Riyad Bank Reports 19.9% Surge in Q1 Profits to SAR 2.4 Billion

Riyad Bank (RIBL) reported on Monday a 19.9% year-on-year increase in net profit for the first quarter, reaching SAR 2.4 billion, up from SAR 2 billion in the same quarter last year. This came after the announcement today of the preliminary financial results for the period ending March 31, 2025 (three months).

Total operational profit in the first quarter grew by 10.2% to SAR 4.5 billion, compared to SAR 4 billion in the same quarter last year.

Total equity (excluding non-controlling interests) reached SAR 61.1 billion during the three-month period, marking a 14.2% increase from SAR 53.5 billion in the same period last year.

Profits per share for the current period rose to SAR 0.79, up from SAR 0.66 in the corresponding period of the previous year.