Saudi National Bank, known as SNB, is the largest commercial bank in the Kingdom of Saudi Arabia in terms of assets and operational scale, playing a pivotal role in the Saudi banking sector. The bank was established in its current form in 2021 following the merger of the National Commercial Bank with Samba Financial Group, becoming a leading banking entity with a strong influence on the financial landscape of the Kingdom. The bank's shares are traded on the Saudi stock market under the symbol 1180, and it is considered one of the leading stocks with a prominent presence in the general index (TASI).
In recent years, Saudi National Bank has witnessed significant growth in assets, deposits, and loans, alongside a continuous focus on digital transformation and the development of banking services for individuals and businesses. The bank enjoys a strong shareholder base, led by the Public Investment Fund, and represents a model for banks that combine traditional services with financial innovation. This article will provide a comprehensive analysis of the bank's recent performance, key financial indicators and developments, its competitive position, as well as a thorough review of financial data and the most pressing questions for investors. For more details about the stock, you can visit the official stock page on Tadawul at (/stocks/1180/).
Definition of Saudi National Bank and Its Position in the Financial Market
Saudi National Bank holds an exceptional position in the Saudi banking sector, not only in terms of assets exceeding 1.07 trillion riyals by the end of Q1 2024, but also in its leading role in financing major projects and supporting the national economy. The bank has a wide network of branches and ATMs spread across all regions of the Kingdom, offering traditional and Islamic banking services for individuals and businesses.
Saudi National Bank is considered one of the banking entities trusted by investors and clients, especially after its merger with Samba Financial Group. This merger has enhanced capital, diversified products and services, and achieved higher operational efficiency. The bank is listed on the Saudi stock market under the symbol 1180 and is classified as a leading stock, contributing significantly to the general market index (TASI), making it a focal point for those monitoring the Saudi financial markets.
Ownership Structure: Who Leads Saudi National Bank?
The ownership of Saudi National Bank is a mix of government entities and local and international investors, with the Public Investment Fund (PIF) holding a strategic stake estimated at about two-thirds of the bank's shares. Additionally, investors from private financial institutions and international entities participate in the shareholder structure, adding further weight to the bank in the local and regional market.
At the management level, a board of directors with diverse banking and financial expertise oversees the bank's general policies, with Tarek Abdul Rahman Al-Sadhan appointed as CEO starting May 2024. This governance and management approach reflects the bank's commitment to leveraging leadership expertise in the growth and integration phase post-merger, enhancing its ability to face regulatory and competitive challenges in the banking sector.
Price of Saudi National Bank Stock (1180) and Recent Developments
Saudi National Bank's shares are traded on the Saudi stock market under the symbol 1180 and are among the most prominent stocks in the financial sector in terms of liquidity and trading volume. By the end of 2025, the stock price stabilized at levels close to 37 Saudi riyals, noting that this price may change according to daily market conditions or any capital actions such as stock splits.
The bank's stock has experienced relative stability in its price performance over the last two years compared to its peers in the sector, supported by strong financial results and regular dividend distributions. It is noted that the bank has conducted or announced a stock split (for example, 4 shares for each old share), which affects the nominal price of the stock without impacting the total market value of the portfolio. For real-time pricing and recent trading history, it is advisable to follow the Tadawul platform or the stock page (/stocks/1180/).
Key Financial Indicators: P/E Ratio and Dividend Yield
The financial indicators for Saudi National Bank's stock show competitive performance in the Saudi banking sector. The price-to-earnings (P/E) ratio for the stock ranges between 4 to 6, which is relatively low given the profits achieved, reflecting the stock's attractiveness to investors seeking stability and regular returns.
Regarding the dividend yield, the annual average yield was 4–5% over the past year, which is relatively high in the banking sector. This rate reflects the bank's policy of distributing a good portion of net profits to shareholders, enhancing the stock's appeal as a source of periodic income. It is important to review the bank's quarterly and annual financial reports to understand the actual distribution rates and their impact on stock valuation.
Financial Growth: Revenues, Profits, and Assets in 2024–2025
Saudi National Bank recorded balanced growth in revenues and profits during 2024, with continued increases in loans and deposits. In Q1 2024, the bank announced a net profit of 5.04 billion Saudi riyals, a slight increase from the same period last year. Loans increased by 10.4% to reach 625.2 billion riyals, and customer deposits grew by 7.4% to 656.3 billion riyals.
