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Saudi Arabian (Tadawul) Banks Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies10
  • 7D-2.2%
  • 3M2.8%
  • 1Y1.2%
  • YTD-1.6%

Over the last 7 days, the Banks industry has remained flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 9.3% per annum.

Industry Valuation and Performance

Has the Saudi Arabian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025ر.س959.5bر.س147.0bر.س85.1b9.3x11.3x6.5x
Fri, 14 Nov 2025ر.س997.0bر.س147.0bر.س85.1b9.5x11.7x6.8x
Sun, 12 Oct 2025ر.س1.0tر.س143.5bر.س82.5b10.2x12.7x7.3x
Tue, 09 Sep 2025ر.س931.4bر.س143.5bر.س82.5b9.3x11.3x6.5x
Thu, 07 Aug 2025ر.س967.9bر.س143.5bر.س82.5b9.7x11.7x6.7x
Sat, 05 Jul 2025ر.س995.0bر.س139.0bر.س79.5b10.3x12.5x7.2x
Mon, 02 Jun 2025ر.س951.6bر.س139.0bر.س79.5b9.8x12x6.8x
Wed, 30 Apr 2025ر.س1.0tر.س135.8bر.س77.4b10.3x13.1x7.5x
Fri, 28 Mar 2025ر.س1.0tر.س134.2bر.س76.3b10.9x13.7x7.8x
Sun, 23 Feb 2025ر.س1.0tر.س134.2bر.س76.3b10.6x13.5x7.7x
Tue, 21 Jan 2025ر.س999.9bر.س129.7bر.س73.0b10.7x13.7x7.7x
Thu, 19 Dec 2024ر.س951.3bر.س129.7bر.س73.0b10.3x13x7.3x
Sat, 16 Nov 2024ر.س926.4bر.س129.7bر.س73.0b9.9x12.7x7.1x
Mon, 14 Oct 2024ر.س920.3bر.س126.6bر.س70.8b10.3x13x7.3x
Wed, 11 Sep 2024ر.س938.0bر.س126.6bر.س70.8b10.2x13.3x7.4x
Fri, 09 Aug 2024ر.س936.1bر.س124.1bر.س69.0b10.5x13.6x7.5x
Sun, 07 Jul 2024ر.س912.4bر.س123.6bر.س68.6b10.8x13.3x7.4x
Tue, 04 Jun 2024ر.س912.1bر.س123.6bر.س68.6b11x13.3x7.4x
Thu, 02 May 2024ر.س954.2bر.س122.1bر.س67.6b11.7x14.1x7.8x
Sat, 30 Mar 2024ر.س1.0tر.س121.5bر.س67.3b12.4x15x8.3x
Mon, 26 Feb 2024ر.س1.0tر.س121.5bر.س67.3b12.5x15.5x8.6x
Wed, 24 Jan 2024ر.س1.0tر.س119.3bر.س66.6b12.7x15.3x8.6x
Fri, 22 Dec 2023ر.س947.4bر.س119.3bر.س66.6b11.7x14.2x7.9x
Sun, 19 Nov 2023ر.س879.7bر.س119.3bر.س66.6b11.2x13.2x7.4x
Tue, 17 Oct 2023ر.س793.3bر.س116.6bر.س65.3b10.8x12.1x6.8x
Thu, 14 Sep 2023ر.س862.3bر.س116.6bر.س65.3b11.6x13.2x7.4x
Sat, 12 Aug 2023ر.س900.8bر.س116.6bر.س65.3b12.3x13.8x7.7x
Mon, 10 Jul 2023ر.س918.8bر.س113.2bر.س63.6b14.3x14.5x8.1x
Wed, 07 Jun 2023ر.س907.3bر.س113.2bر.س63.6b13.5x14.3x8x
Fri, 05 May 2023ر.س905.8bر.س114.4bر.س61.9b14.2x14.6x7.9x
Sun, 02 Apr 2023ر.س871.3bر.س109.3bر.س60.5b13.7x14.4x8x
Tue, 28 Feb 2023ر.س834.1bر.س107.9bر.س59.6b13.4x14x7.7x
Thu, 26 Jan 2023ر.س938.0bر.س105.5bر.س57.2b15.4x16.4x8.9x
Sat, 24 Dec 2022ر.س908.5bر.س105.5bر.س57.2b16.1x15.9x8.6x
Price to Earnings Ratio

15.9x


Total Market Cap: ر.س908.5bTotal Earnings: ر.س57.2bTotal Revenue: ر.س105.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Banks Industry Price to Earnings3Y Average 13.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Saudi Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.4x which is lower than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Financials industry?

SA Market-2.35%
Financials-2.20%
Banks-2.16%
Diversified Banks-2.16%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 13.6x.
    • Analysts are expecting annual earnings growth of 9.3%, which is lower than the prior year's growth of 13.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 14% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1060 Saudi Awwal Bankر.س32.221.3%
+ر.س821.9m		2.9%PB0.8x

Latest News

1030
ر.س13.02
Saudi Investment Bank
7D
-1.7%
1Y
-11.4%

1030: Higher Revenue And Stable Multiples Will Support Future Upside Potential

Narrative Update on Analyst Price Target Analysts have modestly revised their price target on Saudi Investment Bank to SAR 16.07. This reflects slightly higher forecast revenue growth that is partly offset by expectations for a lower profit margin, while leaving valuation multiples largely unchanged.
1150
ر.س24.50
Alinma Bank
7D
-1.0%
1Y
-14.0%

1150: Stable Profitability Assumptions Will Support Future Share Price Upside

Analysts have modestly increased their price target for Alinma Bank to SAR 31.23 from SAR 31.23, reflecting slightly refined assumptions on discount rates, revenue growth and profitability rather than a fundamental change in outlook. Valuation Changes Fair Value Estimate: unchanged at SAR 31.23, indicating no material shift in the bank's assessed intrinsic value.
1180
ر.س37.20
Saudi National Bank
7D
-1.1%
1Y
12.2%

1180: Share Buyback Completion Will Support Future Shareholder Value

Analysts have modestly increased their price target on Saudi National Bank by 0.00 SAR, citing a slightly lower discount rate and marginally improved long term growth and profitability assumptions, while maintaining an essentially unchanged fair value outlook. What's in the News Completed share buyback of 16,000,000 shares, representing about 0.27% of capital, for a total consideration of SAR 582.35 million under the program announced on April 16, 2025 (Key Developments) Legal ruling in favor of Thimar Development Holding Company, with Saudi National Bank ordered to pay approximately SAR 6.76 million in compensation over disputed cheque deposits into another company’s account (Key Developments) The Thimar case highlights ongoing legal and operational risk related to cheque handling and beneficiary verification processes at Saudi National Bank (Key Developments) Valuation Changes Fair Value Estimate remains unchanged at approximately SAR 47.83 per share, indicating a stable assessment of intrinsic value.
1120
ر.س95.60
Al Rajhi Banking and Investment
7D
-2.7%
1Y
3.6%

Should You Be Adding Al Rajhi Banking and Investment (TADAWUL:1120) To Your Watchlist Today?

Nov 13
Should You Be Adding Al Rajhi Banking and Investment (TADAWUL:1120) To Your Watchlist Today?
1010
ر.س25.82
Riyad Bank
7D
-3.7%
1Y
-8.4%
1140
ر.س24.98
Bank Albilad
7D
-3.9%
1Y
-18.8%
1060
ر.س32.22
Saudi Awwal Bank
7D
1.3%
1Y
2.9%
1080
ر.س21.33
Arab National Bank
7D
-5.6%
1Y
6.1%
1020
ر.س11.19
Bank AlJazira
7D
-4.3%
1Y
-21.2%