S&P Global – Saudi Arabia Banking Sector Outlook, 2025

The report by S&P Global "Saudi Arabia Banking Sector Outlook 2025" explores the economic diversification and banking prospects in Saudi Arabia. Saudi Arabia is projected to experience solid real GDP growth as it diversifies its economy beyond oil, with non-oil sectors gaining prominence. Growth will be driven by construction and services as Vision 2030 projects advance. Corporate lending will lead credit growth, supported by a strong project pipeline, while lower rates could boost mortgage lending. Stable profitability is anticipated for banks in 2025, supported by international capital markets funding. Vision 2030 initiatives are enhancing non-oil growth, driven by increased construction and a growing services sector, with significant growth potential in tourism.