| Market: Main Market | Tadawul Code : 1183 | ISIN Code: SA15HG50IFH7 | Sector : Financials |
SHL Financing Company (SHL) is one of the leading real estate finance companies in the Saudi market. It specializes in Sharia'a compliant residential mortgages and provides multiple financing products and solutions for both retail and commercial customers that suits their needs and in compliance with laws and regulations in Saudi Arabia.
SHL is among the first real estate financing companies that believed in propagating the residential mortgages and support home ownership from its inception. It has strong presence in the Saudi Arabia mortgage market since 2008 especially in key cities.
SHL provides strategic support from its shareholders and business partners in the financial and real estate sectors. It is the most profitable company among Non-Bank Mortgage Companies with an annual growth rate of 40% in net profit the last years. It is the largest real estate finance company in the market of Saudi Arabia with a strong and secured residential portfolio. It focuses on fully digital channels for the loan origination process. It has suitable leverage levels which allows the company for future planned growth in line with market needs.
| Share data | |
| Key Figures (SAR Thousands) | 2021 | 2022 | 2023 |
| STATEMENT OF INCOME | |||
| Total operating income | 291,387 | 299,133 | 303,233 |
| Total operating expenses | 172,375 | 201,191 | 300,342 |
| Net income before zakat and income tax | 119,011 | 97,942 | 2,890 |
| Net income after zakat and income tax | 103,196 | 95,890 | 2,326 |
| STATEMENT OF FINANCIAL POSITION | |||
| Total assets | 4,404,684 | 4,328,829 | 4,383,358 |
| Total liabilities | 2,714,750 | 2,620,111 | 2,722,705 |
| Total equity | 1,689,934 | 1,708,718 | 1,660,653 |
| STATEMENT OF CASH FLOWS | |||
| Net cash generated from operating activities | 322,446 | 147,642 | 164,622 |
| Net cash used in investing activities | (1,424) | (349) | (2,047) |
| Net cash used in financing activities | (243,940) | (288,430) | (125,150) |
| Cash and cash equivalents at end of the year | 183,984 | 42,847 | 80,272 |
