Saudi Banks Report 16% Annual Profit Increase, Reaching 14-Month High
Monday, 8 July 2024, 07:54
Saudi Banks Achieve Record Profits
In a notable financial feat, Saudi banks accumulated SAR7.33 billion ($1.95 billion) in profits for May 2024.
Significant Annual Growth
This achievement signifies a remarkable 16% year-on-year increase in profits.
- 14-Month High: The result highlights the sector's sustained growth, reaching a notable high in over a year.
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.