Financial and investment returns support the growth of the profits of the Saudi Development Bank 15%

The profits of the Saudi Development Bank came in the first quarter of 2025 in accordance with the average expectations of analysts, after achieving a net profit of 1.51 billion rows. The profits grew by 14.7%during that period, according to a statement published on the Saudi Stock Exchange website “Tadawul”. The bank attributed this increase in total operating income on an annual basis on an annual basis in the first three months of this year, supported by the growth of net income from financing and investment, in addition to the revenue for the transfer of high currency. At the same time, credit losses fell 14.4% annually to 226.3 million Riyals at the end of March. The Bank board approved the distribution of cash dividends for the first quarter, at 0.3 Riyals per share, with a total of 746.2 million rows, provided the date of justice is on May 13, and the profits are distributed on the 27th of the same month.