Riyadh – Mubasher: Al Rajhi Bank posted a 16.31% year-on-year (YoY) growth in net profit to SAR 17.15 billion during 2022, compared to SAR 14.74 billion.

Earnings per share (EPS) stood at SAR 4.24 last year, higher than SAR 3.69 in 2021, according to the financial results.

Al Rajhi Bank registered clients’ deposits of SAR 564.92 billion during the January-December 2022 period, an annual rise of 10.32% from SAR 512.07 billion.

The assets increased by 22.24% YoY to SAR 762.36 billion in 2022 from SAR 623.64 billion, whereas the investments surged by 20.98% YoY to SAR 102.14 billion from SAR 84.43 billion.

Earlier this month, the lender’s board suggested the distribution of SAR 5 billion as cash dividends after Zakat for 2022.

In the first nine months (9M) of 2022, the Saudi bank generated SAR 12.74 billion net profits, up 18.74% YoY from SAR 10.73 billion.