Riyadh – Mubasher: The net profits of Al Rajhi Bank amounted to SAR 19.72 billion in 2024, an annual rise of 18.66% from SAR 16.62 billion.
The clients' deposits hit SAR 628.23 billion last year, marking a 9.62% growth from SAR 573.10 billion in 2023, according to the financial results.
Earnings per share (EPS) stood at SAR 4.67 in the 12-month period that ended on 31 December 2024, compared to SAR 3.95 in 2023.
The assets hiked by 20.58% YoY to SAR 974.38 billion as of 31 December 2024 from SAR 808.09 billion, while the investments climbed by 31.23% YoY to SAR 175.03 billion from SAR 133.37 billion.
During the nine-month period that ended on 30 September 2024, the bank’s net profits enlarged by 14.09% to SAR 14.20 billion from SAR 12.45 billion in the year-ago period.
Dividends Proposal
The board members of Al Rajhi Bank recommended cash dividends valued at SAR 5.84 billion for the second half (H2) of 2024.
The Saudi lender will disburse cash dividends after Zakat worth SAR 1.46 per share, equivalent to 14.60% of the share nominal value, for 4 billion eligible shares.
