Al Rajhi Bank reported full-year 2024 net income of SAR 19.7 billion, an 18.7% increase on the prior year, according to the results the bank disclosed on the Saudi Exchange (Tadawul). Net financing and investment income rose 16.8% over the year.
Total operating income grew 16.4% year-on-year. The balance sheet expanded by 20.6% during 2024.
DIVIDENDS, CAPITAL AND FUNDING
Al Rajhi Bank's dividends for 2024 total SAR 10.84 billion, equivalent to SAR 2.71 per share, comprising an interim SAR 1.25 per share paid in August 2024 and SAR 1.46 per share for the second half recommended by the board on 28 January 2025, subject to shareholder approval.
The Tier 1 ratio eased to 19.3% from 20.4% a year earlier. Current and savings accounts made up 73.4% of the bank's deposits.