Al Rajhi Bank profit rises 19% to SAR 19.72B in 2024; Q4 at SAR 5.51B

29/01/2025 Argaam Exclusive

Al Rajhi Bank's net profit rose to SAR 19.72 billion in 2024, up 19% compared to SAR 16.62 billion in 2023.



Financials (M)

Item 2023 2024 Change‬
Net Income from investments and financial activities 21,269.12 24,843.05 16.8 %
Operating Income 27,531.41 32,055.30 16.4 %
Total Provisions (1504.18) (2116.74) (40.7 %)
Net Income 16,621.16 19,722.21 18.7 %
Average Shares 4,000.00 4,000.00 -
Earnings Per Share before unusual items 4.16 4.93 18.7 %
EPS (Riyals) 4.16 4.93 18.7 %
EPS Diluted (Riyals) 3.95 4.67 18.2 %

The profit increase was driven by a 16.8% increase in net financing and investment income due to a rise in gross financing and investment income, offset by a growth in gross financing and investment return.

 

Total operating income rose by 16.4% on the back of an increase in net financing and investment income, fees from banking services, other operating income and exchange income.

 

Meanwhile, net provision for expected credit losses surged on higher gross charge by 36.9% coupled with a rise in recoveries from written off financing by 33.4%.

 

On the other hand, the total operating expenses including impairment charges for financing increased by 12.1% due to an increase in depreciation expense and salaries and employees’ related benefits.

 

The fourth-quarter net profit rose 32% to SAR 5.51 billion from SAR 4.17 billion in Q4 2023.

 

Sequentially, the Q4 bottom line grew by 8.1% from SAR 5.1 billion in Q3 2024.



Current Quarter Comparison (M)

Compared With The
Item Q4 2023 Q4 2024 Change‬
Net Income from investments and financial activities 5,549.55 6,941.47 25.1 %
Operating Income 7,050.83 8,750.09 24.1 %
Debt Provisions (405.61) (552.62) (36.2 %)
Net Income 4,170.62 5,515.83 32.3 %
Average Shares 4,000.00 4,000.00 -
Earnings Per Share before unusual items 1.04 1.38 32.3 %
EPS (Riyals) 1.04 1.38 32.3 %
EPS Diluted (Riyal) 0.99 1.29 30.3 %

Balance Sheet (B)

Item 2023 2024 Change‬
Assets 808.10 974.39 20.6 %
Customer Deposits 573.10 628.24 9.6 %
Financing Investments 594.20 693.41 16.7 %

Shareholders’ equity, after minority interest and sukuk, stood at SAR 100.18 billion by the end of December 2024, compared to SAR 90.25 billion in the year-earlier period.

 

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Share Price

Al Rajhi Bank
100.20
0.00 0.00 %

Al Rajhi Bank (ALRAJHI)

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Financial Ratios
Current
Market Cap (M) 400,800.00
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (TTM) 4.93
EPS Diluted ( Riyal) (TTM) 4.67
Book Value (BV) ( Riyal) 24.87
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.32
P/E (TTM) 20.32
Price/book 4.03
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 20.8
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Financial results (Million)

