The profits of the Saudi Development Bank in the first quarter without expectations

The profits of the Saudi Development Bank came slightly in the first quarter of 2025 than the average expectations of analysts, after achieving a net profit of 1.51 billion rows, compared to the “Bloomberg” estimates, which indicated 1.52 billion Riyals, although the bank scored the annual growth by 14.7. According to a statement published on the Saudi Stock Exchange website, “Tadawul”, the bank attributed this increase to an increase in the total of the operations by 9.7% 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 high currencies. 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.