{"id":220817,"date":"2022-03-07T19:12:55","date_gmt":"2022-03-07T19:12:55","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=220817"},"modified":"2022-03-07T19:12:55","modified_gmt":"2022-03-07T19:12:55","slug":"saudi-banks","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/saudi-banks\/","title":{"rendered":"Profits of listed Saudi banks make great leaps in 2021"},"content":{"rendered":"

Riyadh, (Business News Report)||<\/strong> The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.<\/p>\n

Al-Eqtisadiah newspaper said that the 10 Saudi banks listed on the local market achieved a net profit of 48.73 billion riyals ($12.99 billion) during 2021, compared to 30.53 billion riyals ($8.14 billion) in 2020.<\/p>\n

Meanwhile, the allocations to Saudi banks decreased during 2021 by 24.4% to 12.3 billion riyals ($3.28 billion), compared to 16.3 billion riyals ($4.34 billion) in 2020.<\/p>\n

Funding portfolios grew by 25.7% during the past year compared to the previous year when the growth was 12.8%.<\/p>\n

The newspaper said that the main reason for this is due to the increase in real estate growth by about 1.94 trillion riyals ($52 billion). Deposits also grew by 19.8%, reaching 2.12 trillion riyals ($570 billion).<\/p>\n

Saudi banks and other economic sectors began to overcome the repercussions of the pandemic, which had negative effects on them during 2020 and 2021.<\/p>\n

In December 2021, the Saudi Central Bank said that the assets of the Kingdom’s banks increased during the third quarter of 2021 by more than $14 billion.<\/p>\n

Tadawul<\/h3>\n

In a related context, the Saudi Tadawul Holding Group<\/a> announced an increase in its profits during the past year 2021, driven by the growth of trading services and listing fees.<\/p>\n

Saudi Tadawul said that its profits increased by 17% during the year 2021 compared to its profits in the previous year.<\/p>\n

It should be noted that the Saudi stock market witnessed strong activity last year in terms of the volume of IPO transactions.<\/p>\n

The first financial results of Tadawul, after listing its shares on the Saudi market in December 2021, showed a growth in profits last year by 17.4%, to reach 587.7 million riyals, exceeding the estimates of analysts, who expected profits in the range of 561 million riyals.<\/p>\n

In a statement on Sunday, the Tadawul Board of Directors recommended distributing cash dividends to the company\u2019s shareholders for the fiscal year 2021, at three Saudi riyals per share, equivalent to 30% of the nominal value of the share.<\/p>\n","protected":false},"excerpt":{"rendered":"

Riyadh, (Business News Report)|| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year. Al-Eqtisadiah newspaper said that the 10 Saudi banks listed on the local market achieved a net profit of 48.73 billion riyals ($12.99 billion) during 2021, compared to 30.53 […]<\/p>\n","protected":false},"author":4,"featured_media":220818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[189,278,576],"class_list":["post-220817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-banks","tag-featured","tag-saudi-arabia"],"yoast_head":"\nProfits of listed Saudi banks make great leaps in 2021 | BNReport<\/title>\n<meta name=\"description\" content=\"BNReport| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/saudi-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profits of listed Saudi banks make great leaps in 2021 | BNReport\" \/>\n<meta property=\"og:description\" content=\"BNReport| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/saudi-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-07T19:12:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Saudi-banks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BNR staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BNR staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/\"},\"author\":{\"name\":\"BNR staff\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\"},\"headline\":\"Profits of listed Saudi banks make great leaps in 2021\",\"datePublished\":\"2022-03-07T19:12:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/\"},\"wordCount\":325,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Saudi-banks.jpg\",\"keywords\":[\"Banks\",\"Featured\",\"Saudi Arabia\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/\",\"name\":\"Profits of listed Saudi banks make great leaps in 2021 | BNReport\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Saudi-banks.jpg\",\"datePublished\":\"2022-03-07T19:12:55+00:00\",\"description\":\"BNReport| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Saudi-banks.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Saudi-banks.jpg\",\"width\":700,\"height\":463,\"caption\":\"Saudi banks\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-banks\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Profits of listed Saudi banks make great leaps in 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\",\"name\":\"BNR staff\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/mnsa\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Profits of listed Saudi banks make great leaps in 2021 | BNReport","description":"BNReport| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/saudi-banks\/","og_locale":"en_US","og_type":"article","og_title":"Profits of listed Saudi banks make great leaps in 2021 | BNReport","og_description":"BNReport| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.","og_url":"https:\/\/www.bnreport.com\/en\/saudi-banks\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2022-03-07T19:12:55+00:00","og_image":[{"width":700,"height":463,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Saudi-banks.jpg","type":"image\/jpeg"}],"author":"BNR staff","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"BNR staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/"},"author":{"name":"BNR staff","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e"},"headline":"Profits of listed Saudi banks make great leaps in 2021","datePublished":"2022-03-07T19:12:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/"},"wordCount":325,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Saudi-banks.jpg","keywords":["Banks","Featured","Saudi Arabia"],"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/","url":"https:\/\/www.bnreport.com\/en\/saudi-banks\/","name":"Profits of listed Saudi banks make great leaps in 2021 | BNReport","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Saudi-banks.jpg","datePublished":"2022-03-07T19:12:55+00:00","description":"BNReport| The profits of Saudi banks listed on the stock exchange increased by 59.6% during the past year 2021, compared to the previous year.","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/saudi-banks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Saudi-banks.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Saudi-banks.jpg","width":700,"height":463,"caption":"Saudi banks"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/saudi-banks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Profits of listed Saudi banks make great leaps in 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e","name":"BNR staff","url":"https:\/\/www.bnreport.com\/en\/author\/mnsa\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/220817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=220817"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/220817\/revisions"}],"predecessor-version":[{"id":220820,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/220817\/revisions\/220820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/220818"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=220817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=220817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=220817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}