Big banks are reporting healthy earnings for last year, with Al Rajhi Bank and Saudi National Bank’s net income inching over analyst expectations.

Saudi National Bank

Saudi National Bank reported an 18% y-o-y increase in net income to SAR 25 bn in 2025, beating Bloomberg analysts’ expectations of SAR 23.7 bn. The growth was fueled by an 8.8% increase in total operating income, partially tempered by a 9.4% decline in operating expenses.

The bank’s total income from financing went up 3.6% y-o-y to SAR 46.4 bn during the year, while its total income from investments grew 11.7% y-o-y to SAR 14.5 bn.

A Rajhi Bank

Al Rajhi Bank saw its net income rise 26% y-o-y to SAR 24.8 bn in 2025 — slightly exceeding Bloomberg analysts’ expectations of SAR 24.5 bn — the bank said in a disclosure to Tadawul. The growth was buoyed by a 22% increase in total operating income, which was partially offset by a 13.5% rise in operating expenses and higher impairment charges.

Total income from financing climbed 16.2% y-o-y to SAR 46.2 bn over the same period, while its total income from investments jumped 32.9% y-o-y to SAR 9.6 bn.

Dividends: The bank’s board recommended the distribution of SAR 7 bn in dividends for 2H 2025 at SAR 1.75 a share, it said in a separate disclosure. The distribution date is yet to be announced.

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