Saudi banks report significant profit growth in Q1 2026
Here's what it means for you.
The robust performance of Saudi banks signals a strong economic foundation that may influence investment opportunities.
What happened
Saudi banks, including the National Commercial Bank and Al Rajhi Bank, reported increased net profits in Q1 2026.
The Context
- The National Commercial Bank's net profit rose by 6.66% to approximately 6.42 billion SAR.
- Al Rajhi Bank's net profit increased by 14.3% to about 6.752 billion SAR.
- Bank Riyadh also showed stable growth in net profits during the same period.
Takeaway
The positive financial results suggest a continued upward trend in the Saudi banking sector, driven by strong economic fundamentals.
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موجز
The Saudi National Bank reported a 6.66% increase in net profits for the first quarter, reaching approximately 6.42 billion SAR, compared to 6.02 billion SAR in the same quarter of 2025. Additionally, Al Rajhi Bank's net profits rose by 14.3% to abou...
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أرباح «بنك الرياض» تنمو إلى 697 مليون دولار بدعم عوائد التمويل والاستثمار
Riyadh Bank reported a stable growth in its net profits, reaching $697 million in the first quarter of 2026, driven by increased financing and investment returns.
Pan-Arab news coverage spanning politics, business, sports, and regional affairs.
"Asharq Al-Awsat reflects a broad Arab editorial perspective with strong attention to regional geopolitics."
— A47 Editor
أرباح «الراجحي» السعودي تقفز إلى 1.8 مليار دولار في الربع الأول بنمو 14.3%
Saudi Arabia's Al Rajhi Bank reported a strong start to the fiscal year 2026, with profits soaring to $1.8 billion in the first quarter, reflecting a growth of 14.3%. This performance underscores the bank's position as one of the largest Islamic bank...