Banque Saudi Fransi Reports 59.9 Million Riyal Profit
Arabia Media reported a profit of 59.9 million riyals for the first quarter of this year. This marks the company's first profitable quarter following 14 consecutive quarters of losses. The financial turnaround occurred during the first quarter of 2026. The bank attributed the performance to an increase in the average selling price and a reduction in expenses. Shareholders are invited to an ordinary general assembly meeting scheduled for May 19. The meeting will include voting on board member remuneration totaling 16.16 million riyals for the year 2025. The assembly will also vote on the board's recommendation regarding dividend distributions.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
SBA Al-Ekhbariya
“تحول إلى الربحية في الربع الأول بعد 14 ربعا من الخسائر بس العربية تحقق أرباحا ب59 مليون 900 ألف ريال في الربع الأول من هذا العام”
SBA Al-Ekhbariya
“أرباحا ب59 مليون 900 ألف ريال في الربع الأول من هذا العام”
SBA Al-Ekhbariya
“أرباحا ب59 مليون 900 ألف ريال في الربع الأول من هذا العام من ارتفاع متوسط سعر البيع والخفاض المصرفات”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade