{"id":98953,"date":"2025-07-22T00:00:00","date_gmt":"2025-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/22\/big-banks-exceed-expectations-in-2q-sipchem-moves-to-the-red\/"},"modified":"2025-07-22T00:00:00","modified_gmt":"2025-07-22T00:00:00","slug":"big-banks-exceed-expectations-in-2q-sipchem-moves-to-the-red","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/22\/big-banks-exceed-expectations-in-2q-sipchem-moves-to-the-red\/","title":{"rendered":"Big banks exceed expectations in 2Q + Sipchem moves to the red"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> A flurry of big banks are out with their results for the second quarter \u2014 and it\u2019s looking <\/strong><strong>good<\/strong>. Saudi National Bank and Al Rajhi \u2014 the Kingdom\u2019s two biggest banks \u2014 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p class=\"tag-border-left\">SAUDI NATIONAL BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Natio<\/strong><strong>nal Bank (SNB) saw its net income increa<\/strong><strong>se 17.3% y-o-y to SAR 6.1 bn in 2Q <\/strong><strong>2025<\/strong>, backed by a 6.6% rise in total operating income and a 20.6% increase in fees from banking services, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88864&anCat=1&cs=1180&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The earnings beat Bloomberg analysts\u2019 estimates, which had expected the bank to rake in SAR 5.5 bn in net income, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/banks\/90799\/%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%AA%D9%81%D9%88%D9%82-%D8%A7%D9%84%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D9%85%D8%B9-%D9%87%D8%A8%D9%88%D8%B7-%D8%A7%D9%84%D9%85%D8%AE%D8%B5%D8%B5%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total income from financing grew 4% y-o-y to SAR 11.6 bn in the second quarter, <\/strong>while its total income from investments rose 10.4% y-o-y to SAR 3.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H, the lender\u2019s bottom line increased 18.4% y-o-y to SAR 12.2 bn.<\/strong> 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends on the way:<\/strong> SNB\u2019s board greenlit distributing SAR 6 bn in dividends for 1H 2025 at SAR 1.00 per share, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88872&anCat=1&cs=1180&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is set for Thursday, 14 August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> SNB renewed SAR 1.5 bn in shariah-compliant banking facilities for <a target=\"_blank\" href=\"https:\/\/solutions.com.sa\/investor-relations\/company-announcements\/\" style=\"\" rel=\"noopener\">Arabian Internet and<\/a><a target=\"_blank\" href=\"https:\/\/solutions.com.sa\/investor-relations\/company-announcements\/\" style=\"\" rel=\"noopener\">Communications Services Company<\/a> (Solutions by STC), according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88865&anCat=1&cs=7202&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. 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.<\/p>\n<p class=\"tag-border-left\"> AL RAJHI BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ra<\/strong><strong>jhi Ban<\/strong><strong>k\u2019s net income rose 30.9% y-o-y to SAR 6.2 bn in 2Q 2025<\/strong>, driven by increasing net finance and investment income, banking services fees, and other operating income, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88863&anCat=1&cs=1120&locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a> yesterday. The bank\u2019s bottom line beat Bloomberg analysts\u2019 expectations at SAR 5.8 bn, according to <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-reports\/90797\/%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B1%D8%A7%D8%AC%D8%AD%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%AA%D8%B1%D8%AA%D9%81%D8%B9-31-%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total income from financing was up 19% y-o-y to SAR 11.3 bn<\/strong>, while total income from investments climbed 34.7% y-o-y to SAR 2.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>During 1H, net income increased 32.5% y-o-y to SAR 12.1 bn. <\/strong>The bank\u2019s 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market <\/strong><strong>reax<\/strong><strong>: <\/strong>The bank\u2019s stock gained 1.6% to close at SAR 96 yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Al Rajhi Bank granted <\/strong><strong><a target=\"_blank\" href=\"https:\/\/quarafinance.com\/en\/\" style=\"\" rel=\"noopener\">Quara Finance<\/a><\/strong><strong> a SAR 100 mn, four-year shariah-compliant <\/strong><strong>credit facility<\/strong> to ramp up sales volume in a bid to meet the Riyadh-based company\u2019s long-term goals, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88868&anCat=1&cs=9596&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The