In April 2021, National Commercial Bank merged with Samba Financial Group to form Saudi National Bank, creating a powerhouse in the Saudi financial sector. The bank is engaged in treasury and capital markets, asset management, brokerage, and investment banking, with presence in the Middle East, South Asia, and Turkey. The institution maintains strong strategic positioning through digital banking initiatives and diversified revenue streams across retail, wholesale, capital markets, and international segments.
Cyborg Score Rationale
In 2025, Saudi National Bank's revenue was 38.16 billion SAR, an 8.99% increase, with earnings of 23.98 billion SAR, a 17.36% increase. 13 analysts recommend buying the stock, while 1 suggests selling, indicating strong institutional confidence. Market position as the largest commercial bank with regional expansion and robust financial performance supports sustained growth trajectory.
Top Insights
The bank announced intention to issue U.S. dollar denominated additional tier 1 capital notes in January 2026, signaling capital management and international financing strategies
Saudi National Bank offers a dividend yield of 4.62%, providing attractive shareholder returns
Average 12-month price target is SAR49.77, with analysts favoring the stock, suggesting upside potential from current levels
Strong net income stability with last quarter net income of 6.39B SAR versus 6.47B SAR previous quarter demonstrates consistent earnings
Named Competitors
Al Rajhi Banking and Investment Corporation — Leading Islamic banking services in GCC
National Bank of Kuwait — Major GCC commercial and investment banking
First Abu Dhabi Bank — Leading UAE banking institution
Recent Developments
(February 2026) Announced conference call to discuss Q4 2025 financial results
(January 2026) Completed offer of U.S. dollar denominated additional tier 1 capital notes
(January 2026) Board recommended cash dividend distribution for H2 2025
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