A flurry of big banks are out with their results for the second quarter — and it’s looking good. Saudi National Bank and Al Rajhi — the Kingdom’s two biggest banks — managed to exceed analyst expectations, logging over SAR 6 bn each in quarterly net income, while Riyad Bank and Banque Saudi Fransi reported double-digit growth.

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SAUDI NATIONAL BANK-

Saudi National Bank (SNB) saw its net income increase 17.3% y-o-y to SAR 6.1 bn in 2Q 2025, backed by a 6.6% rise in total operating income and a 20.6% increase in fees from banking services, it said in a disclosure to Tadawul yesterday. The earnings beat Bloomberg analysts’ estimates, which had expected the bank to rake in SAR 5.5 bn in net income, Asharq Business reports.

Total income from financing grew 4% y-o-y to SAR 11.6 bn in the second quarter, while its total income from investments rose 10.4% y-o-y to SAR 3.6 bn.

In 1H, the lender’s bottom line increased 18.4% y-o-y to SAR 12.2 bn. Total income from financing increased 3.3% to SAR 22.5 bn, while total income from investments was up 13.4% y-o-y to over SAR 7 bn.

Dividends on the way: SNB’s board greenlit distributing SAR 6 bn in dividends for 1H 2025 at SAR 1.00 per share, the bank said in a separate disclosure. The distribution date is set for Thursday, 14 August.

ALSO- SNB renewed SAR 1.5 bn in shariah-compliant banking facilities for Arabian Internet andCommunications Services Company (Solutions by STC), according to a separate disclosure. The agreement, backed by a promissory note, includes a SAR 1 bn, one-year facility for working capital and LCs/LGs, along with a SAR 500 mn, five-year loan that was used to acquire Giza Systems Company.

AL RAJHI BANK-

Al Rajhi Bank’s net income rose 30.9% y-o-y to SAR 6.2 bn in 2Q 2025, driven by increasing net finance and investment income, banking services fees, and other operating income, it said in a Tadawul disclosure yesterday. The bank’s bottom line beat Bloomberg analysts’ expectations at SAR 5.8 bn, according to Asharq Business.

Total income from financing was up 19% y-o-y to SAR 11.3 bn, while total income from investments climbed 34.7% y-o-y to SAR 2.4 bn.

During 1H, net income increased 32.5% y-o-y to SAR 12.1 bn. The bank’s total income from financing saw an 18.8% increase to SAR 22.2 bn, while its total income from investments increased 37.6% y-o-y to SAR 4.6 bn.

Market reax: The bank’s stock gained 1.6% to close at SAR 96 yesterday.

ALSO- Al Rajhi Bank granted Quara Finance a SAR 100 mn, four-year shariah-compliant credit facility to ramp up sales volume in a bid to meet the Riyadh-based company’s long-term goals, according to a disclosure to Tadawul. The loan is backed by a promissory note from the owners and an assignment of receivables covering the facility with an excess of 125%.

RIYAD BANK-

Riyad Bank’s net income rose 11.1% y-o-y to SAR 2.6 bn in 2Q 2025, supported by growth in financing and investment income, trading gains, and fee-based revenues, according to a disclosure to Tadawul.

Total income from financing rose 12.1% y-o-y to SAR 5.8 bn, while investment income increased 22.4% to SAR 736 mn.

In 1H, the bank’s net income grew 15.2% y-o-y to SAR 5.1 bn, with financing income up by 11.9% to SAR 11.5 bn and investment rising 18.1% y-o-y to SAR 1.4 bn.

ALSO-Riyadh Bank’s board approved distributing SAR 2.5 bn in dividends for 1H 2025 at SAR 0.80 per share, the bank said in a separate disclosure. The distribution date is set for Sunday, 17 August.

BSF-

Banque Saudi Fransi (BSF) posted a 24.3% y-o-y increase in net income to SAR 1.4 bn in 2Q 2025, driven by higher net finance income, exchange gains, fee and commission income, and other operating income, alongside lower provisions for expected credit losses, according to a disclosure to Tadawul.

Total income from financing rose 2.5% y-o-y to SAR 3.6 bn, while income from investments climbed 10.7% y-o-y to SAR 682 mn.

In 1H, the bank’s bottom line rose 20.3% y-o-y to SAR 2.7 bn, on the back of a 13.8% increase in total operating income. Income from financing increased 5.1% y-o-y to SAR 7.2 bn, while investment income was up 15.6% to SAR 1.3 bn.

ALSO- BSF’s board approved distributing SAR 1.3 bn in dividends for 1H 2025 at SAR 0.55 per share, the bank said in a separate disclosure. The distribution date is set for Wednesday, 13 August.

SAUDI AWWAL BANK-

Saudi Awwal Bank (SAB) reported a 5.4% y-o-y rise in net income to SAR 2.1 bn in 2Q 2025, according to a disclosure to Tadawul. Income from financing activities grew 10.1% y-o-y to SAR 4.3 bn, while income from investments inched up 1.7% to SAR 1.2 bn during the quarter.

In 1H, SAB posted a 4.9% y-o-y increase in net income to SAR 4.3 bn. Total income from financing reached SAR 8.5 bn, up 10.6% y-o-y, while total income from investments increased 0.7% y-o-y to SAR 2.3 bn.

SIPCHEM-

Sahara InternationalPetrochemical’s (Sipchem) moved to the red, reporting a net loss of SAR 169.2 mn in 2Q 2025, down from SAR 121.5 mn in the same period last year, it said in a disclosure to Tadawul yesterday. The downturn was driven by increased feedstock costs and a SAR 171 mn investment loss in an associate company.

Sipchem’s revenue rose 7.7% y-o-y to SAR 1.9 bn, driven by higher sales volumes, though tempered by lower selling prices for some products.

On a 1H basis, the company’s bottom line shed 91.4% y-o-y to SAR 26.1 mn, while revenue increased 4.9% to SAR 3.9 bn.

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