Alinma Bank Q1 profit rises 15% to SAR 1.5 Bln

Alinma Bank announced on Tuesday a 15% rise in first-quarter net profit to SAR 1.5 billion, up from SAR 1.3 billion a year earlier in the same quarter last year. This came after today’s announcement of the preliminary financial results for the (three-month) period ending March 31, 2025.

Total operational profit in the first quarter rose 10% to SAR 2.8 billion from SAR 2.5 billion in the same quarter last year.

Total equity (excluding non-controlling interests) stood at SAR 42.9 billion in the three-month period, compared to SAR 39.3 billion in the same period last year, a 9% increase.

Profits per share for the current period rose to SAR 0.54 from SAR 0.51 in the same period last year.

The Bank stated that the rise in net income was driven by a 9.7% increase in total operating income, mainly from higher net financing and investment income and foreign exchange income. This was partially offset by lower income from banking services fees, fair value investment valuation income, and other operating income