Riyad Bank’s earnings up 16% in 2024

Riyad Bank’s net income grew 15.9% y-o-y in 2024 to SAR 9.3 bn, as a boost in operating income and lower operating costs drove growth, it said in a disclosure to Tadawul. Riyad Bank’s total income from financing rose 18.2% during the period to SAR 21.6 bn, while total income from investments increased 10.9% to SAR 2.6 bn.

ALSO- Riyad Bank is set to distribute a SAR 2.7 bn dividend payout for 2H 2024, at SAR 0.9 per share, according to a separate disclosure to Tadawul. The distribution date is yet to be announced.