Bank Aljazira posts higher profits at nearly SAR 951m in 9M-24 - Mubasher Info

BJAZ
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Riyadh – Mubasher: Bank Aljazira witnessed 28.35% higher net profits at SAR 950.70 million in the first nine months (9M) of 2024, compared to SAR 740.70 million in 9M-23.

The bank reported earnings per share (EPS) amounting to SAR 0.83 in 9M-24, up year-on-year (YoY) from SAR 0.68, according to the interim financial statements.

Bank Aljazira registered clients’ deposits valued at SAR 103.34 billion as of 30 September 2024, marking an annual surge of 14.01% from SAR 90.64 billion.

Assets climbed by 12.32% YoY to SAR 145.19 billion in 9M-24 from SAR 129.25 billion, while investments declined by 1.15% YoY to SAR 36.06 billion from SAR 36.48 billion.

Financials for Q3-24

The Saudi lender’s net profits reached SAR 332.70 million in the third quarter (Q3) of 2024, higher by 20.54% than SAR 276 million in Q3-23.

On a quarterly basis, the Q3-24 profits grew by 4.75% from SAR 317.60 million in April-June 2024.

Source: Mubasher Source: {{details.article.source}}