Period Net Income from investments and financial activities Change Operating Income Change Debt Provisions Change
Q1 2015 2,463.48 1.5 % 3,422.25 (2.2 %) (521.78) 24.8 %
Q2 2015 2,514.14 0.8 % 3,534.65 (3.0 %) (467.43) 21.9 %
Q3 2015 2,494.69 4.9 % 3,195.06 (7.1 %) (419.97) 29.7 %
Q4 2015 2,486.63 (1.3 %) 3,593.81 16.5 % (548.84) (29.7 %)
Q1 2016 2,574.33 4.5 % 3,695.05 8.0 % (537.49) (3.0 %)
Q2 2016 2,780.55 10.6 % 3,923.66 11.0 % (555.28) (18.8 %)
Q3 2016 2,914.48 16.8 % 3,877.85 21.4 % (541.44) (28.9 %)
Q4 2016 2,921.23 17.5 % 3,812.32 6.1 % (508.04) 7.4 %
Q1 2017 2,885.74 12.1 % 3,853.09 4.3 % (372.41) 30.7 %
Q2 2017 2,954.42 6.3 % 3,876.96 (1.2 %) (405.29) 27.0 %
Q3 2017 3,032.11 4.0 % 3,976.36 2.5 % (409.88) 24.3 %
Q4 2017 3,157.15 8.1 % 4,198.45 10.1 % (360.00) 29.1 %
Q1 2018 3,441.33 19.3 % 4,142.41 7.5 % (450.43) (21.0 %)
Q2 2018 3,551.95 20.2 % 4,288.07 10.6 % (333.22) 17.8 %
Q3 2018 3,682.34 21.4 % 4,383.35 10.2 % (417.26) (1.8 %)
Q4 2018 3,811.37 20.7 % 4,505.69 7.3 % (330.03) 8.3 %
Q1 2019 3,943.96 14.6 % 4,638.94 12.0 % (389.42) 13.5 %
Q2 2019 4,060.69 14.3 % 4,861.11 13.4 % (385.63) (15.7 %)
Q3 2019 4,163.61 13.1 % 4,981.23 13.6 % (332.27) 20.4 %
Q4 2019 4,259.46 11.8 % 5,003.18 11.0 % (664.95) (101.5 %)
Q1 2020 4,110.48 4.2 % 4,967.56 7.1 % (692.81) (77.9 %)
Q2 2020 3,967.69 (2.3 %) 4,807.76 (1.1 %) (457.96) (18.8 %)
Q3 2020 4,196.45 0.8 % 5,152.13 3.4 % (464.94) (39.9 %)
Q4 2020 4,638.39 8.9 % 5,793.81 15.8 % (550.04) 17.3 %
Q1 2021 4,770.55 16.1 % 5,947.58 19.7 % (576.99) 16.7 %
Q2 2021 5,051.78 27.3 % 6,336.32 31.8 % (583.97) (27.5 %)
Q3 2021 5,214.76 24.3 % 6,577.68 27.7 % (593.81) (27.7 %)
Q4 2021 5,354.85 15.4 % 6,854.82 18.3 % (590.32) (7.3 %)
Q1 2022 5,340.17 11.9 % 6,956.56 17.0 % (578.31) (0.2 %)
Q2 2022 5,566.76 10.2 % 7,147.86 12.8 % (580.42) 0.6 %
Q3 2022 5,687.02 9.1 % 7,206.46 9.6 % (489.96) 17.5 %
Q4 2022 5,578.73 4.2 % 7,264.14 6.0 % (352.58) 40.3 %
Q1 2023 5,125.26 (4.0 %) 6,780.62 (2.5 %) (358.78) 38.0 %
Q2 2023 5,193.67 (6.7 %) 6,827.45 (4.5 %) (360.39) 37.9 %
Q3 2023 5,400.64 (5.0 %) 6,872.51 (4.6 %) (379.40) 22.6 %
Q4 2023 5,549.55 (0.5 %) 7,050.83 (2.9 %) (405.61) (15.0 %)
