AI Summary
SNB and Al Rajhi Bank announced their financial results for 2025 showing strong profits and notable growth in operating performance
Saudi Arabia’s largest two banks, Saudi National Bank (SNB) and Al Rajhi Bank, announced today, Jan. 27, their financial results for 2025, which showed strong profits and notable growth in operating performance, amid differences in market valuations and cash dividend distributions.
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Comparing Al Rajhi Bank & SNB |
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Indicator |
Al Rajhi Bank |
SNB |
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Price on Jan. 26 Close (SAR) |
106.30 |
43.14 |
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Net Profit in 2025 (SAR bln) |
24.79 |
25.01 |
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Increase in Net Profit (%) |
26 % |
18 % |
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EPS (SAR)* |
5.85 |
4.04 |
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P/E (x) |
18.17 |
10.68 |
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ROAE |
23.24 % |
13.98 % |
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Provisions by 2025-End (SAR bln) |
2.32 |
1.03 |
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Assets (SAR bln) |
1043.27 |
1210.03 |
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Increase in Assets (%) |
7.3 % |
9.6 % |
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Financing & Loans Investments (SAR bln) |
752.76 |
729.31 |
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Increase in Financing Investments (%) |
8.6 % |
11.5 % |
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Customer Deposits (SAR bln) |
667.29 |
636.09 |
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Increase in Customer Deposits (%) |
1.9 % |
9.7 % |
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Cash Dividend 2025 (SAR) |
2.50 |
2.00 (Estimate) |
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Cash Dividend Payout Ratio |
2.55 % |
4.40 % |
*Cost of bonds and treasury shares is taken into account.
** Assuming SAR 1 dividend per share for H2 2025, similar to H1 2025 distribution.
Al Rajhi Bank demonstrated stronger operational efficiency and profit growth, supported by a higher return on equity (ROE) and the announcement of annual cash dividends of SAR 2.5 per share, despite its higher valuation and provisions levels.
In contrast, SNB is characterized by a larger asset base and stronger growth in loans and deposits, in addition to a lower valuation and a higher dividend yield, with relatively lower credit provisions.
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