SAIB Q2 Profits Rise to SAR 512.5 Mln, up 5.4%

The Saudi Investment Bank (SAIB) announced on Wednesday a net profit of SAR 512.5 million during the second quarter of 2025, compared to SAR 486.4 million in the same quarter last year, an increase of 5.4%. This came after the announcement today of the estimated financial results for the (six-month) period ending June 30, 2025.

Total operational profit reached SAR 1.06 billion in the second quarter of 2025, compared to SAR 1.02 billion in the same quarter of the previous year, an increase of 4.6%.

Profits per share reached SAR 0.68 in the current quarter, compared to SAR 0.68 in the same quarter of the previous year.

According to the Bank, net profit increased by 5.4% due to an increase in total operating income.

Total operating income increased by 4.6%, primarily due to an increase in net special commission income, fees from banking services, and foreign exchange fees, partially offset by a decrease in fair value through income statement.

Total operational expenses grew by 3.4%, primarily due to an increase in other general and administrative expenses, salaries and employee expenses, depreciation and amortisation, and provisions for credit and other losses, partially offset by a decrease in rent and building expenses.