Q1 2024 5,646.87 10.2 % 7,229.11 6.6 % (421.21) (17.4 %)
Q2 2024 5,857.47 12.8 % 7,637.00 11.9 % (454.82) (26.2 %)
Q3 2024 6,397.24 18.5 % 8,439.10 22.8 % (688.10) (81.4 %)
Q4 2024 6,941.47 25.1 % 8,750.09 24.1 % (552.62) (36.2 %)
2024 24,843.05 16.8 % 32,055.30 16.4 % (2,116.74) (40.7 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
Q1 2015 1,518.55 (11.0 %) 0.38 - 1,518.55 0.38
Q2 2015 1,941.37 (0.4 %) 0.49 - 1,941.37 0.49
Q3 2015 1,721.40 3.6 % 0.43 - 1,721.40 0.43
Q4 2015 1,948.77 28.2 % 0.49 - 1,948.77 0.49
Q1 2016 2,017.27 32.8 % 0.50 - 2,017.27 0.50
Q2 2016 2,051.93 5.7 % 0.51 - 2,051.93 0.51
Q3 2016 2,009.49 16.7 % 0.50 - 2,009.49 0.50
Q4 2016 2,047.27 5.1 % 0.51 - 2,047.27 0.51
Q1 2017 2,220.90 10.1 % 0.56 - 2,220.90 0.56
Q2 2017 2,181.65 6.3 % 0.55 - 2,181.65 0.55
Q3 2017 2,265.21 12.7 % 0.57 - 2,265.21 0.57
Q4 2017 2,452.97 19.8 % 0.61 - 2,452.97 0.61
Q1 2018 2,306.28 3.8 % 0.58 - 2,306.28 0.58
Q2 2018 2,474.22 13.4 % 0.62 - 2,474.22 0.62
Q3 2018 2,515.98 11.1 % 0.63 - 2,515.98 0.63
Q4 2018 (3528.54) (243.8 %) (0.88) (5405.27) 1,876.74 0.47
Q1 2019 2,567.99 11.3 % 0.64 - 2,567.99 0.64
Q2 2019 2,533.91 2.4 % 0.63 - 2,533.91 0.63
Q3 2019 2,738.82 8.9 % 0.68 - 2,738.82 0.68
Q4 2019 2,317.81 165.7 % 0.58 - 2,317.81 0.58
Q1 2020 2,380.15 (7.3 %) 0.60 - 2,380.15 0.60
Q2 2020 2,436.10 (3.9 %) 0.61 - 2,436.10 0.61
Q3 2020 2,657.85 (3.0 %) 0.66 - 2,657.85 0.66
Q4 2020 3,121.45 34.7 % 0.78 - 3,121.45 0.78
Q1 2021 3,335.49 40.1 % 0.83 - 3,335.49 0.83
Q2 2021 3,604.69 48.0 % 0.90 - 3,604.69 0.90
Q3 2021 3,793.75 42.7 % 0.95 - 3,793.75 0.95
Q4 2021 4,012.29 28.5 % 1.00 - 4,012.29 1.00
Q1 2022 4,133.55 23.9 % 1.03 - 4,133.55 1.03
Q2 2022 4,258.30 18.1 % 1.06 - 4,258.30 1.06
Q3 2022 4,354.64 14.8 % 1.09 - 4,354.64 1.09
Q4 2022 4,404.33 9.8 % 1.10 - 4,404.33 1.10
Q1 2023 4,145.17 0.3 % 1.04 - 4,145.17 1.04
Q2 2023 4,150.06 (2.5 %) 1.04 - 4,150.06 1.04
Q3 2023 4,155.30 (4.6 %) 1.04 - 4,155.30 1.04
Q4 2023 4,170.62 (5.3 %) 1.04 - 4,170.62 1.04
Q1 2024 4,404.76 6.3 % 1.10 - 4,404.76 1.10
Q2 2024 4,698.18 13.2 % 1.17 - 4,698.18 1.17
Q3 2024 5,103.43 22.8 % 1.28 - 5,103.43 1.28
Q4 2024 5,515.83 32.3 % 1.38 - 5,515.83 1.38
2024 19,722.21 18.7 % 4.93 - 19,722.21 4.93

