Saudi Banks’ Q1 2025 Profits Rise 19.4% to SAR 22.2 Billion

A survey conducted by Maaal revealed that the net profits of the 10 Saudi banks listed on the Saudi Stock Exchange rose by 19.4% to SAR 22.2 billion in Q1 2025, compared to SAR 18.6 billion in Q1 2024.

The Saudi National Bank (SNB) topped the list of most profitable banks, achieving net profits of SAR 6 billion, compared to SAR 5 billion in Q1 2024. Alrajhi Bank came in second, achieving SAR 5.9 billion, compared to SAR 4.4 billion in the first quarter of 2024.

Riyad Bank ranked third, with net profits of SAR 2.4 billion, compared to SAR 2 billion in Q1 2024. This was followed by the Saudi Arabian Awwal Bank (SAB), which achieved profits of SAR 2.13 billion, compared to SAR 2.04 billion in Q1 2024. Alinma Bank then reported profits of SAR 1.5 billion, compared to SAR 1.3 billion in the same quarter of the previous year. Banque Saudi Fransi (BSF) achieved profits of SAR 1.3 billion, compared to SAR 1.1 billion in the first quarter of last year.

According to the monitoring, the Arab National Bank (ANB) recorded profits of SAR 1.3 billion, compared to SAR 1.2 billion in the same quarter of last year. Bank Albilad ranked eighth, achieving profits of SAR 700 million, compared to SAR 643 million in the same quarter of 2024. The Saudi Investment Bank recorded profits of SAR 503 million, compared to SAR 442 million in the same quarter of 2024. Finally, Bank AlJazira achieved profits of SAR 361 million, compared to SAR 300.4 million in the same quarter of last year.

When looking at the performance of banks in terms of growth rate, Alrajhi Bank led with a growth rate of 34%, followed by Bank AlJazira with a growth rate of 20.2%, then Riyad Bank with a growth rate of 19.9%, and then the Saudi National Bank (SNB) with a growth rate of 19.4%.

Banque Saudi Fransi (BSF) achieved a growth rate of 16.3%, Alinma Bank recorded a growth rate of 14.7%, while the Saudi Investment Bank recorded a growth rate of 13.7%, and Albilad Bank recorded a growth rate of 8.9%, followed by the Arab National Bank (ANB) with 5.5%, and then the Saudi Awwal Bank (SAB) with 4.5%.