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Saudi banks’ March profits jump 27% on lending boom

Saudi banks’ March profits jump 27% on lending boom

  • Total bank credit reached SR3.1 trillion in March, an annual increase of 16.26%
  • Saudi banks are expected to maintain stable profitability throughout the year
By Dayan Abou Tine ·
Saudi Arabia weekly POS transactions remain above $3bn: SAMA graphic

Saudi Arabia weekly POS transactions remain above $3bn: SAMA

By MIGUEL HADCHITY  ·
Restaurants and cafes lead $2.8bn post-Eid spending in Saudi Arabia: SAMA data graphic

Restaurants and cafes lead $2.8bn post-Eid spending in Saudi Arabia: SAMA data

By Miguel Hadchity ·
Saudi money supply up 9% to hit $791bn in January

Saudi money supply up 9% to hit $791bn in January

By Dayan Abou Tine  ·
Saudi e-commerce sales soar 45% in January, surpassing $5.5bn

Saudi e-commerce sales soar 45% in January, surpassing $5.5bn

By Dayan Abou Tine ·
Tamara Finance approved for credit services, raising Saudi lending companies to 65

Tamara Finance approved for credit services, raising Saudi lending companies to 65

By  Mohammed Al-Kinani ·
Corporate lending pushes Saudi bank loans past $800bn for the first time 

Corporate lending pushes Saudi bank loans past $800bn for the first time 

By Dayan Abou Tine ·
Saudi electronics spending up 4% according to official POS data graphic

Saudi electronics spending up 4% according to official POS data

By Miguel Hadchity ·
Saudi e-commerce sales using Mada cards hit $53bn in 2024

Saudi e-commerce sales using Mada cards hit $53bn in 2024

By Dayan Abou Tine ·
Saudi bank lending hits record $788bn as corporate loans surge

Saudi bank lending hits record $788bn as corporate loans surge

By Dayan Abou Tine ·
Saudi Arabia’s Derayah plans IPO on Tadawul, offering 20% of share capital

Saudi Arabia’s Derayah plans IPO on Tadawul, offering 20% of share capital

By NADIN HASSAN   ·
Saudi reserves at central bank grow to $450bn

Saudi reserves at central bank grow to $450bn

By Dayan Abou Tine ·
Saudi corporate lending sees highest growth in 2 years as bank loans reach $782bn

Saudi corporate lending sees highest growth in 2 years as bank loans reach $782bn

By Dayan Abou Tine ·

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