Saudi National Bank 2024 net profit rises 5.9% on higher operating income

RIYADH, Saudi Arabia, January 29, 2025 (Saudi Arabia Breaking News) – Saudi National Bank, the kingdom’s largest bank by assets, posted on Wednesday a 5.9% rise in net profit for 2024, boosted by higher operating income.

Net profit attributable to shareholders came in at 21.2 billion riyals ($5.65 billion) for the 12 months ended Dec.31, up from 20 billion riyals a year earlier, the bank said in a statement.

It posted a net profit of 5.6 billion riyals in the fourth quarter, Reuters calculations showed, beating analysts’ mean estimate of 5.1 billion riyals, according to LSEG data.