Bank Albilad Reports 18.4% Increase in Net Profit, Reaching SAR 2.8 Billion by End of 2024

Bank Albilad announced a net profit increase of 18.4%, reaching SAR 2.8 billion by the end of 2024, compared to SAR 2.3 billion in the previous year. The announcement follows the release of the bank’s annual financial results for the fiscal year ending December 31, 2024.

Key Financial Highlights:

• Total Operating Profit: SAR 5.6 billion (+6.9% YoY)
• Total Shareholders’ Equity (Excluding Non-Controlling Interests): SAR 16.6 billion (+9.4% YoY)
• Earnings Per Share: SAR 2.26, up from SAR 1.91 in 2023