The bank demonstrated a clear ability to maintain asset quality despite a 52% increase in credit loss provisions on a quarterly basis. Overall, the bank maintained annual revenue growth ranging between 1-3%, supported by expansions in financing and investment activities. These figures indicate the bank's financial strength and stability, with the ability to withstand operational pressures and achieve sustainable returns.
Saudi Banking Sector: Competitive and Regulatory Context
Saudi National Bank falls within the Saudi banking sector, which is one of the largest sectors in terms of market value and trading volume in the stock market. The sector is characterized by relative stability, with strong competition among major banks in providing banking services to individuals and businesses, and embracing digital innovation.
Saudi banks are supervised by the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority, imposing strict standards on capital, liquidity, and risk management. The banking sector plays a major role in financing Vision 2030 projects and keeps pace with economic changes by expanding Islamic products and digital transformation. Saudi National Bank holds a leading position in this sector, with the ability to seize opportunities and achieve sustainable growth.
Main Competitors of Saudi National Bank
Saudi National Bank faces strong competition from several major Saudi banks, most notably Al Rajhi Bank, which is the largest by market value, as well as Saudi French Bank, Riyad Bank, and Alinma Bank. These banks differ in their strategies and strengths, with some focusing on Islamic services while others specialize in corporate financing or digital innovation.
The merger of the National Commercial Bank with Samba Financial Group has strengthened Saudi National Bank's position against competitors and increased its market share in lending and deposits. The bank's performance is often compared to its competitors in terms of profits, asset quality, and distribution volumes. This competitive environment drives Saudi banks to provide better services and develop products that meet customer expectations.
Digital Transformation and Electronic Banking Services
Saudi National Bank places great importance on digital transformation, having launched numerous initiatives to develop online banking services and mobile applications. These services include remote account opening, electronic transfers, and digital payments, along with partnerships with fintech companies to enhance the customer experience.
Through these steps, the bank aims to keep pace with global trends and meet the needs of the new generation of customers, aligning with the Saudi government's digital transformation strategy. This transformation also contributes to improving operational efficiency and reducing costs, positively impacting the bank's profitability and competitiveness in the banking market.
Administrative Developments and Their Impact on Performance
Saudi National Bank has witnessed significant administrative changes during 2024, most notably the appointment of Tarek Abdul Rahman Al-Sadhan as the new CEO. This change is part of the bank's strategy to enhance leadership and guide the merged entity towards achieving sustainable growth objectives.
Effective management plays a pivotal role in achieving integration between human and technological resources, leading digital transformation, and managing operational and credit risks. The new management aims to enhance transparency and achieve the highest levels of governance, ensuring sustainable growth and trust from both investors and clients.
Dividend Distributions and Shareholder Return Policy
Saudi National Bank is characterized by a regular dividend distribution policy, allocating a substantial portion of net profits for cash distributions. The average dividend yield over recent years has been 4–5% of the stock price, making it one of the preferred banks for investors seeking periodic income.
The value of annual distributions depends on the bank's financial results, capital management policy, and general economic conditions. It is recommended to review the bank's official announcements to know the dates and details of annual distributions and the due date for each year.
Key Risks and Challenges Facing the Bank
Saudi National Bank faces several challenges and risks that may affect its performance, most notably fluctuations in oil prices that impact the Saudi economy in general, and changes in local and global interest rates that affect profit margins. The risk of default on some loans is also prominent, especially as the bank expands lending for major projects.
Additionally, there is intense competition from other banks and regulatory changes that impose increasing capital requirements. The bank addresses these risks by enhancing credit quality, diversifying its loan portfolio, and strictly adhering to the financial control standards imposed by regulatory authorities.
Future Growth Strategies of Saudi National Bank
Saudi National Bank focuses its future strategies on expanding financing for major projects, developing digital banking services, and enhancing its position in the real estate financing and small and medium enterprises sectors. The bank also aims to increase partnerships with local and global financial and technological institutions to benefit from advanced expertise.
These strategies target meeting the evolving needs of customers and achieving sustainable growth in profits and revenues. Additionally, innovation in digital products and services contributes to enhancing the bank's competitiveness in the local and regional market, attracting new segments of customers and investors.
How to Monitor Stock Performance and Access Official Information
To obtain the latest information about the performance of Saudi National Bank stock (1180), it is recommended to rely on official sources such as the Saudi stock market website (Tadawul), the Capital Market Authority, and the official website of the bank. These platforms provide periodic financial reports, dividend announcements, and all necessary regulatory disclosures.
