Saudi Awwal Bank exceeds expectations in FY 2025

Saudi Awwal Bank (Sab) posted a 4.7% y-o-y rise in net income to SAR 8.5 bn in FY 2025 — exceeding Bloomberg analysts’ expectations of SAR 8.1 bn — a Tadawul disclosure showed. The growth was attributed to higher total operating income, which was partially offset by increased total operating costs, increased net provision for expected credit losses, and lower earnings of an associate company.

MEANWHILE- The lender logged a 9.6% y-o-y increase in total income from financing to SAR 17.6 bn during the year, while its income from investments rose 4.7% y-o-y to SAR 4.8 bn.