ANB Q1 Profit Rises 5.5% to SAR 1.3 Bln

Arab National Bank (ANB) reported on Sunday a 5.5% rise in net profit for the first quarter to SAR 1.3 billion, compared with SAR 1.2 billion in the same quarter a year earlier. This came after the announcement today of the preliminary financial results for the (three-month period) ending March 31, 2025.

Total operational profit reached SAR 2.5 billion in the first quarter, a 10% increase from SAR 2.3 billion in the same quarter last year.

Total equity (excluding non-controlling interests) in the three-month period rose 17% to SAR 41.8 billion, compared to SAR 35.8 billion in the same period last year.

Profits per share for the current period stood at SAR 0.65, up from SAR 0.62 in the same period last year.

The bank’s management stated that net special commission income grew by 2.07%, driven by a 13.42% rise in the net loans and advances portfolio and an 8.16% increase in net investments.