{
  "id": 15860558,
  "title": "Aljazira Bank Nine-Month Profit Rises 15%",
  "url": "https://urgent.news/2026/10/21/aljazira-bank-nine-month-profit-rises-15",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T08:01:40.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/21/aljazira-bank-nine-month-profit-rises-15-percent/"
  },
  "original_language": "en",
  "account": "Riyadh, Saudi Arabia — Aljazira Bank announced a 15.4% increase in net profit attributed to shareholders over the nine months leading up to September 30, 2026, reaching 1,319.4 million SAR. This figure represents a significant jump from 1,143.2 million SAR in the comparable period last year. The rise in profit can be attributed to higher investment income and improved operating performance.\n\nThe total comprehensive income for the nine-month period fell by 24.7% to 1,178.9 million SAR, with the quarter-on-quarter decline being even more pronounced at 62.5%. Total operating profit rose by 9.2% year-on-year to 3,581.3 million SAR. The pre-zakat profit increased by 14.2% to 1,491.4 million SAR, while earnings per share dipped slightly to 0.77 SAR from 0.79 SAR a year earlier.\n\nBreaking down the figures quarter by quarter, the third quarter saw the bank earn 471.6 million SAR in net profit attributable to shareholders, a 17.9% increase from 400.1 million SAR in Q3 2025 and a 6.5% rise from 442.8 million SAR in Q2 2026. Total operating profit for the quarter reached 1,213.1 million SAR, marking a 10.4% improvement year-on-year. Pre-zakat profit grew by 12.7% to 516.5 million SAR.\n\nThe lower zakat charge played a part in boosting quarterly earnings, both when compared to the previous quarter and the same period in the previous year. However, the total comprehensive income for Q3 fell sharply, dropping 62% year-on-year to 187.2 million SAR and 62.5% quarter-on-quarter from 499.5 million SAR. This discrepancy highlights significant unrealized losses or revaluation movements outside the income statement.\n\nInvestment income surged by 89.9% to 615.3 million SAR for the nine-month period, being the primary driver of profit growth. Financing income remained flat, at 1,901.3 million SAR, despite a 10% rise in gross financing income. Operating expenses climbed 7.4% to 1,854.3 million SAR, due to higher salaries, general and administrative costs, depreciation, and premises costs. Net expected credit loss provisions declined by 6.5% to 237.3 million SAR, providing some profit relief.\n\nTotal assets expanded by 12.1% to 183,224 million SAR, with the financing portfolio growing 14.4% to 123,368 million SAR. Client deposits rose by 12.6% to 129,846 million SAR. Shareholders’ equity increased by 8.3% to 23,443 million SAR.",
  "summary": "Riyadh, Saudi Arabia — Aljazira Bank reported a 15.4% rise in net profit attributable to shareholders for the nine months ended September 30, 2026, reaching 1,319.4 million SAR compared to 1,143.2 million SAR in the same period last year. Higher investment income and stronger operating performance drove the gain, even as total comprehensive income fell […] The post Aljazira Bank Nine-Month Profit…",
  "key_points": [
    "Investment income surged 89.9% to 615.3 million SAR, driving profit growth.",
    "Total operating profit increased 9.2% year-on-year to 3,581.3 million SAR."
  ],
  "editors_take": "Surging investment income is masking significant unrealized losses and sharp declines in total comprehensive income, signaling that the bank's bottom line relies heavily on volatile market performance.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}