The Saudi National Bank (1180) Investor presentation summary

Business overview and market position

• Largest banking group in Saudi Arabia with diversified operations and presence in 9 countries, serving 14.2 million customers and holding a 28% market share in assets domestically.

• Maintains leadership in KSA across assets, financing, deposits, and operating income, and ranks among the top three in the GCC.

• Advanced digital capabilities with 87% retail and 72% wholesale user penetration, and strong POS market share.

• Robust credit ratings from S&P, Fitch, Moody’s, and Capital Intelligence, with a market capitalization of SAR 241.2 billion.

Operating environment

• Supportive macroeconomic backdrop with stable oil prices, positive non-oil GDP growth, and manageable inflation.

• Banking sector remains strong, with healthy lending and deposit growth, stable loan-to-deposit ratios, and resilient money supply.

Strategy and operational update

• Focus on value growth in wholesale and retail, digital dominance, operational excellence, and customer centricity.

• Achieved 1Q 2024 net income of SAR 5 billion, 16.1% ROTE, and 94% customer fulfillment rate.

• Continued investment in automation, digitization, and employee engagement through SNB Academy.