Saudi Awwal Bank 2024 AR2
The report highlights Saudi Awwal Bank's (SAB) financial and operational performance for 2024, achieving a record net income of SAR 8.1 billion, representing a 15% year-on-year increase. In sustainability, the bank advanced its ESG strategy by committing to operational net zero by 2035 and financed net zero by 2060 or sooner. SAB approved SAR 16.6 billion in sustainable finance limits and expanded its digital offerings, with over 80% of business account openings conducted digitally. Additionally, the bank launched the 'Balance Programme' to promote gender diversity and endorsed the UN Women Empowerment Principles.
Company: Saudi Awwal Bank
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2024
Type: AR2
Pages: 140
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Saudi Awwal Bank
Annual Report
The report highlights Saudi Awwal Bank's (SAB) financial and operational performance for 2024, achieving a record net income of SAR 8.1 billion, representing a 15% year-on-year increase. In sustainability, the bank advanced its ESG strategy by committing to operational net zero by 2035 and financed net zero by 2060 or sooner. SAB approved SAR 16.6 billion in sustainable finance limits and expanded its digital offerings, with over 80% of business account openings conducted digitally. Additionally, the bank launched the 'Balance Programme' to promote gender diversity and endorsed the UN Women Empowerment Principles.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees