Bank Albilad leads Tadawul-listed growth companies for 10 years

Logo of Bank Albilad

Bank Albilad came on top the Saudi Exchange (Tadawul)-listed growth companies for the last 10-year period ended in March 2021, according to a recent study by Argaam, the key provider of financial information and analyses in the Saudi market.

Bank Albilad’s profit skyrocketed 1.446% from SAR 95.2 million for the 12-month period ended March 2011 to SAR 1.471 billion in the 12-month period ended March 2021.

The Tadawul-listed bank recorded comparative profit growth for 35 out of 40 quarters in the 10-year period – the highest level among listed peers. This translated into a compound annual growth rate (CAGR) of 31.5% - the highest among Tadawul-listed companies.

Bank Albilad, which was founded in 2004, offers a wide range of provides banking and finance products. It also provides asset management and brokerage services through its investment arm, Albilad Capital.

"Argaam Tools": Top Growth Companies