Dr. Abdullah Al-Sulom, Professor of Finance and Investment at Imam University, confirmed that 'all Saudi banks that have announced their results so far recorded profits higher than expectations.'

Al-Sulom explained, in an interview with Al-Ikhbariya channel, that 'the current quarter witnessed a notable shift, as deposit growth was stronger compared to previous periods, after loans had been driving growth rates in past quarters.'

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He added that 'the provisions set aside by banks reflect future expectations regarding loan collection, more than being a direct reflection of geopolitical developments in the region.'

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