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Earnings took a dip in the second quarter
Strong earnings from banking, real estate, and telecom helped cushion the decline
Banks in the Kingdom see net income rise 18% y-o-y in 2Q to SAR 23 bn
The performance was primarily led by key players, notably Al Rajhi Bank and SNB
Saudi bank credit increases 16% y-o-y in 2Q
This growth was evident across all credit terms, with long-term credit expanding by 20% y-o-y
Al Moammar renews SAR 340.3 mn shariah-compliant financing with Saudi Awwal Bank
ALSO: Walaa Cooperative Ins. scores strong Fitch ratings
Net foreign assets hold steady in June
Sama’s net foreign assets ended June with a surplus of SAR 1.62 tn by the end of the month
GDP growth to remain strong until 2028 despite deficits -S&P
Saudi banks are expected to play larger role in the Kingdom’s financing
Saudi banks expected to top Gulf for 2Q 2025 earnings growth
The Kingdom’s banks have already dominated the top spots of the CI Capital List
Net foreign assets rise to surplus of SAR 1.5 tn in May
The rise was driven by an improved foreign asset position from Sama
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