Balance Sheet (B)

Period Assets Change Customer Deposits Change Financing Investments Change
Q1 2015 320.43 11.2 % 268.48 12.6 % 205.12 6.3 %
Q2 2015 327.07 10.8 % 269.42 9.8 % 210.62 4.8 %
Q3 2015 325.21 8.9 % 271.55 8.6 % 209.91 3.1 %
Q4 2015 315.62 2.6 % 257.82 0.7 % 210.22 2.1 %
Q1 2016 323.30 0.9 % 266.42 (0.8 %) 216.39 5.5 %
Q2 2016 331.38 1.3 % 272.65 1.2 % 224.52 6.6 %
Q3 2016 330.52 1.6 % 272.60 0.4 % 225.86 7.6 %
Q4 2016 339.71 7.6 % 272.59 5.7 % 224.99 7.0 %
Q1 2017 337.23 4.3 % 271.29 1.8 % 229.42 6.0 %
Q2 2017 345.60 4.3 % 285.39 4.7 % 232.80 3.7 %
Q3 2017 338.03 2.3 % 270.10 (0.9 %) 233.18 3.2 %
Q4 2017 343.12 1.0 % 273.06 0.2 % 233.54 3.8 %
Q1 2018 348.43 3.3 % 283.94 4.7 % 228.23 (0.5 %)
Q2 2018 347.59 0.6 % 280.39 (1.8 %) 226.54 (2.7 %)
Q3 2018 355.58 5.2 % 288.84 6.9 % 232.02 (0.5 %)
Q4 2018 364.03 6.1 % 293.91 7.6 % 231.76 (0.8 %)
Q1 2019 363.05 4.2 % 293.50 3.4 % 234.83 2.9 %
Q2 2019 369.20 6.2 % 300.56 7.2 % 238.50 5.3 %
Q3 2019 367.87 3.5 % 298.81 3.5 % 244.59 5.4 %
Q4 2019 384.09 5.5 % 312.41 6.3 % 249.68 7.7 %
Q1 2020 391.90 7.9 % 315.66 7.5 % 261.39 11.3 %
Q2 2020 417.68 13.1 % 334.66 11.3 % 274.93 15.3 %
Q3 2020 430.30 17.0 % 345.32 15.6 % 289.73 18.5 %
Q4 2020 468.82 22.1 % 382.63 22.5 % 315.71 26.4 %
Q1 2021 512.23 30.7 % 421.27 33.5 % 356.14 36.3 %
Q2 2021 546.14 30.8 % 447.51 33.7 % 390.30 42.0 %
Q3 2021 582.66 35.4 % 478.33 38.5 % 420.95 45.3 %
Q4 2021 623.64 33.0 % 512.07 33.8 % 452.83 43.4 %
Q1 2022 657.34 28.3 % 507.89 20.6 % 484.53 36.0 %
Q2 2022 709.28 29.9 % 552.96 23.6 % 519.70 33.2 %
Q3 2022 739.96 27.0 % 555.77 16.2 % 557.50 32.4 %
Q4 2022 761.62 22.1 % 564.92 10.3 % 568.34 25.5 %
Q1 2023 775.80 18.0 % 556.20 9.5 % 577.01 19.1 %
Q2 2023 783.93 10.5 % 570.67 3.2 % 579.08 11.4 %
Q3 2023 800.80 8.2 % 565.72 1.8 % 590.83 6.0 %
Q4 2023 808.10 6.1 % 573.10 1.4 % 594.20 4.6 %
Q1 2024 835.99 7.8 % 603.98 8.6 % 608.99 5.5 %
Q2 2024 866.96 10.6 % 622.57 9.1 % 621.89 7.4 %
Q3 2024 902.57 12.7 % 622.57 10.0 % 649.02 9.9 %
Q4 2024 974.39 20.6 % 628.24 9.6 % 693.41 16.7 %

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
Q1 2015 2.19 % 16.15 % 64.97 %
Q2 2015 2.13 % 15.67 % 64.89 %
Q3 2015 2.15 % 15.69 % 64.99 %
Q4 2015 2.29 % 16.11 % 69.50 %
Q1 2016 2.37 % 17.11 % 73.30 %
Q2 2016 2.35 % 16.62 % 72.26 %
Q3 2016 2.45 % 16.95 % 71.49 %
Q4 2016 2.48 % 16.49 % 69.15 %
Q1 2017 2.52 % 16.92 % 68.98 %
Q2 2017 2.50 % 16.48 % 68.88 %
Q3 2017 2.61 % 16.90 % 70.37 %
Q4 2017 2.67 % 16.94 % 72.50 %
Q1 2018 2.69 % 18.07 % 70.20 %
Q2 2018 2.74 % 17.86 % 69.40 %
Q3 2018 2.81 % 18.51 % 68.09 %
Q4 2018 1.07 % 7.24 % 25.13 %
Q1 2019 1.13 % 7.95 % 25.96 %
Q2 2019 1.14 % 7.97 % 25.50 %
Q3 2019 1.19 % 8.56 % 26.12 %
Q4 2019 2.72 % 20.42 % 59.89 %
Q1 2020 2.64 % 19.83 % 58.21 %
Q2 2020 2.51 % 19.41 % 57.98 %
Q3 2020 2.45 % 18.89 % 57.50 %
Q4 2020 2.48 % 19.39 % 60.97 %
Q1 2021 2.56 % 21.23 % 64.03 %
Q2 2021 2.64 % 22.79 % 66.24 %
Q3 2021 2.74 % 23.38 % 67.76 %
Q4 2021 2.70 % 23.52 % 68.77 %
Q1 2022 2.66 % 23.72 % 69.34 %
Q2 2022 2.58 % 23.98 % 68.48 %
Q3 2022 2.53 % 23.40 % 65.92 %
Q4 2022 2.48 % 22.72 % 60.82 %
Q1 2023 2.40 % 22.20 % 55.22 %
Q2 2023 2.28 % 21.04 % 50.32 %
Q3 2023 2.19 % 20.38 % 46.09 %
Q4 2023 2.12 % 19.11 % 42.91 %
Q1 2024 2.09 % 19.60 % 41.40 %
Q2 2024 2.11 % 19.30 % 40.80 %
Q3 2024 2.16 % 20.34 % 40.93 %
Q4 2024 2.21 % 20.79 % 41.95 %
2024 2.21 % 20.79 % 41.95 %

Ratios

Period Customer Deposits Per Total Assets Financing Investments/Customer Deposits Financing Investments/Total Assets
Q1 2015 83.79 % 76.40 % 64.01 %
Q2 2015 82.38 % 78.17 % 64.40 %
Q3 2015 83.50 % 77.30 % 64.55 %
Q4 2015 81.69 % 81.54 % 66.60 %
Q1 2016 82.41 % 81.22 % 66.93 %
Q2 2016 82.28 % 82.35 % 67.75 %
Q3 2016 82.48 % 82.86 % 68.34 %
Q4 2016 80.24 % 82.54 % 66.23 %
Q1 2017 80.45 % 84.57 % 68.03 %
Q2 2017 82.58 % 81.57 % 67.36 %
Q3 2017 79.90 % 86.33 % 68.98 %
Q4 2017 79.58 % 85.53 % 68.06 %
Q1 2018 81.49 % 80.38 % 65.50 %
Q2 2018 80.67 % 80.80 % 65.18 %
Q3 2018 81.23 % 80.33 % 65.25 %
Q4 2018 80.74 % 78.85 % 63.66 %
Q1 2019 80.84 % 80.01 % 64.68 %
Q2 2019 81.41 % 79.35 % 64.60 %
Q3 2019 81.23 % 81.85 % 66.49 %
Q4 2019 81.34 % 79.92 % 65.01 %
Q1 2020 80.55 % 82.81 % 66.70 %
Q2 2020 80.12 % 82.15 % 65.82 %
Q3 2020 80.25 % 83.90 % 67.33 %
Q4 2020 81.61 % 82.51 % 67.34 %
Q1 2021 82.24 % 84.54 % 69.53 %
Q2 2021 81.94 % 87.22 % 71.46 %
Q3 2021 82.09 % 88.00 % 72.25 %
Q4 2021 82.11 % 88.43 % 72.61 %
Q1 2022 77.26 % 95.40 % 73.71 %
Q2 2022 77.96 % 93.99 % 73.27 %
Q3 2022 75.11 % 100.31 % 75.34 %
Q4 2022 74.17 % 100.60 % 74.62 %
Q1 2023 71.69 % 103.74 % 74.38 %
Q2 2023 72.80 % 101.47 % 73.87 %
Q3 2023 70.64 % 104.44 % 73.78 %
Q4 2023 70.92 % 103.68 % 73.53 %
Q1 2024 72.25 % 100.83 % 72.85 %
Q2 2024 71.81 % 99.89 % 71.73 %
Q3 2024 68.98 % 104.25 % 71.91 %
Q4 2024 64.48 % 110.37 % 71.16 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) EPS Diluted (Riyal) Book Value (BV)
Q1 2015 4,000.00 1.66 1.66 - 10.54
Q2 2015 4,000.00 1.66 1.66 - 11.02
Q3 2015 4,000.00 1.68 1.68 - 11.24
Q4 2015 4,000.00 1.78 1.78 - 11.66
Q1 2016 4,000.00 1.91 1.91 - 11.75
Q2 2016 4,000.00 1.93 1.93 - 12.26
Q3 2016 4,000.00 2.01 2.01 - 12.45
Q4 2016 4,000.00 2.03 2.03 - 12.99
Q1 2017 4,000.00 2.08 2.08 - 12.86
Q2 2017 4,000.00 2.11 2.11 - 13.40
Q3 2017 4,000.00 2.18 2.18 - 13.34
Q4 2017 4,000.00 2.28 2.28 - 13.94
Q1 2018 4,000.00 2.30 2.30 - 12.61
Q2 2018 4,000.00 2.37 2.37 - 13.20
Q3 2018 4,000.00 2.44 2.44 - 12.99
Q4 2018 4,000.00 0.94 2.29 - 12.08
Q1 2019 4,000.00 1.01 2.36 - 12.74
Q2 2019 4,000.00 1.02 2.37 - 12.45
Q3 2019 4,000.00 1.08 2.43 - 12.19
Q4 2019 4,000.00 2.54 2.54 - 12.80
Q1 2020 4,000.00 2.49 2.49 - 12.40
Q2 2020 4,000.00 2.47 2.47 - 12.98
Q3 2020 4,000.00 2.45 2.45 - 13.73
Q4 2020 4,000.00 2.65 2.65 - 14.53
Q1 2021 4,000.00 2.89 2.89 - 14.81
Q2 2021 4,000.00 3.18 3.18 - 14.92
Q3 2021 4,000.00 3.46 3.46 - 15.90
Q4 2021 4,000.00 3.69 3.69 - 16.82
Q1 2022 4,000.00 3.89 3.89 - 17.97
Q2 2022 4,000.00 4.05 4.05 - 18.85
Q3 2022 4,000.00 4.19 4.19 - 19.90
Q4 2022 4,000.00 4.29 4.29 4.23 20.93
Q1 2023 4,000.00 4.29 4.29 4.19 20.68
Q2 2023 4,000.00 4.26 4.26 4.12 21.67
Q3 2023 4,000.00 4.21 4.21 4.04 21.44
Q4 2023 4,000.00 4.16 4.16 3.95 22.56
Q1 2024 4,000.00 4.22 4.22 4.01 22.38
Q2 2024 4,000.00 4.36 4.36 4.14 23.47
Q3 2024 4,000.00 4.59 4.59 4.37 23.73
Q4 2024 4,000.00 4.93 4.93 4.67 24.87

