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The preliminary financial results of Amlak International Finance Company, listed on the Saudi market, revealed that its net profit during the third quarter of 2026 decreased by 9.97% year-on-year, and the net profit attributable to the company’s shareholders amounted to 15.54 million riyals, compared to 17.27 million riyals in the same quarter of 2025, and decreased by 39.11% compared to the previous quarter, according to the company’s data on “Tadawul” on Sunday.
The total income of private commissions from financing increased by 5.87% during the third quarter of this year, reaching 154.58 million riyals, compared to 146 million riyals in the same quarter of the previous year, while it fell by 6.1% on a quarterly basis, compared to 164.62 million riyals in the second quarter of 2026.
The company reported that the increase in the income of special commissions from financing on an annual basis is mainly due to the growth of the loan and advance portfolio by 9.55%, in addition to the improvement in the return on the portfolio during the period, and attributed the decline in net profit to the increase in operating expenses and the increase in the net provision for expected credit losses, partially offset by the increase in the income of private commissions from financing.
Total operating expenses before credit and other losses were allocated by 14.72% to reach SAR 51.88 million, compared to SAR 45.22 million in the same quarter of the previous year, and the net provision for expected credit and other losses increased by 12.93% to SAR 26.46 million, compared to SAR 23.43 million during the comparative quarter.
Amlak International Finance’s net profit increased by 14.75% year-on-year to reach SAR 56.88 million.
In the first nine months of 2026, Amlak International Finance’s net profit increased by 14.75% year-on-year to SAR 56.88 million, compared to SAR 49.57 million during the same period in 2025, and the total income of special commissions from financing increased by 10.01% to SAR 465.93 million, compared to SAR 423.52 million during the comparative period, and the net income of private commissions from financing increased by 18.52% to SAR 301.49 million, compared to SAR 254.37 million.
The company attributed the growth of net profit during the period to the increase in the income of special commissions from financing and the decrease in the cost of financing, partially offset by higher operating expenses and the net provision for expected credit losses.
In the same context, the net provision for expected credit losses and other losses increased by 34.23% to reach SAR 74.8 million, compared to SAR 55.72 million during the same period of the previous year, as a result of the growth of the loan and advance portfolio and the updating of assumptions and methodology for calculating expected credit losses. Earnings per share during the first nine months of 2026 amounted to SAR 0.56, compared to SAR 0.49 during the same period in 2025.
Amlak International is a financing company mainly specialized in mortgage financing in the Kingdom of Saudi Arabia, and is the first company to obtain a license to practice mortgage activity in Saudi Arabia from the Saudi Central Bank (SAMA).
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