The Saudi National Bank (1180) Investor presentation summary

Business profile and market position

• Largest banking group in Saudi Arabia with diversified operations across 9 countries and advanced digital capabilities, serving 14.2 million customers and holding a 28% market share in domestic banking assets.

• Maintains leading positions in wholesale banking, treasury, asset management, and brokerage, ranking #1 in several segments in KSA and among the top 3 in the GCC.

• Robust credit ratings from S&P, Fitch, Moody’s, and Capital Intelligence, with a stable or positive outlook.

Operating environment

• Benefiting from a supportive macroeconomic environment in Saudi Arabia, with stable oil prices, positive GDP growth, and controlled inflation.

• The banking sector remains strong, with healthy lending growth, stable loan-to-deposit ratios, and resilient liquidity.

Strategy and operational update

• Focused on revenue and profit leadership, digital transformation, operational excellence, and ESG integration.

• Achieved SAR 10.3bn net income in 1H 2024, with 16.3% ROTE and a domestic cost/income ratio of 25.2%.

• Enhanced digital platforms and customer experience, with high digital penetration and improved staff engagement.