Tamara Finance posts 118% surge in 2Q 2026 net income

Tamara Finance Company posted a 118.3% increase in net income to SAR 84 mn in 2Q 2026, the firm said in a financial statement (pdf). Revenue also rose 119% y-o-y to SAR 539.9 mn in the same period, driven by the increase in merchant network revenue and Islamic financing income.

A jump in the first half: Net income in 1H rose 222.5% y-o-y, compared to SAR 64.3 mn in the same period last year. Meanwhile, total revenue increased 177% to SAR 1.38 bn.