Bidaya Finance Nine-Month Profit Rises 10.7%
Riyadh, Saudi Arabia — Bidaya Finance posted a net profit of 16.673 million SAR for the nine months ended 30 September 2026, up 10.7% from 15.062 million SAR in the same period a year earlier. Revenue growth and lower finance charges drove the improvement, even as operating costs and credit loss provisions both climbed. The […] The post Bidaya Finance Nine-Month Profit Rises 10.7% appeared first…
Riyadh, Saudi Arabia - Bidaya Finance reported a nine-month profit of 16.673 million SAR, representing a 10.7% increase from 15.062 million SAR in the same period last year. Revenue growth and reduced finance charges contributed to the improvement, despite a rise in operating costs and credit loss provisions. The company's financing commission income increased by 4.72%, reaching 242.393 million SAR, while net income from special commission financing grew 15.74% to 151.477 million SAR. Earnings per share rose to 0.19 SAR from 0.17 SAR.
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