On 2026-07-20 16:19:37 (Saudi Time), Riyad 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 30 June 2026, Riyad Bank's total operations profit increased 3.614% YoY to SAR 9,349.91 million (from SAR 9,023.77 million), driven by a 6.4% rise in special commission income from loans, advances, and investments, as well as growth in net trading income and dividend income, partially offset by declines in fee and commission income, gains on disposal of non-trading investments, other operating income, and exchange income. Net profit attributable to shareholders rose 3.54% YoY to SAR 5,262.57 million (from SAR 5,082.63 million), supported by the increase in total operating income, though partially offset by higher operating expenses including increased impairment charges for investments, depreciation, and salaries, while impairment charges for credit losses and other financial assets, general and administrative expenses, and rent-related expenses declined. Total operating expenses before provisions grew modestly by 1.071% YoY to SAR 2,733.76 million, and net provisions for expected credit losses remained nearly flat, rising only 0.557% YoY to SAR 674.93 million.

Quarter-on-Quarter Performance Drivers

QoQ net profit attributable to shareholders rose 1.357% to SAR 2,649.03 million (from SAR 2,613.54 million in the previous quarter), driven by higher total operating income — specifically increases in trading income, fee and commission income, dividend income, and gains on disposal of non-trading investments — partially offset by declines in exchange income, other operating income, and net special commission income. Total operating expenses increased QoQ, primarily due to higher impairment charges for credit losses and other financial assets and greater depreciation, though these were partially mitigated by lower salaries, reduced impairment charges for investments, and lower general, administrative, and rent-related expenses. Additionally, net provisions for expected credit losses surged 45.31% QoQ to SAR 399.80 million (from SAR 275.13 million), mainly driven by higher impairment charges for credit losses and other financial assets, partially offset by a decrease in impairment charges for investments.

Other Items

Riyad Bank's external auditor issued an unmodified conclusion on the interim financial results for the six months ended 30 June 2026, with no additional comments, reservations, disclaimers, or adverse opinions noted. No material risks or going concern uncertainties were flagged. Total assets stood at SAR 533,637,312 thousand as of 30 June 2026, up 8.502% from SAR 491,821,909 thousand a year earlier, while total shareholders' equity (after deducting minority equity) grew 9.906% to SAR 67,497,999 thousand (from SAR 61,414,014 thousand). The loans and advances portfolio reached SAR 377,628,855 thousand (up 6.509% YoY), and client deposits rose 9.93% YoY to SAR 348,270,590 thousand. Investments increased 26.485% YoY to SAR 92,473,153 thousand. Basic and diluted earnings per share for the six-month period ended 30 June 2026 were SAR 1.24 (versus SAR 1.21 for the same period in 2025), calculated on a weighted average basis by dividing net income adjusted for Tier 1 sukuk costs by 3,983 million shares (six months ended 30 June 2025: 3,992 million shares), after excluding treasury shares and giving retroactive effect to the change in the number of shares resulting from bonus shares issued. Some comparative items have been reclassified.

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