The logos of Al Rajhi Bank and the National Bank of Saudi Arabia
Today, the two largest Saudi banks, the National Bank of Saudi Arabia and Al Rajhi Bank, announced their financial results by the end of 2025, which showed strong profits and remarkable growth in operational performance, amid differences in market valuations and cash distributions.
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Comparison between Al-Ahly and Al-Rajhi
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Indicator
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Al Rajhi Bank
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National Bank
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Price – SAR (close of January 26 session)
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106.30
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43.14
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Net profits in 2025 – one billion riyals
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24.79
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25.01
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26 %
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18 %
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Earnings per share – riyals *
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5.85
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4.04
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Earnings multiple (times)
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18.17
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10.68
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Return on average shareholders’ equity
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23.24 %
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13.98 %
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Allocations by the end of 2025 – one billion riyals
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2.32
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1.03
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Assets – billion riyals
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1043.27
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1210.03
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Growth in assets
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7.3 %
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9.6 %
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Financing investments and loans – one billion riyals
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752.76
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729.31
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Growth in financing investments – %
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8.6 %
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11.5 %
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Customer deposits – one billion riyals
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667.29
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636.09
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Growth in customer deposits – %
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1.9 %
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9.7 %
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Cash dividends 2025 – riyals
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2.50
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2.00 (default)
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| Cash dividend yield | 2.55 % | 4.40 % |
*Taking into account the costs of bonds and treasury shares
**Assuming that riyals will be distributed for the second half like distributions for the first half.
Al Rajhi Bank demonstrated superiority in operating efficiency and profit growth, supported by the high return on shareholders’ equity and the announcement of annual cash dividends amounting to 2.5 riyals per share, despite the high valuation and level of allocations.
In contrast, the Saudi National Bank is characterized by a larger asset base and higher growth in loans and deposits, in addition to a lower valuation and higher dividend yield, with relatively low credit allocations.