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 14.05 14.05 2.22
Q2 2015 14.91 14.91 2.25
Q3 2015 13.34 13.34 1.99
Q4 2015 11.88 11.88 1.82
Q1 2016 11.06 11.06 1.79
Q2 2016 12.28 12.28 1.94
Q3 2016 10.45 10.45 1.69
Q4 2016 12.62 12.62 1.97
Q1 2017 12.46 12.46 2.02
Q2 2017 13.40 13.40 2.12
Q3 2017 12.30 12.30 2.01
Q4 2017 11.52 11.52 1.88
Q1 2018 13.33 13.33 2.43
Q2 2018 14.77 14.77 2.66
Q3 2018 14.66 14.66 2.75
Q4 2018 37.75 15.51 2.94
Q1 2019 43.73 18.68 3.46
Q2 2019 42.62 18.36 3.50
Q3 2019 36.70 16.29 3.25
Q4 2019 16.10 16.10 3.19
Q1 2020 13.49 13.49 2.71
Q2 2020 14.33 14.33 2.73
Q3 2020 16.78 16.78 2.99
Q4 2020 17.37 17.37 3.17
Q1 2021 21.39 21.39 4.17
Q2 2021 21.82 21.82 4.65
Q3 2021 22.12 22.12 4.82
Q4 2021 24.04 24.04 5.27
Q1 2022 25.83 25.83 5.59
Q2 2022 20.37 20.37 4.38
Q3 2022 19.40 19.40 4.09
Q4 2022 17.78 17.78 3.59
Q1 2023 17.54 17.54 3.55
Q2 2023 17.72 17.72 3.37
Q3 2023 16.81 16.81 3.17
Q4 2023 21.90 21.90 3.83
Q1 2024 20.54 20.54 3.68
Q2 2024 19.31 19.31 3.41
Q3 2024 19.95 19.95 3.67
Q4 2024 20.26 20.26 3.80

