Saudi Central Bank Issues Second Annual Report For Finance Companies 2021

  • 2/5/2023
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Riyadh, July 21, 2022, SPA -- The Saudi Central Bank (SAMA) issued its second annual report on the performance of the Saudi financing sector. The report outlined the developments and findings in the financing sector, in addition to the financial results for the year 2021. This initiative came to reaffirm SAMA's commitment to providing accurate and up-to-date information about the performance of national finance companies. The report focused on key elements of the statement of financial position and income statement of national finance companies in 2021, as well as the overall sector's financial portfolio, profitability, return on investment, and leverage ratios. Furthermore, it categorized the financing portfolios of individuals and of micro-, small and medium-sized enterprises (MSME), and provided information on non-performing loans, size of new funds, Saudization ratio in managerial positions, and the number of employees in the financing companies. --SPA 20:59 LOCAL TIME 17:59 GMT 0026 www.spa.gov.sa/w1764901

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