“Kwara” profits jump 576.5% to 10.17 million riyals in the second quarter

The profits of Kwara Finance Company in the second quarter of 2026 jumped by 576.5% to 10.17 million riyals, compared to 1.5 million riyals in the same quarter of last year.

According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit is mainly due to an increase in Murabaha revenues and a decrease in expected credit losses, supported by an improvement in the quality of the financing portfolio.

The increase in net profit on a quarterly basis is mainly due to an increase in Murabaha revenues and a decrease in expected credit losses, supported by an improvement in the quality of the financing portfolio.

During the first half, the increase in net profit is mainly due to an increase in Murabaha revenues and a decrease in expected credit losses, supported by an improvement in the quality of the financing portfolio.

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