Stock Analysis
- Saudi Arabia
- /
- Banks
- /
- SASE:1030
Saudi Investment Bank First Quarter 2024 Earnings: EPS: ر.س0.43 (vs ر.س0.31 in 1Q 2023)
Saudi Investment Bank (TADAWUL:1030) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س995.1m (up 13% from 1Q 2023).
- Net income: ر.س442.4m (up 13% from 1Q 2023).
- Profit margin: 45% (in line with 1Q 2023).
- EPS: ر.س0.43 (up from ر.س0.31 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saudi Investment Bank Earnings Insights
Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Saudi Arabia.
Performance of the Saudi Banks industry.
The company's shares are down 1.2% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Saudi Investment Bank that you should be aware of before investing here.
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About SASE:1030
Saudi Investment Bank
Provides commercial and retail banking services to individuals and small to medium-sized businesses, and corporate and institutional customers in the Kingdom of Saudi Arabia.
Flawless balance sheet established dividend payer.