Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced today the Bank’s financial results for the period ending 30 September, 2024. For the first nine months of 2024, SAB recorded a net profit after zakat and income tax of SR5,944 million, representing a year-on-year increase of 16%. Total operating income rose by 10% to reach SR10,467 million. Lubna Olayan, Chair of SAB, commented: “I am pleased to share that SAB continues to demonstrate a robust financial performance. Our results for Q3 2024 demonstrate the success of the bank's strategy, with continued growth and strong performance across all customer segments. Our year-to-date Return on Tangible Equity (RoTE) reached an impressive 15.8%.