Easy profits jump 205.3% to 14 million riyals in the first quarter

The profits of Sahl Finance Company jumped in the first quarter of 2025 by 205.3% to 14 million riyals, compared to 4.6 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, this improvement is due to an increase in profit rates on new loans, as well as high income from private commissions and a decrease in the cost of borrowing, which led to an increase in net profit.
The company achieved a net profit of 14.09 million riyals during the current quarter compared to 12.64 million riyals in the previous quarter, registering an increase of 11.4 %.
This height is due to an increase in profit rates on new loans as well as high income from private commissions and a low cost of borrowing, which led to an increase in net profit.