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    1180   SA13L050IE10

THE SAUDI NATIONAL BANK

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Saudi National Bank : posts 20% rise in quarterly profit

10/24/2021 | 01:30am EST

DUBAI, Oct 24 (Reuters) - Saudi National Bank (SNB), the country's biggest lender, on Sunday posted a nearly 20% rise in third-quarter profit from higher fees.

SNB reported a net profit of 3.8 billion riyals ($1.0 billion) for the quarter that ended on Sept. 30, up from 3.2 billion riyals in the same period a year earlier.

The result was better than the 3.6 billion riyals average analysts' forecast on Refinitiv Eikon data.

The Saudi bank said total operating income increased by 38.4% mainly due to higher net special commission income, foreign exchange income and higher fees from banking services

.($1 = 3.7507 riyals) (Reporting by Hadeel Al Sayegh; Editing by William Mallard)


© Reuters 2021
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Financials
Sales 2021 30 484 M 8 127 M 8 127 M
Net income 2021 12 743 M 3 397 M 3 397 M
Net Debt 2021 - - -
P/E ratio 2021 22,7x
Yield 2021 2,47%
Capitalization 285 B 76 032 M 76 034 M
Capi. / Sales 2021 9,36x
Capi. / Sales 2022 8,51x
Nbr of Employees 13 334
Free-Float 48,6%
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Number of Analysts 13
Last Close Price 64,30 SAR
Average target price 69,06 SAR
Spread / Average Target 7,40%
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Managers and Directors
Faisal Omar Al-Sakkaf Chief Executive Officer
Lama Ahmed Ghazzaoui Chief Financial Officer & Head-Strategy
Saeed bin Mohammed Al-Ghamdi Chairman
Omar Mohammed Hashem Group Head-Digital & Technology
Fuad Abdullah Al-Harbi Head-Compliance
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