Business
Saudi Awwal Bank : records§4.3 billion net profit after Zakat and Income Tax for 1H25 – an increase of 5% compared to 1H24
Saudi Awwal Bank : records§4.3 billion net profit after Zakat and Income Tax for 1H25 – an increase of 5% compared to
About this update from Saudi Awwal Bank
[{"type":"text","content":"\n \n 21 -July 2025\n Summary of Results for 1H25:Net Profit After Zakat and Income: SAR 4,262 million, reflecting a 5% year-on-year increase from SAR 4,061 million in 1H24\n Total Operating Income: SAR 7,341 million, marking a 6% increase from SAR 6,939 million in 1H24\n Net Loans and Advances: SAR 283 billion, marking a 17% increase from SAR 242 billion in 1H24\n Customer Deposits: SAR 297 billion, reflecting 6% growth from SAR 279 billion in 1H24\n Total Equity: SAR 75 billion, marking a 19% increase from SAR 63 billion in 1H24\n \n Riyadh, Saudi Arabia- 21- July- 2025: Ms. Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced today its financial results for the six-month period ending 30 June 2025, reflecting steady growth across key indicators and continued momentum in SAB's strategic transformation. \n \n \n For the first six months of 2025, SAB generated a net profit after Zakat and income tax of SAR 4.262 billion, reflecting a 5% year-on-year increase. Total operating income rose to SAR 7,341 million, supported by higher loan volumes and a strong deposit base. Net loans and advances reached SAR 283 billion, and customer deposits increased to SAR 297 billion. Return on tangible equity stood at 15.5%, aligned with the Bank's medium-term performance targets.\n Lubna Olayan, Chair of SAB, said: \"Our H1 performance demonstrates consistent delivery against our long-term strategy. In a changing macroeconomic environment, we remained focused on what matters most: serving customers, improving efficiency, and building resilience. The momentum across our lending and funding platforms reflects the depth of our capabilities and the strength of execution across the Bank.\"\n She added: \"From operational discipline to digital innovation, we are investing in future-ready banking. Our performance is not just a reflection of market conditions, but rather a result of deliberate choices that support long-term value creation for our stakeholders.\"\n \n \n In the first half of 2025, SAB made significant strides in advancing its strategic objectives. The Bank achieved a 9% increase in total loans, reflecting robust growth across our well-respected large and institutional corporate segments, as well as retail, housing, and SME segments. The mortgage growth supported SAB's continued leadership in the national h...