Al Rajhi and Riyad Bank led the growth rates, benefiting the most from the growing demand for finance in the Kingdom, with 33.2% for Al Rajhi Bank and 17% for Riyad Bank.

Saudi banks participated in four positions among the top ten GCC banks, by loans, by the end of the second quarter of this year (Al Ahli Bank, Al Rajhi Bank, Riyad Bank and SABB), accounting for 38.2% of the total with about 392.5 billion dollars.

By the end of the second quarter of this year, the financing portfolio of the ten largest Gulf banks increased by 8.6TP3T to reach $1.03 trillion compared to $945.3 billion at the end of the same period in 2021, coinciding with the increase in interest rates that began last March.