SAUDI NATIONAL BANK-

Saudi National Bank (SNB) saw its net income increase 19.5% y-o-y to SAR 6 bn in 1Q 2025 — its highest quarterly net income on record — driven by a 7.6% rise in total operating income and a 16.7% decrease in operating expenses, it said in a disclosure to Tadawul. SNB’s total income from financing grew 2.6% y-o-y to SAR 10.9 bn, while its total income from investments went up 16.8% y-o-y to SAR 3.4 bn.

Shattering expectations: The earnings beat analyst estimates across operating income and EPS metrics, with CI Capital praising the results as “stellar,” Bloomberg reports. The results come amid the rollout of a new three-year strategy under CEO Tareq Abdulrahman Al Sadhan to boost operations and stock performance.

AL RAJHI BANK-

Al Rajhi Bank’s net income rose 34.1% y-o-y to SAR 5.9 bn in 1Q 2025, it said in a disclosure to Tadawul. Total income from financing grew 18.6% y-o-y to SAR 10.93 bn, while total income from investments climbed 40.9% y-o-y to SAR 2.24 bn.

ALDREES PETROLEUM AND TRANSPORT SERVICES-

Aldrees Petroleum and Transport Services posted a 29.3% y-o-y increase in net income to SAR 100.1 mn in 1Q 2025, supported by solid performance across its Petrol and Transport divisions, increased income from deposits and Sukuk, and stronger returns from a JV, it said in a disclosure to Tadawul.

MEANWHILE- Revenue rose 33.8% y-o-y to SAR 5.8 bn over the same period, driven by an expanded station network and improved transport rates.