Al Rajhi Bank Earns 20.87B SAR in Nine Months
Riyadh, Saudi Arabia — Al Rajhi Bank posted a net profit attributable to shareholders of 20.87 billion SAR for the nine months ending September 30, 2026 — up 13.3% from 18.42 billion SAR in the same period a year earlier. Rising net financing income and stronger banking service fees drove the gain. Higher credit loss […] The post Al Rajhi Bank Earns 20.87B SAR in Nine Months appeared first on The…
Riyadh, Saudi Arabia — For the nine months ending September 30, 2026, Al Rajhi Bank reported a net profit of 20.87 billion SAR, marking a 13.3% increase from 18.42 billion SAR in the same period last year. This growth was fueled by higher net financing income and increased banking service fees. However, higher credit loss provisions and rising operating expenses partially offset this expansion.
Earnings per share stood at 3.27 SAR, up from 2.90 SAR in the previous year. Total operating profit rose by 13.4% to 32.53 billion SAR. The bank's total assets amounted to 1.076 trillion SAR, while shareholders' equity grew by 12.5% to 154.52 billion SAR. In the third quarter alone, Al Rajhi Bank earned 7.11 billion SAR in net profit, representing an 11.7% increase from 6.36 billion SAR in Q3 2025.
The external auditor gave an unmodified opinion on the interim results. Key drivers include a 18.8% surge in net financing income, driven by higher gross financing volumes, and a 39.5% rise in credit loss provisions, reflecting a 20.9% increase in gross charges and improved recovery rates. Total operating expenses before provisions climbed 11.8% to 7.21 billion SAR, impacted by higher salaries, employee benefits, and administrative costs.
The loans and financing portfolio expanded by 2.5% year-on-year to 774.86 billion SAR, while customer deposits grew slightly to 700.28 billion SAR.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
