Saudi Arabian Bank SNB Reports 17% Jump in Second-quarter Profit

22/07/2025 01:14 AST

Saudi National Bank (SNB) reported a 17.3% jump in second-quarter net profit on Monday, driven by higher income and lower net impairment charges.

SNB's shares jumped 1.8% at market open after the results, and have risen just over 10% since January.

The Kingdom's biggest lender by assets said it made a net profit of 6.1 billion riyals ($1.63 billion) in the quarter ended June 30, higher than the 5.6 billion riyals analysts were expecting, and compared with 5.2 billion riyals in the year-earlier period.

SNB said the results were driven by higher net special commission income and operating income, in addition to lower net impairment charges for expected credit losses.

According to Reuters, SNB said pre-provision credit was driven by strong credit quality and higher recoveries.

SNB will pay a first-half dividend after zakat, an Islamic tax, worth 1 riyal per share to 6 billion eligible shares, according to a separate bourse disclosure that followed the results.


Asharq Al Awsat

News

Saudi Arabian SNB's Third-quarter Net Profit Rises 20%

21/10/2025

Saudi National Bank (SNB) reported on Monday around a 20% increase in third-quarter net profit on a double-digit rise in operating income, while operating expenses declined.

The kingdom's big

Asharq Al Awsat

SNB Capital hits landmark milestone of closing 100 investment banking deals

28/08/2025

SNB Capital has successfully closed 100 investment banking transactions since the firm's inception in 2021, with a combined value of more than SAR750 billion ($200 billion) averaging closing 2 to 3 t

Trade Arabia

SNB Capital leads $1.9bn rights issue for Acwa Power

11/08/2025

SNB Capital, a leading regional financial institution, said it has successfully completed the SAR7.1 billion ($1.9 billion) capital increase of Acwa Power, Saudi Arabia's leading developer, investor,

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

SNB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALRAJHI 66.75 -0.45 (-0.67%)
SAB 33.72 0.02 (0.05%)
RIBL 20.90 -0.12 (-0.58%)
ALINMA 25.20 0.00 (0.00%)
BSFR 19.43 -0.05 (-0.26%)

Recent News

Saudi Aramco Weighs Global Oil Storage Facilities to Boost Energy Security

19/06/2026

Saudi Arabia laid out a new strategy in Rome to strengthen global supply chains and build a broader partnership model with Europe, seeking to move beyond current geopolitical pressures and deepen eco

Arab News

Emirates NBD seals $2.75 billion acquisition of majority stake in India's RBL Bank

19/06/2026

Emirates NBD announced the completion of its acquisition of a majority stake in the Indian private bank RBL Bank through a primary capital infusion of approximately $2.75 billion (Dh10.1 billion), ma

Khaleej Times

PIF-backed Humain, stc extend MoU for Saudi AI data center venture

19/06/2026

Saudi Telecom Co., also known as stc, and Public Investment Fund-backed Humain have extended by six months a memorandum of understanding to establish a Saudi AI data center joint venture.

T

Arab News

NBB plays key role as Joint Lead Manager in Bahrain's $1bn sovereign bond issue

18/06/2026

National Bank of Bahrain (NBB) acted as Joint Lead Manager and Bookrunner in Bahrain's successful $1 billion 10-year international bond issuance.

The bank's involvement reinforces its role

Trade Arabia

NBK launches rewarding cashback offers for new credit card customers

18/06/2026

As part of its firm commitment to providing a seamless and comprehensive digital banking experience, and its continuous dedication to rewarding its customers and delivering added value that meets the

Kuwait Times

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap