Riyadh – Mubasher: The Saudi National Bank (SNB) recorded net profits valued at SAR 12.15 billion in the first half (H1) of 2025, an annual rise of 18.39% from SAR 10.27 billion.

Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, up from SAR 1.66 in H1-24, according to the interim financial statements.

SNB reported 4.10% year-on-year (YoY) higher clients' deposits at SAR 658.67 billion in the first six months (6M) of 2025, compared to SAR 632.69 billion.

The assets jumped by 10.37% to SAR 1.20 trillion in H1-25 from SAR 1.08 trillion in H1-24, while the investments grew by 10.01% to SAR 315.46 billion from SAR 286.73 billion.

Results for Q2

In the second quarter (Q2) of 2025, the bank’s net profits hit SAR 6.13 billion, higher by 17.31% YoY than SAR 5.23 billion.

Quarterly, the Q2-25 net profits hiked by 1.90% from the SAR 6.02 billion generated in Q1-25.

Facility Deal

Arabian Internet and Communications Services Company (solutions) renewed its banking facility agreement with SNB on 20 July 2025.

The Islamic Sharia-compliant agreement includes short-term banking facilities amounting to SAR 1 billion as well as a medium-term used financing valued at SAR 500 million.

The telecom company will use the loan to issue a letter of credit (LC)/ letter of guarantee (LG), while supporting its working capital.

As for the medium-term, the financing was used on 27 June 2022 to back the acquisition of Giza Systems Company.