SAIB profits soar 6% to SAR 1.53B in 9M 2025; Q3 at SAR 518.4M

The Saudi Investment Bank's (SAIB) net earnings amounted to SAR 1.53 billion by the end of the first nine months of 2025, marking a 6% hike from SAR 1.45 billion during the same period last year.

The TASI-listed bank’s annual profit growth was supported by a 0.5% year-on-year (YoY) rise in net special commission income, mainly driven by higher gross special commission income. However, this was partially offset by the increased gross special commission expenses.

Gross operating income also climbed by 2.3% in 9M 2025, reflecting stronger FOREX fees, higher income from banking services, and gains from derecognition of debt instruments at fair value through other comprehensive income. This came despite a partial decline in fair value through profit or loss for the same period.

Moreover, gross operating expenses decreased by 2% YoY in 9M 2025, mainly due to lower general and administrative costs, as well as reduced rent and building expenses. However, this was partially offset by higher staff-related expenses, depreciation, and amortization.

The net provision for expected credit losses and others also contracted by 11.3%, primarily reflecting improved credit quality across the loans and advances portfolio.

In Q3 2025, SAIB’s bottom line edged up by 0.1% to SAR 518.4 million, from SAR 517.8 million a year ago.

Compared to Q2 2025, profits also increased by 1.2% from SAR 512.5 million as gross operating expenses dropped 6% on a sequential basis.

Shareholders’ equity, no minority interest and after sukuk, stood at SAR 16.4 billion by the end of Sept. 30, 2025, compared to SAR 15.7 billion in the year-earlier period.

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