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Saudi Banks Profit Hits 8.23B Riyals in April
Saudi banks' profits increased by 6.1% in April 2026, reaching 8.238 billion riyals compared to the same month last year. Additionally, their profits before Zakat and taxes at the end of the first quarter of 2026 rose by 6.4%, totaling 26.828 billion riyals, compared to approximately 25.207 billion riyals in the first quarter of 2025. The profits of listed banks in the Saudi market for the first quarter of 2026 amounted to around 23.95 billion riyals, a 7.6% increase from the previous year. The profits recorded in 2025 are the highest annual profits before Zakat ever registered by banks in their history.
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