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Saudi Banks Deliver Stronger-Than-Expected Q1 Earnings Despite Geopolitical Tensions
First-quarter net profit across listed banks rose 8% year-on-year to $6.4 billion (SAR 24 billion), exceeding consensus estimates by 3%
First-quarter net profit across listed banks rose 8% year-on-year to $6.4 billion (SAR 24 billion), exceeding consensus estimates by 3%
The companies have also unveiled the first commercial Quantum Computing as a Service platform in the Middle East.
The system, Aramco’s largest-ever computing infrastructure deployment, will deliver seven times its current upstream computing capacity by 2027.
By combining infrastructure, marketplaces, and managed services, the partnership aims to compress time-to-deployment for enterprises.
A decisive leap to first place highlights how Saudi Arabia is translating policy, governance, and investment into global digital leadership.