Riyad Bank (SAU:1010) Tax Rate % : 10.31% (As of Mar. 2024)

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What is Riyad Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Riyad Bank's Tax Expense for the three months ended in Mar. 2024 was ﷼238 Mil. Riyad Bank's Pre-Tax Income for the three months ended in Mar. 2024 was ﷼2,311 Mil. Therefore, Riyad Bank's Tax Rate % for the quarter that ended in Mar. 2024 was 10.31%.

Riyad Bank Tax Rate % Historical Data

The historical data trend for Riyad Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Riyad Bank Tax Rate % Chart

Riyad Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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10.11

14.02

10.31

10.34

10.31

Riyad Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															10.30	10.30	10.33	10.31	10.31

Riyad Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Riyad Bank's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	924.955	/	8970.799
	=	10.31 %

Riyad Bank's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	238.281	/	2311.004
	=	10.31 %

Riyad Bank Tax Rate % Related Terms

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Riyad Bank (SAU:1010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riyad Bank (SAU:1010) » Definitions » Tax Rate %

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Traded in Other Exchanges

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Address

Eastern Ring Road, Granada Oasis, A1 Tower, P.O. Box 22622, Al Shuhada District, Riyadh, SAU, 11416

Website

https://www.riyadbank.com

Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customer's Islamic banking products, which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: Retail Banking, Investment banking and brokerage, Corporate banking, and Treasury and Investments. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment handles corporate customers' current accounts, deposits and provides loans, overdrafts, and other credit facilities.

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