Al Rajhi Banking and Investment (1120) Investor presentation summary

Strategic positioning and market leadership

• Maintains status as the world's largest Islamic bank and the top bank in Saudi Arabia by assets, market cap, and customer base.

• Holds leading market shares in personal loans, mortgages, auto loans, and retail banking products.

• Operates the largest distribution network in Saudi Arabia, with 512 branches, 4,420 ATMs, and over 726,000 POS terminals.

• Achieved a high Net Promoter Score (NPS) of 84% and a 72% CASA deposit ratio.

• Female workforce participation reached 30%, with significant growth in female customers.

Financial performance and growth

• Net income after zakat grew 14% YoY to SAR 14.2bn for 9M 2024, marking the highest-ever 9M net income.

• Total assets increased by 12.7% YoY to SAR 903bn, with net financing up 9.9% and customer deposits up 10%.

• Operating income rose 13.8% YoY, driven by higher net yield and fee income.

• Cost to income ratio improved to 25.4%, reflecting strong cost efficiencies.

• Return on equity reached 20.47%, and return on assets was 2.22% for 9M 2024.

Asset quality, risk, and capital

• NPL ratio increased slightly to 0.79%, with NPL coverage at 165%, indicating robust asset quality.

• Cost of risk rose to 0.33%, mainly due to financing portfolio growth.

• Capital adequacy ratio remained strong at 20.7%, well above regulatory requirements.

• Liquidity coverage ratio (LCR) stood at 116.5%, and NSFR at 109%, both comfortably above regulatory minima.