Personal loans in Saudi Arabia exceed SAR 500 billion: expert

Financial expert Abdulrahman Bubsheet has stated that the volume of personal loans in Saudi Arabia exceeded 500 billion riyals (SAR) by the end of the third quarter of 2026, according to statistics from the Saudi Central Bank.

Speaking in an interview with Al-Saudiya TV, Bubsheet added that this figure demonstrates how personal loans have become a significant part of individuals’ financial activities, noting that many people choose loans because of how quickly they can be obtained.

Bubsheet pointed out that individuals may be drawn to loans promoted on social media platforms without considering the total cost, repayment period, or the obligations that come with such loans.

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