The shares of Sahl Finance, trading in the Saudi market, “Tadawul”, increased by 0.51% during trading today, Monday, to trade at the price of 19.90 riyals per share, achieving its highest level in 17 months.
The trading on the shares of Sahl Finance Company at that time came through 141.38 thousand shares with a value of trading 2.81 million riyals.
The highest price for the share at that time was at 19.96 riyals, while the lowest price was at 19.80 riyals, to touch the highest price in a year and 5 months.
“Sahl Finance” achieved a record growth in its net profits during the year 2024, driven by improving returns from loans and increasing private commission revenues, compared to the previous year.
The company’s financial statements showed that net profits increased to 26.53 million riyals, compared to 2.33 million riyals in 2023, representing a jump by 1040.5%.
The company attributed this exceptional growth to the high rates of profit on new loans, in addition to the increase in the income of private commissions, which formed one of the main engines of financial performance.
She also clarified that the total income of private commission for financing amounted to about 359.5 million riyals, compared to 305.5 million riyals in the previous year, an increase of 17.67%.
