Breaking Down the 1Q25 Financial Results of Saudi Awwal Bank
Net Profit after Zakat and Income: In the first quarter of 2025, Saudi Awwal Bank (SAB) saw a net profit of SR2,135 million, a 5% increase from the previous year.
Total Operating Income: SAB reported a total operating income of SR3,620 million, marking a 5% increase from the same period in 2024.
Net Loans and Advances: The bank’s net loans and advances reached SR279 billion, showing a significant 22% growth from the previous year.
Customer Deposits: Customer deposits also saw an increase, reaching SR290 billion, up 9% from the first quarter of 2024.
Total Equity: SAB’s total equity rose to SR72 billion, a 14% increase from the same period in 2024.
Lubna Olayan’s Insight on SAB’s Financial Performance
Ms. Lubna S. Olayan, Chair of the Board of Directors of SAB, unveiled the bank’s financial results for the first quarter of 2025. Despite global economic challenges, SAB remains confident in Saudi Arabia’s growth trajectory and its role in fostering growth through strategic funding.
Commentary from Lubna Olayan, Chair of SAB: “Our strong financial performance reflects our commitment to quality funding and disciplined growth. With an 8% increase in total loans, driven by retail and corporate lending, SAB continues to demonstrate resilience and operational excellence.”
Additionally, SAB was recognized for its sustainability efforts and received accolades for its trade finance services, highlighting the bank’s commitment to innovation and responsible business practices.
Ms. Olayan’s Acknowledgment: “Our success is a result of our strategic vision and the dedication of our team. We are grateful for the support of our regulators and partners, including the Saudi Central Bank and the Capital Market Authority.”
About Saudi Awwal Bank (SAB)
SAB, a prominent financial institution in Saudi Arabia, has a rich history spanning over 90 years. The bank plays a vital role in the country’s economic development and offers a wide range of banking services, including corporate banking, investment, and private banking.
Following its merger with Alawwal Bank, SAB has strengthened its position in the market and continues to lead in areas such as trade finance, digital innovation, and sustainable banking practices. With a focus on growth and sustainability, SAB is well-positioned to seize future opportunities in the dynamic global landscape.
