Riyad Bank is better than the estimates after its quarterly profit has grown by 20%

Riyad Bank, the third largest bank listed in the Saudi financial market in terms of the market value, increased by 20% in its net profits during the first quarter of 2025 on an annual basis. According to a disclosure of the bank, the bank “Tadawul” was published on the bank, the bank achieved profits of 2.49 billion Riyals, exceeding the average estimates of analysts Bloomberg, amounting to 2.3 billion rows. This achievement came with the growth of total operating income by 10%, with the most important support of the increase in the net of the private commission revenue. Credit cases dropped to 361.7 million Riyals, compared to 436.6 million rows in the same period of last year, contributing to strengthening the bank’s profitability. The results of Riyad Bank were the third largest Saudi bank in terms of assets, in light of a series of financial movements that the bank has seen since the beginning of 2025, which includes strengthening its capital structure by issuing new instruments and recovering existing debt instruments. In February, the bank announced its full recovery from the second -rates of a fixed rate of $ 1.5 billion, which was due in 2030. During January, it was completed, introducing capital instruments of the first segment in Saudi -Riyal in its additional capital instruments, where the value of the offer was determined at 2 billion rialals, from the total of the total value of 10 billion Riyals.