Saudi banks’ aggregate profit up 0.6% to SAR 6.6 bln in August
- Date: 28-Sep-2023
- Source: Argaam
- Sector:Financial Services
- Country:Saudi Arabia
Saudi banks’ aggregate profit up 0.6% to SAR 6.6 bln in August
Banks operating in Saudi Arabia reported a 0.6% rise in aggregate net profit before Zakat and tax to nearly SAR 6.63 billion in August, compared to SAR 6.59 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 %
2023-June
6.98
24.42 %
2023-July
6.37
9.64 %
2023-August
6.63
0.61 %
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