Riyadh – Mubasher: Saudi Home Loans Company (SHL) generated net profits worth SAR 95.88 million in 2022, lower by 7.08% year-on-year (YoY) than SAR 103.19 million.
Earnings per share (EPS) stood at SAR 0.96 last year, compared to SAR 1.03 in 2021, according to the annual income statements.
Assets declined by 1.72% YoY to SAR 4.32 billion in 2022 from SAR 4.40 billion. Meanwhile, the company’s investments amounted to SAR 892,850, unchanged from the January-December 2021 period.
In the first nine months (9M) of 2022, Saudi Home Loans registered 3.68% lower net profits at SAR 80.04 million, versus SAR 83.10 million in the year-ago period.
Notably, the Tadawul-listed company recently appointed Yuosef bin Abdullah Al Shelash and Obaid bin Abdullah Al Rasheed as the board’s new Chairman and Vice Chairman, respectively.
