Saudi Arabia .. “Amlak” shares rises to the highest price in two months

Amlak International Finance Company shares raised in the Saudi market “Tadawul” by 7.31% during trading today, to trade at 12.18 riyals per share, achieving its highest price in two months.

The trading on the share of Amlak International Finance at that time came through 1.69 million shares with a value of trading 20.52 million riyals.

The highest price for the share at that time was at 12.48 riyals, while the lowest price was at 11.39 riyals per share, to touch the highest price in two months and 29 days.

The initial financial results of Amlak International Finance showed a noticeable increase in its net profits during the second quarter of 2025, where it recorded a growth of 147.66% compared to the same period last year.

The net profit increased on a quarterly basis by 71.13%.

The company reported that the net profit after zakat and tax amounted to 20.39 million riyals, compared to 8.23 million riyals in the second quarter of 2024, while the net profit in the first quarter of this year reached 12 million riyals.

The company attributed this growth in the profits to several factors, most notably the high income of private commissions resulting from financing, despite the increase in the cost of financing and operational expenses, in addition to the high net purpose of expected credit losses.

And the income of private commissions of financing during the second quarter of this year achieved 139.32 million riyals, compared to 105.13 million riyals in the same quarter of last year, an increase of 32.52%.

This rise is mainly due to the growth of the loan and predecessor portfolio by 9.56%, as well as improving the return on the wallet.

During the first half of 2025, the company’s net profit reached 32.30 million riyals, compared to 16.84 million riyals in the same period in 2024, recording 92%growth.