Saudi Alawwal Bank (SAB), one of the Kingdom’s largest financial institutions, announced record financial results for the year ending December 31, 2025, with net income after zakat and income tax reaching SAR 8.5 billion, representing a strong 5% increase compared to the previous year. These outstanding results come as the bank prepares to celebrate its centenary in 2026, reflecting a journey marked by success and sustainable growth.
Financial performance details for 2025
The bank's financial data demonstrated overall growth across key performance indicators, underscoring the strength of its strategy and operational efficiency. Key findings included:
- Net income: rose to SAR 8,452 million, an increase of 5% from SAR 8,070 million in 2024.
- Total operating income: grew by 5% to reach SAR 14,724 million, compared to SAR 14,018 million in the previous year.
- Loans and advances portfolio: witnessed significant growth of 15% to reach 299 billion Saudi Riyals.
- Customer deposits: Increased by a remarkable 21% to settle at SAR 323 billion, reflecting the growing customer confidence in the bank.
- Total shareholders’ equity: rose by 14% to reach SAR 79 billion, demonstrating the strength of the bank’s capital base.
Historical context and future outlook
Saudi First Bank boasts a rich heritage as the first bank established in the Kingdom of Saudi Arabia in 1926 (under the name Saudi Hollandi Bank). Its leading position in the Saudi banking sector was further solidified following the historic merger with the Saudi British Bank (SABB) in 2019, a strategic move that created a financial powerhouse combining international expertise with deep local roots. As the bank approaches its centenary, these strong financial results underscore its ability to adapt to changing circumstances and continue its growth trajectory, underpinned by a broad customer base and a diversified business model.
Economic importance and support for Vision 2030
The significance of these results extends beyond mere financial figures, reflecting the pivotal role Saudi Alawwal Bank plays in supporting the national economy and achieving the goals of Vision 2030. The substantial growth in its loan portfolio translates into increased financing for businesses and individuals, supporting major projects, stimulating private sector growth, and contributing to economic diversification. Furthermore, the bank's focus on sustainable financing, with a portfolio exceeding SAR 45 billion and the issuance of USD 1.9 billion in green bonds, positions it at the forefront of institutions supporting the Saudi Green Initiative and enhances the attractiveness of the Saudi financial market to international investors interested in sustainability.
Commenting on the results, Ms. Lubna Olayan, Chair of the Board of Directors of Saudi First Bank, stated: “2025 was a remarkable year in terms of outstanding financial performance, driven by a clear and disciplined execution methodology. This continued performance reflects the strength of our business model, our focus on enhancing operational efficiency, and our commitment to delivering sustainable long-term value for all shareholders.”
She added: “As we prepare to enter the second century of the bank’s journey, we are in a strong position to support the objectives of Saudi Vision 2030 and build on our unique legacy as the first bank in the Kingdom. The diversity of our business model and the strength of our financial position enable us to deal effectively with developments in the financial sector and continue to achieve sustainable growth.”
