Riyadh – Mubasher: Al Rajhi Bank achieved net profits valued at SAR 16.62 billion in 2023, an annual decline of 3.09% from SAR 17.15 billion.
The clients’ deposits rose by 1.45% year-on-year (YoY) to SAR 573.10 billion as of 31 December 2023 from SAR 564.92 billion, according to the annual financial results.
Meanwhile, the earnings per share (EPS) amounted to SAR 3.95 last year, lower than SAR 4.24 in 2022.
The Saudi lender registered 6.10% higher assets at SAR 808.09 billion in the January-December 2023 period, compared to SAR 761.61 billion a year earlier.
Furthermore, the investments hiked by 31.63% YoY to SAR 133.37 billion in 2023 from SAR 101.32 billion.
In the first nine months (9M) of 2023, the bank’s net profits dropped by 2.31% to SAR 12.45 billion from SAR 12.74 billion in 9M-22.
