Riyadh: For the development of any country, the stability of its economy is essential and the performance of banks cannot be ignored for the improvement of the economy.
In this regard, the report of the government institutions of Saudi Arabia is pointing towards the good decimals of the kingdom, according to the media, Saudi banks achieved significant success this financial year.
During the first 6 months of this year 2022, 10 Saudi banks earned 33.63 billion riyals, their hourly profit rate was 7.7 million riyals.
According to Saudi media, Al-Ahli Bank and Al-Rajhi Bank earned 58.93 percent profit compared to other banks during the first six months of this year.
The report states that 10 banks in Saudi Arabia earned a total profit of 33.63 billion Rials during the first half of this year, meaning their daily profit is 185.82 million Rials.
Banks earned 7.74 million Rials per hour, after deducting Zakat and taxes, the net profit of banks was 6.84 million Rials per hour.
The report states that the profit earned by 10 Saudi banks before zakat is 33.63 billion riyals and after paying zakat, the profit was 29.73 billion riyals.
