Theme of the Year
Theme of the Year
Theme of the Year
Sustaining leadership.
Accelerating innovation.
This year, we reaffirmed our position as an innovative leader in the Saudi banking sector, delivering record-breaking results that reflect our strategic purpose and aspirations. With % 8.1 billion in net income, a 15% year-on-year increase, and a loan portfolio surpassing % 266 billion, we demonstrated our ability to lead in the face of a complex and ever-evolving landscape. These achievements go beyond numbers – they symbolise our unwavering commitment to driving value for our stakeholders while aligning with the transformative ambitions of Vision 2030. As the Kingdom advances, we continue to shape and support its future through unparalleled financial solutions across key sectors like energy, construction, and real estate.
Innovation is woven into our DNA, and this year we took bold steps to ensure it defines our future. By transforming our digital office into an innovation-led hub and launching our Innovation Centre, we have created an engine of progress that is already delivering results. From pioneering initiatives in Open Banking and Virtual Assets to advancing ESG-focused solutions, we have taken major strides in building our bank-of-the-future, as we continue to leverage our unique partnership with the HSBC Group to provide our customers with exclusive solutions. These efforts are already enhancing efficiency, unlocking new revenue streams, and ensuring that our customers and partners experience the cutting-edge solutions they need to thrive.
As we move forward, we are building a bank that is resilient, forward-looking, and prepared to seize the opportunities of tomorrow. Whether it’s fostering a culture of excellence among our employees, refining our operations for peak efficiency, or redefining banking for the new economy, we remain focused on delivering exceptional value to our investors and partners. 2024 was a defining year, but we are now primed for something much greater. We are accelerating towards our ambitions with clarity and confidence, as a transformative force driving progress for our stakeholders and the Kingdom alike.