Saudi Investment Bank Reports SAR 519.6M Net Profit in Three Months 2026
SAIB 1030.SA | 13.40 | +0.75% |
On 2026-04-22 15:40:04 (Saudi Time), The Saudi Investment Bank announced its quarterly financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,805 | 1,731.5 | 4.244 | 1,863.4 | -3.134 |
| Total Income From Special Commission of Investment | 612.8 | 550.2 | 11.377 | 623.5 | -1.716 |
| Net Income From Special Commission of Financing | 568.8 | 716.9 | -20.658 | 564.7 | 0.726 |
| Net Income From Special Commission of Investment | 336.3 | 173.7 | 93.609 | 309.7 | 8.588 |
| Total Operations Profit (Loss) | 1,056.6 | 1,050.3 | 0.599 | 1,628 | -35.098 |
| Net Profit (Loss) before Zakat and Income Tax | 604.1 | 585.3 | 3.212 | 1,056.6 | -42.826 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 519.6 | 503.3 | 3.238 | 897.3 | -42.092 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 407.3 | 628.5 | -35.194 | 838.8 | -51.442 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 412.9 | 432.5 | -4.531 | 433.2 | -4.686 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 57.7 | 61.5 | -6.178 | 168.7 | -65.797 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 180,284 | 164,202 | 9.794 |
| Investments | 46,936 | 40,801 | 15.036 |
| Loans And Advances Portfolio (Financing And Investment) | 115,608 | 104,135 | 11.017 |
| Clients' deposits | 122,935 | 101,666 | 20.92 |
| Total Shareholders Equity (after Deducting Minority Equity) | 17,527 | 15,933 | 10.004 |
| Profit (Loss) per Share | 0.4 | 0.39 | |
| 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 increased 3.238% YoY to SAR 519.6 million, driven by a 0.599% rise in total operating income and a 4.531% decrease in operating expenses. The income growth was supported by increased net special commission income from financing and investment activities, while expense reduction came from lower general and administrative costs and reduced provisions for credit losses. Total operating income benefited from higher gross financing and investment returns, though this was partially offset by decreased gains on debt securities disposals and lower unrealized gains.
Quarter-on-Quarter Performance Drivers
QoQ net profit declined 42.092% from 897.3 million to 519.6 million SAR primarily due to the absence of a one-off gain that was recognized in the previous quarter. Total operating income decreased 35.1% mainly from the missing one-off gain in other income, along with reduced fair value gains and fee income, which was only partially offset by higher net special commission income. Operating expenses also decreased 21.8% due to lower provisions for credit losses, reduced general and administrative expenses, and decreased salaries and employee-related costs.
Other Items
The Saudi Investment Bank received an unmodified conclusion from external auditors with no additional comments, disclaimers, or adverse opinions noted. The bank reported no accumulated losses, with the accumulated losses percentage of capital showing as nil. Key balance sheet metrics showed healthy growth with total assets increasing 9.794% YoY to SAR 180,284 million, loans and advances portfolio growing 11.017% to SAR 115,608 million, and client deposits rising 20.92% to SAR 122,935 million. Total shareholders' equity increased 10.004% to SAR 17,527 million. Earnings per share improved to SAR 0.4 from SAR 0.39 in the comparable period, calculated based on 1,248 million outstanding shares after treasury share purchases. The bank restated comparative period balances for investments and other reserves, and certain prior period amounts were reclassified to conform to current period presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94596&anCat=1&cs=1030&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.