The Saudi Central Bank (SAMA) released the annual performance report for the real estate finance and refinancing sector for the year 2023.

The report highlights the sector's developments and financial results for the year 2023. The report highlights the sector's developments and financial results during the year 2023, as the consolidated capital of the sector increased by approximately 6% to reach 15.5 billion riyals, while the consolidated net profit reached 1.7 billion riyals.

The report shows an increase in the consolidated capital of the sector by approximately 6% to reach 15.5 billion riyals. The report showed a rise in the total assets of the finance companies sector by 13% to reach 64.2 billion riyals, a rise in the total financing portfolio by 12% to reach 84.7 billion riyals, and the total assets of the real estate finance sector increased by 48% to reach 31 billion riyals.

The report showed a rise in the total assets of the finance companies sector by 13% to reach 64.2 billion riyals, and a rise in the total financing portfolio by 12% to reach 84.7 billion riyals. Financing granted to the individual sector accounted for the largest part of the total net financing portfolio with 77%, while financing granted to the SME and micro sector amounted to 20% and the corporate sector 3%, and the number of employees in the finance companies sector exceeded 6,000 male and female employees, including 86% Saudi nationals by the end of 2023.

The number of employees in the finance companies sector exceeded 6,000 male and female employees, of which 86% were Saudi nationals by the end of 2023. The annual performance report for the finance and mortgage refinance sector can be viewed by visiting the Bank's website.