Riyadh – Mubasher: Saudi Awwal Bank (SAB) generated net profits worth SAR 2.13 billion in the first quarter (Q1) of 2025, an annual growth of 4.50% from SAR 2.04 billion.
The earnings per share (EPS) hit SAR 0.98 as of 31 March 2025, up year-on-year (YoY) from SAR 0.96, according to the financial results.
Assets jumped by 15.17% to SAR 425.71 billion in Q1-25 from SAR 369.61 billion in Q1-24, while the investments climbed by 12.59% to SAR 103.54 billion from SAR 91.59 billion.
The Saudi lender reported clients' deposits valued at SAR 290.44 billion in the first three months (3M) of 2025, higher by 9.20% YoY than SAR 265.95 billion.
Quarterly, the Q1-25 net profits went up by 0.42% from SAR 2.12 billion in Q4-24.
At the end of 2024, the bank’s profits hiked by 15.25% to SAR 8.07 billion from SAR 7 billion in 2023.
