Riyadh – Mubasher: Saudi Awwal Bank (SAB) posted net profits to the owners worth SAR 2.08 billion in the first quarter (Q1) of 2026, signaling a 2.29% decrease from SAR 2.13 billion in Q1-25.
The earnings per share (EPS) went down to SAR 0.94 in Q1-26 when compared with SAR 0.98 in the same quarter a year ago, according to the income statements.
Moreover, the net profits before Zakat and income tax declined by 1.55% to SAR 2.41 billion during the January-March 2026 period from SAR 2.44 billion in Q1-25.
SAB witnessed a 14.10% growth in client deposits to SAR 331.41 billion in Q1-26, compared to SAR 290.44 billion in Q1-25.
The assets of the Saudi lender increased annually by 7.69% to SAR 459.74 billion in Q1-26 from SAR 426.87 billion in Q1-25.
Meanwhile, the investments shrank by 4.92% to SAR 99.55 billion in Q1-26 from SAR 104.70 billion in the same quarter a year earlier.
In 2025, the Saudi bank SAB delivered net profits before Zakat and income tax of SAR 9.69 billion and the total assets reached SAR 454.45 billion at the end of December.
