‎Saudi banks’ aggregate profit rises 14% in May

‎Saudi banks’ aggregate profit rises 14% in May

Banks operating in Saudi Arabia reported a 14% rise in aggregate net profit before Zakat and tax to nearly SAR 6.33 billion in May, compared to SAR 5.54 billion a year earlier, monthly data issued by the Saudi Central Bank (SAMA) showed.

The data covers the results of Tadawul-listed banks and some foreign banks operating in Saudi Arabia.















Total Profits of Saudi Banks (Billion)











Period

Total Profit

Change







2023-January



6.41

18.48 %







2023-February



5.18

7.47 %







2023-March



7.43

23.22 %







2023-April



5.78

3.40 %







2023-May



6.33

14.26 %







2022-January



5.41

5.05 %







2022-February



4.82

54.98 %







2022-March



6.03

50.00 %







2022-April



5.59

27.63 %







2022-May



5.54

21.76 %







2022-June



5.61

44.96 %







2022-July



5.81

54.52 %







2022-August



6.59

21.81 %







2022-September



5.84

(1.52 %)







2022-October



6.08