Al Rajhi Bank Reports SAR 6.75B Net Profit in Three Months 2026
ALRAJHI 1120.SA | 0.00 |
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 12,266 | 10,931 | 12.212 | 12,417 | -1.216 |
| Total Income From Special Commission of Investment | 2,241 | 2,240 | 0.044 | 2,335 | -4.025 |
| Net Income From Special Commission of Financing | 7,480 | 6,196 | 20.723 | 7,282 | 2.719 |
| Net Income From Special Commission of Investment | 925 | 901 | 2.663 | 868 | 6.566 |
| Total Operations Profit (Loss) | 10,528 | 9,200 | 14.434 | 10,409 | 1.143 |
| Net Profit (Loss) before Zakat and Income Tax | 7,440 | 6,587 | 12.949 | 7,104 | 4.729 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 6,752 | 5,906 | 14.324 | 6,375 | 5.913 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 6,316 | 5,819 | 8.54 | 6,408 | -1.435 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 2,457 | 2,088 | 17.672 | 2,680 | -8.32 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 631 | 525 | 20.19 | 626 | 0.798 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 1,051,268 | 1,020,631 | 3.001 |
| Investments | 173,081 | 177,909 | -2.713 |
| Loans And Advances Portfolio (Financing And Investment) | 753,730 | 722,785 | 4.281 |
| Clients' deposits | 678,734 | 657,179 | 3.279 |
| Total Shareholders Equity (after Deducting Minority Equity) | 152,507 | 133,977 | 13.83 |
| Profit (Loss) per Share | 1.59 | 1.41 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Net profit attributable to shareholders increased 14.324% YoY to 6,752 million SAR, driven primarily by a 14.4% rise in total operating income from higher net financing and investment income, fees from banking services, and exchange income. However, this growth was partially offset by an 18.2% increase in total operating expenses due to higher general and administrative expenses and salaries, along with increased impairment charges for financing rising 20.2% from 525 million to 631 million SAR.
Quarter-on-Quarter Performance Drivers
QoQ net financing and investment income increased 3.1% driven by decreased funding costs despite lower gross income. Net profit rose 5.913% to 6,752 million SAR due to 1.1% growth in total operating income from higher net financing income and banking fees, while total operating expenses declined 6.6% from reduced depreciation and administrative costs. Credit loss provisions remained relatively stable with only a 0.8% increase to 631 million SAR.
Other Items
Al Rajhi Bank received an unmodified conclusion from external auditors with no adverse comments, disclaimers, or material uncertainties noted. The bank shows no accumulated losses, maintaining a strong balance sheet with total assets of 1,051,268 million SAR and shareholders' equity of 152,507 million SAR representing a 13.83% increase year-over-year. Key financial metrics include a loans and advances portfolio of 753,730 million SAR (4.281% growth) and client deposits of 678,734 million SAR (3.279% increase), with earnings per share of 1.59 SAR compared to 1.41 SAR in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94553&anCat=1&cs=1120&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.