaled 2.51 million riyals. This rise is attributed to a 16.77% increase in commission income and a 15.21% decrease in financing costs. Additionally, efforts to sell financial portfolios and income from Murabaha contracts contributed to improved operational results and semi-annual profits, which rose to 10.60 million riyals, representing a 24.31% increase, despite an 8% decline in the loan portfolio to 2.43 billion riyals.

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