Saudi Arabia

Saudi Arabia's banking system held SAR4.83tn (US$1.29tn) of assets at end-2025, roughly equal to annual GDP. It is concentrated: Saudi National Bank and Al Rajhi Bank reported consolidated assets of US$322.7bn and US$278.2bn, equivalent to about 47% of sector assets, followed by Riyad Bank and SAB. Islamic banks such as Al Rajhi Bank and Alinma Bank compete with conventional banks that also offer Sharia-compliant products. Lending is predominantly domestic and private-sector: banks' claims on the private sector reached SAR3.12tn in February 2026.