Investors can also benefit from economic news websites like Argaam and Reuters, which offer periodic analyses of the bank's performance and the sector. Monitoring these sources enables investors to make decisions based on accurate and reliable data, away from rumors or unlicensed recommendations.
Conclusion
Saudi National Bank represents a model for major banks that combine financial strength, geographic expansion, and technological innovation in the Saudi market. Recent financial indicators reflect the bank's robustness and stability despite economic and regulatory challenges, supported by a strong shareholder base and prudent management policies. The stock of Saudi National Bank (1180) remains a focal point for those monitoring the financial sector, both in terms of operational performance and dividend distributions and future policies.
However, it is essential for investors to recognize that investing in stocks involves risks, and past performance results are not necessarily indicative of future performance. It is emphasized that consulting a licensed financial advisor is crucial before making any investment decisions or building new financial portfolios. The SIGMIX platform provides comprehensive analyses and updated data to help users understand market movements and assess opportunities and risks impartially. For more details about the stock, you can visit the stock page 1180 on the platform or refer to the mentioned official sources.
Frequently Asked Questions
The stock symbol for Saudi National Bank on the Saudi stock market is 1180. You can track the stock's performance and real-time prices by visiting the stock page on the Tadawul website or through the link (/stocks/1180/). You can also view all financial announcements and quarterly reports related to the company through the same page or the bank's website.
The largest shareholder in Saudi National Bank is the Public Investment Fund (PIF), which holds a strategic stake of approximately two-thirds of the bank's shares. Additionally, local and international investors participate in the ownership structure, enhancing the bank's capital base and providing stability in the shareholder structure.
The price-to-earnings (P/E) ratio for Saudi National Bank stock ranges between 4 to 6, which is relatively low compared to the banking sector average. This indicator reflects the relationship between the stock price and the bank's profitability, and is commonly used to assess the stock's attractiveness. However, it is important not to rely solely on this indicator, as multiple factors should be considered when analyzing the stock.
The dividend yield for Saudi National Bank stock in recent years has been around 4–5% annually of the stock price. This yield depends on the bank's annual financial results and the dividend distribution policy approved by the bank's board of directors, and the percentage may change based on market conditions and profitability mechanisms.
Saudi National Bank announced a net profit of 5.04 billion Saudi riyals in Q1 2024, a slight increase from the same period last year. Loans and deposits also grew significantly, reflecting stability in financial performance and the bank's ability to achieve balanced growth in a competitive economic environment.
The main risks include fluctuations in oil prices, changes in interest rates, the risk of loan defaults, and intense competition within the banking sector. Additionally, major regulatory or economic changes could impact the bank's profitability and stability in the future. The bank manages these risks through conservative policies and high credit quality.
The bank focuses on expanding financing for major projects, developing digital services, supporting the small and medium enterprises sector, and enhancing partnerships with financial and technological institutions. This strategy aims to achieve sustainable growth and increase market share amid national economic transformations.
The timing of dividend distributions can be known by following official announcements on the Tadawul website or the official website of Saudi National Bank. Distributions are usually announced after the approval of annual or quarterly results, specifying the due date and distribution amount for each share.
Saudi National Bank is characterized by a larger asset size following the merger, while Al Rajhi Bank stands out in Islamic banking services and customer base size. Both banks achieve strong profits, but their growth strategies and dividend distributions differ. Investors often compare growth rates, asset quality, and distribution policies when analyzing the two stocks.
All quarterly and annual financial reports and regulatory announcements are available on the Saudi Tadawul website (saudiexchange.sa), the Capital Market Authority, and the official website of the bank. It is advisable to rely on these sources for accurate and updated data regarding the bank's performance and all details related to the stock.
The performance of the stock should be evaluated based on a set of indicators such as the P/E ratio, dividend yield, revenue and profit growth, asset quality, and the bank's management policy. It is also advisable to compare the stock's performance with its competitors in the sector and to consider general economic conditions before making any investment decision. Consulting a licensed financial advisor remains the best option in all cases.
No, past stock performance does not guarantee achieving the same results in the future. Financial markets are influenced by changing economic and regulatory factors, and the conditions of the sector or company may change unexpectedly. Therefore, each investment case should be studied carefully, and consulting a specialist before making any financial decision is essential.