Funding Souq is Officially in Saudi!
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Performance
The chart above and the table below show how facilities originated by Funding Souq perform in a given
year.
| Year | Net Yield |
|---|---|
| 2020 | 12.71% |
| 2021 | 13.00% |
| 2022 | 11.88% |
| 2023 | 10.96% |
| 2024 | 13.00% |
Origination figures
The table below provides additional information including defaults and Non-Performing Loans. Our expected default rate of c.2% is derived from a weighted average approach that gives a higher weight to our recent loans. This approach recognizes the statistical significance of recent data in accurately reflecting current market dynamics and borrower behavior.
| 2020 | 2021 | 2022 | 2023 | Since Inception | |
|---|---|---|---|---|---|
| Total Non-Performing Loans | 0 | 0 | 0 | 2 | 2 |
| Delayed: Past Due (less than 60 days) | 0 | 0 | 0 | 1 | 1 |
| Delayed: Past Due (61-90 days) | 0 | 0 | 0 | 1 | 1 |
| Delayed: Past Due (91-120 days) | 0 | 0 | 0 | 0 | 0 |
| Delayed: Past Due (121-180 days) | 0 | 0 | 0 | 0 | 0 |
| Delayed: Past Due (more than 180 days) | 0 | 0 | 0 | 0 | 0 |
| Defaulted loans (No.) | 0 | 3 | 1 | 2 | 6 |
| Defaulted loans (%) | 0 | 4.5 | 5.4 | 2.8 | 3.7 |
| Defaulted Loans (AED) | 0٫000 | 170٫000 | 132٫000 | 182٫000 | 484٫000 |
Date as of 31th of March 2024, the data will be updated at least on a quarterly basis.