On 2026-07-20 08:02:08 (Saudi Time), Arab National Bank announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending June 30, 2026, Arab National Bank's total operations profit rose 4.817% YoY to SAR 5,331 million (from SAR 5,086 million), driven primarily by a 6.86% increase in total special commission income, supported by a 10.35% growth in the net loans and advances portfolio and a 17.74% expansion in the net investments portfolio. Net profit attributable to shareholders grew 5.378% YoY to SAR 2,782 million (from SAR 2,640 million), supported by higher net special commission income, gains on non-trading and FVSI financial instruments, net exchange income, and other operating income, as well as a 25.355% reduction in net ECL provisions to SAR 315 million (from SAR 422 million). These positive drivers were partially offset by a 9.55% increase in total operating expenses to SAR 1,755 million (from SAR 1,602 million), reflecting higher salaries, general and administrative expenses, depreciation, and premises costs, alongside lower net fee and commission income, dividend income, and net trading income.

Quarter-on-Quarter Performance Drivers

QoQ net profit attributable to shareholders rose 4.709% to SAR 1,423 million (vs. SAR 1,359 million in the prior quarter), driven primarily by higher net gains on FVSI financial instruments, improved net special commission income (up 12.206% QoQ to SAR 1,719 million from financing), stronger net exchange income, and net fee and commission income, along with lower depreciation, amortisation, and premises-related expenses. These gains were partially offset by higher ECL provisions (up 33.333% QoQ to SAR 180 million), increased general and administrative expenses, higher salaries and employee-related costs, and declines in net trading income, dividend income, net other operating income, and net gains on non-trading instruments.

Other Items

Arab National Bank's interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments noted in any other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. No material risks, going concern uncertainties, or debt covenant breaches were disclosed. Total comprehensive income attributable to shareholders for the current quarter reached SAR 1,748 million, up 29.962% YoY and 60.073% QoQ. For the six-month period, total comprehensive income attributable to shareholders was SAR 2,840 million, a slight decline of -1.423% compared to SAR 2,881 million in the same period of the prior year. Total assets stood at SAR 295,516 million (up 9.605% YoY), with the loans and advances portfolio at SAR 205,782 million (up 10.353% YoY), investments at SAR 64,697 million (up 17.742% YoY), and client deposits at SAR 217,751 million (up 7.945% YoY). Total shareholders' equity (after deducting minority equity) increased 20.29% YoY to SAR 52,436 million. Earnings per share for the six-month period were SAR 1.28 (vs. SAR 1.3 in the prior year period), calculated based on a weighted average of 1,986.0 million outstanding shares as of June 30, 2026, after accounting for treasury shares and Tier 1 Sukuk costs. Certain comparative period figures have been reclassified or restated to conform with the current period presentation.

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