RIYADH — The Saudi Central Bank (SAMA) issued the Annual Performance Report of the Saudi Finance Companies Sector 2022.

The report outlines the sector’s key developments and financial results in 2022.

According to the report, most indicators in the finance companies sector grew at varying rates in 2022.

The paid-up share capital increased by 0.6% to SR14.64 billion, net income by 3.3% to SR1.86 billion, and total assets by 6.5% to SR57.02 billion.

Total finance portfolio rose by 10.8% to SR75.45 billion.

In terms of loan portfolio classification, the retail sector accounted for the largest share of 76%, followed by MSME sector 21% and corporate sector 3%. — SPA