Saudi Banks' Aggregate Profit Surges to $2 Billion, Reaching 14-Month Peak
Sunday, 7 July 2024, 07:09
Saudi Banks Reach $2bn Profit Milestone
Saudi banks have reported a noteworthy achievement with an aggregate profit of $2 billion in May, marking a significant rise from earlier months.
Key Highlights:
- Cumulative Profit Growth: 16% annually
- Excludes Zakat and Taxes
- Year-to-Date Performance
The disclosed data by the Saudi Central Bank unveils a positive trend in the financial sector, highlighting the robust performance of banks in the region.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.