All-time high mortgage volumes boosting Saudi economy: KPMG

Arab News | Sep 28, 2021 at 12:24 PM
  • A booming mortgage market has helped fuel economic growth in Saudi Arabia this year.
  • Industry-wide total assets were SR 53 billion ($14.2 billion) by end of fiscal year 2020, and there was an outstanding loan book, on and off-balance sheet, of approximately SR54 billion ($14.5 billion).
  • At the end of 2020, equity and liabilities totaled SR53 billion of which, liabilities accounted for 63 percent, while capital and reserves represented 27 percent and 10 percent, respectively.