Business Segments (Million)

Compared With The
Period Retail Corporate and Institutional Banking Global markets and Treasury Investment Banking and Brokerage Others
Q1 2015 2,589.61 373.42 306.52 152.70 -
Q2 2015 2,561.53 515.14 282.74 175.25 -
Q3 2015 2,417.29 521.88 146.55 109.35 -
Q4 2015 2,812.27 242.32 345.11 194.11 -
Q1 2016 2,687.48 387.37 447.63 172.57 -
Q2 2016 2,917.24 409.74 472.94 156.25 -
Q3 2016 2,823.92 605.71 322.21 126.01 -
Q4 2016 2,589.42 591.98 516.81 114.11 -
Q1 2017 2,932.19 689.54 109.86 121.49 -
Q2 2017 2,673.54 438.84 666.59 97.99 -
Q3 2017 2,787.15 602.89 482.72 103.61 -
Q4 2017 3,445.50 578.22 47.58 127.16 -
Q1 2018 2,770.66 580.10 653.28 138.37 -
Q2 2018 2,874.80 573.65 704.21 135.40 -
Q3 2018 2,968.91 575.21 722.65 116.59 -
Q4 2018 3,009.07 586.02 764.00 146.61 -
Q1 2019 3,164.28 638.35 733.97 102.34 -
Q2 2019 3,429.66 618.86 701.17 111.42 -
Q3 2019 3,500.25 627.28 755.75 97.96 -
Q4 2019 3,496.63 647.44 707.46 151.65 -
Q1 2020 3,470.22 631.90 750.56 114.88 -
Q2 2020 3,400.41 488.18 766.88 152.30 -
Q3 2020 2,996.99 740.72 1,155.71 258.72 -
Q4 2020 3,555.06 784.33 1,174.94 279.47 -
Q1 2021 3,500.80 744.34 1,408.57 293.87 -
Q2 2021 3,533.29 749.68 1,795.10 258.25 -
Q3 2021 3,393.98 860.61 2,108.46 214.63 -
Q4 2021 3,622.46 490.01 2,534.96 207.38 -
Q1 2022 3,240.62 909.28 2,546.87 259.81 -
Q2 2022 3,509.87 1,073.54 2,270.14 278.07 -
Q3 2022 3,875.36 1,260.43 1,850.31 220.36 -
Q4 2022 4,791.59 1,374.36 848.81 249.39 -
Q1 2023 4,027.65 1,498.80 946.90 307.27 -
Q2 2023 4,325.35 1,790.54 457.51 254.05 -
Q3 2023 4,481.11 1,879.25 255.57 256.58 -
Q4 2023 4,657.28 2,202.38 (128.75) 319.92 -
Q1 2024 4,572.51 2,152.96 147.14 356.50 -
Q2 2024 4,992.75 1,865.62 442.03 336.60 -
Q3 2024 5,291.92 1,935.27 860.18 351.72 -
Q4 2024 4,937.26 1,859.11 1,544.92 408.80 -

Analysts Estimates (Million)

Item Q4 2024 (e) Q4 2024 (a) Change‬
Average 5,091.23 5,515.83 8.34 %

Estimates vs Actual (Million)

Item Q4 2024 (e) Q4 2024 (a) Change
Value Capital 5,364.38 5,515.83 2.7 %
Hermes 5,331.00 5,515.83 3.4 %
Riyad Capital 5,329.00 5,515.83 3.4 %
SNB Capital 5,325.00 5,515.83 3.5 %
OSOOL AND BAKHEET 5,294.86 5,515.83 4.0 %
Sico 5,235.00 5,515.83 5.1 %
AlJazira Capital 5,200.30 5,515.83 5.7 %
Citi Bank Group 4,967.00 5,515.83 10.0 %
UBS Saudi Arabia 4,809.00 5,515.83 12.8 %
Arqaam Capital 4,642.00 5,515.83 15.8 %
United Securities Company 4,506.00 5,515.83 18.3 %

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