Saudi banks report significant profit growth in Q1 2026
Here's what it means for you.
The robust profit growth of Saudi banks signals a strengthening financial landscape that could impact global investment strategies.
What happened
Saudi banks, including the National Commercial Bank and Al Rajhi Bank, reported substantial increases in net profits for 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 around 6.752 billion SAR.
- Riyadh Bank also showed stable growth in net profits during the same period.
Takeaway
The positive financial results suggest a continued upward trend for Saudi banks in the coming quarters.
Arabic-language coverage of Saudi, regional, and international affairs.
"Al Bilad offers mainstream Saudi newspaper coverage across domestic and broader Arab topics."
— A47 Editor
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...
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 «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...