SAUDI TELECOM COMPANY-

Saudi Telecom Company (stc) posted an 11% y-o-y increase in net income to SAR 3.65 bn in 1Q 2025, according to a disclosure to Tadawul (pdf). The rise was driven by higher revenues and tax returns, despite an increase in operating expenses. Meanwhile, revenue grew 1.6% y-o-y to SAR 19.2 bn, supported by a 9.7% rise in business unit revenues and 1.7% increase in commercial unit revenues.

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ALSO- The company will distribute SAR 2.74 bn in dividends at SAR 0.55 per share for 1Q 2025, it said in a separate disclosure. The distribution date is set for 20 May.

AND- Arabian Internet and Communications Services Company (solutions by stc) reported a 2.3% y-o-y increase in net income to SAR 361 mn in 1Q 2025, it said in a disclosure to Tadawul. Growth was driven by a drop in selling and distribution expenses, despite an increase in general and administrative expenses.

Revenues inched up 0.5% y-o-y to SAR 2.8 bn during the period, supported by a 28.6% increase in IT management and operational services and a 2.6% rise in digital services, despite a 13.8% decrease in core ICT services.

SAUDI AWWAL BANK-

Saudi Awwal Bank (Sab) reported a 4.5% y-o-y increase in net income to SAR 2.1 bn in 1Q 2025, driven by a rise in total operating income despite a 2% uptick in operating expenses, it said in a disclosure to Tadawul. The figure beat analyst expectations, which had pegged the bank’s net income at SAR 2.04 bn for the quarter.

Meanwhile, the bank’s total income from financing grew 11.1% y-o-y to SAR 4.1 bn, while its total income from investments edged down 0.4% y-o-y to SAR 1.1 bn.

SABIC AGRI-NUTRIENTS-

Sabic Agri-Nutrients reported a net income of SAR 985 mn in 1Q 2025, up 17.1% y-o-y on the back of a 22% rise in sales and contributions from an associate and a joint venture, it said in a disclosure to Tadawul. This was partially offset by increased feedstock costs, leading to higher costs of goods sold.

Revenues climbed 22.1% y-o-y to SAR 3.1 bn during the period, driven by a 3% rise in average selling prices and an 18% increase in quantities sold following a scheduled plant turnaround last year.

ARAB NATIONAL BANK-

Arab National Bank (ANB) reported a 5.5% y-o-y rise in net income to SAR 1.3 bn in 1Q 2025, it said in a disclosure to Tadawul. Growth was primarily driven by higher net returns on FVSI financial instruments and rising earnings from fees and commissions, special commissions, exchange, and trading.

Meanwhile, the bank’s total income from financing grew 1.8% y-o-y to SAR 2.9 bn during the quarter, while its total income from investment grew 4.8% y-o-y to SAR 655 mn.

BANK ALBILAD-

Bank Albilad saw its net income rise 8.9% y-o-y to SAR 700.4 mn in 1Q 2025, supported by a 9% increase in total operating income despite a similar rise in operating expenses, it said in a disclosure to Tadawul.

The bank’s total income from financing grew 6.4% y-o-y to SAR 1.8 bn during the quarter, while its total income from investments rose 6.4% y-o-y to SAR 392.5 mn.

SAUDI TADAWUL GROUP HOLDING-

Saudi Tadawul Group’s net income fell 40.2% y-o-y to SAR 120.5 mn in 1Q 2025, driven by lower operating revenues and a 13% increase in operating expenses attributed to the group’s growth strategy implementation, it said in a disclosure to Tadawul.

Revenue also dropped 15.3% y-o-y to SAR 328.2 mn during the period due to lower trading and post-trade services revenues following a 33.8% drop in trading values. This was partially offset by a 17.3% increase in revenue from non-trading linked services.

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