On 2026-07-23 08:04:12 (Saudi Time), The Saudi Investment 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, Total Operations Profit (Income) rose 1.999% YoY to SAR 2,162.6 million (from SAR 2,120.2 million), driven by higher unrealized gains on fair value through statement of income, exchange income, net special commission income, fee income from banking services, and other income, partially offset by a decline in gains on disposals of FVOCI debt securities. Net Profit Attributable to Shareholders increased 3.435% YoY to SAR 1,050.7 million (from SAR 1,015.8 million), supported by the growth in total operating income and a 1.621% decrease in total operating expenses to SAR 855.2 million, as reductions in other general and administrative expenses and depreciation & amortization more than offset higher salaries, rent, and credit loss provisions. Net special commission income from financing declined 21.154% YoY to SAR 1,143.5 million, as the rise in gross financing income was outweighed by higher special commission expense, while net special commission income from investments surged 91.006% YoY to SAR 660.5 million. Credit loss provisions edged up 1.909% YoY to SAR 128.1 million, primarily reflecting growth in the financing and investment portfolios.

Quarter-on-Quarter Performance Drivers

QoQ net profit attributable to shareholders rose 2.213% to SAR 531.1 million (vs. SAR 519.6 million in the prior quarter), driven by a 4.675% increase in total operating income to SAR 1,106 million, supported by gains in unrealized fair value, fee income from banking services, FVOCI debt securities disposals, and exchange income. This was partially offset by a 8.9% rise in total operating expenses to SAR 442.3 million, driven by higher general and administrative expenses, salaries, and employee-related costs, as well as a 22.01% increase in net provisions for expected credit losses to SAR 70.4 million, mainly due to financing growth and lower recoveries received during Q2-2026.

Other Items

The external auditor issued an unmodified conclusion with no additional comments or qualifications noted. No material risks such as going concern uncertainties or debt covenant breaches were disclosed. Total assets grew 9.648% YoY to SAR 184,021 million, with the loans and advances portfolio reaching SAR 117,320 million (up 8.205% YoY) and client deposits rising 21.272% YoY to SAR 121,559 million. Investments stood at SAR 47,333 million (up 8.916% YoY), and total shareholders' equity increased 8.178% YoY to SAR 17,672 million. No accumulated losses were reported. Earnings per share for the six-month period ended June 30, 2026 was SAR 0.70 (vs. SAR 0.68 for the same period in 2025), calculated by dividing net income adjusted for Tier I Sukuk costs by 1,248 million shares, representing issued and outstanding shares after accounting for the purchase of 1.7 million treasury shares. The bank noted that certain prior period amounts have been reclassified to conform to current period presentation, and comparative period balances in regard to Investments and Other reserves have been restated.

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