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Published 2 years ago

Saudi Home Loans’ first-quarter profit up slightly to $8.6m

Summary

Author: Sun, 2022-05-22 10:32 RIYADH: Saudi Home Loans, a Shariah-compliant real estate lending firm, earnings were boosted by gains from hedging against future changes in interest cost. First-quarter profit rose by 9.8 percent to SR32.4 million ($8.6 million), against SR29.5 million in the same period a year ago, according to a bourse filing.

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Saudi Home Loans’ first-quarter profit up slightly to $8.6m

Author: Sun, 2022-05-22 10:32 RIYADH: Saudi Home Loans, a Shariah-compliant real estate lending firm, earnings were boosted by gains from hedging against future changes in interest cost. First-quarter profit rose by 9.8 percent to SR32.4 million ($8.6 million), against SR29.5 million in the same period a year ago, according to a bourse filing. “The reason for the increase is due to recognized gain from the increase in the fair value of the fi…

2 years ago·Riyadh, Saudi Arabia

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