Al Rajhi Bank Posts SAR 5.9 Billion Q1 2025 Net Income as Total Assets Exceed SAR 1 Trillion for First Time

Al Rajhi Bank, Saudi Arabia's largest Islamic lender, recorded net profit of SAR 5,906 million in the first quarter of 2025, a rise of 34.1% compared with the same period in 2024. The result was disclosed in the bank's earnings release filed with the Saudi Exchange.

Alongside the profit figure, Al Rajhi confirmed that total assets surpassed SAR 1 trillion for the first time. Total operating income for the quarter reached SAR 9.2 billion, representing a 27% increase year-on-year.

FINANCING GROWTH AND ASSET QUALITY

Financing assets — the Sharia-compliant equivalent of a conventional loan book — grew by 19% year-on-year. Non-performing loan coverage stood at approximately 153%.

Return on equity for the quarter came in at 23.1%.

SHAREHOLDERS' EQUITY

Shareholders' equity rose 24% year-on-year to SAR 134 billion.