loan is backed by a promissory note from the owners and an assignment of receivables covering the facility with an excess of 125%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> RIYAD BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyad Bank\u2019s net income rose 11.1% y-o-y to SAR 2.6 bn in 2Q 2025<\/strong>, supported by growth in financing and investment income, trading gains, and fee-based revenues, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88879&anCat=1&cs=1010&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total income from financing rose 12.1% y-o-y to SAR 5.8 bn<\/strong>, while investment income increased 22.4% to SAR 736 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H, the bank\u2019s net income grew 15.2% y-o-y to SAR 5.1 bn<\/strong>, 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong>Riyadh Bank\u2019s board approved distributing SAR 2.5 bn in dividends for 1H 2025 at SAR 0.80 per share, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88887&anCat=1&cs=1010&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is set for Sunday, 17 August. <\/p>\n<p class=\"tag-border-left\">BSF- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banque Saudi Fransi (BSF) posted a 24.3% y-o-y increase in net income to SAR<\/strong><strong> 1.4 bn in <\/strong><strong>2Q 2025<\/strong>, 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 <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88878&anCat=1&cs=1050&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total income from financing rose 2.5% y-o-y to SAR 3.6 bn<\/strong>, while income from investments climbed 10.7% y-o-y to SAR 682 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H, the bank\u2019s bottom line rose 20.3% y-o-y to SAR 2.7 bn<\/strong>, 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> BSF\u2019s board approved distributing SAR 1.3 bn in dividends for 1H 2025 at SAR 0.55 per share, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88889&anCat=1&cs=1050&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. The distribution date is set for Wednesday, 13 August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> SAUDI AWWAL BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Awwal Bank (SAB) reported a 5.4% y-o-y rise in net income to SAR 2.1 bn in <\/strong><strong>2Q <\/strong><strong>2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88886&anCat=1&cs=1060&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H, SAB posted a 4.9% y-o-y increase in net income to SAR 4.3 bn.<\/strong> 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> SIPCHEM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.sipchem.com\/\" style=\"\" rel=\"noopener\">Sahara Inter<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sipchem.com\/\" style=\"\" rel=\"noopener\">national<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sipchem.com\/\" style=\"\" rel=\"noopener\">Petrochemical<\/a><\/strong><strong>\u2019s (Sipchem) moved to the red, reporting a net loss of <\/strong><strong>SAR 169.2 mn in 2Q 2025<\/strong>, down from SAR 121.5 mn in the same period last year, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=88876&anCat=1&cs=2310&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The downturn was driven by increased feedstock costs and a SAR 171 mn investment loss in an associate company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sipchem\u2019s revenue rose 7.7% y-o-y to SAR 1.9 bn<\/strong>, driven by higher sales volumes, though tempered by lower selling prices for some products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 1H basis, the company\u2019s bottom line shed 91.4% y-o-y to SAR 26.1 mn<\/strong>, while revenue increased 4.9% to SAR 3.9 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SNB and Al Rajhi logged over SAR 6 bn each in quarterly net income<\/p>\n","protected":false},"author":1,"featured_media":98954,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[71,3131,1251,285,10,838,2420,1115,3814],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-al-rajhi-bank","tag-aljazira-capital","tag-dividends","tag-earnings-watch","tag-enterpriseam-ksa","tag-quara-finance","tag-sahara-international-petrochemical-sipchem","tag-saudi-national-bank-snb","tag-shariah-compliant-credit-facility","wpautop","entry"],"acf":{"mongo_id":"71c6d475-43bd-4eb7-841c-84c950b512b2","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1529.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Big banks exceed expectations in 2Q + Sipchem moves to the red","related_issue":[98945],"teaser":"SNB and Al Rajhi logged over SAR 6 bn each in quarterly net income","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.af1dbcab-8853-4335-bf73-5ade85a5621a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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