Bank Albilad assets increase 3.4% in Q2

During the first quarter of 2026, Bank Albilad Saudi achieved a 3.4% increase in its net profits year-over-year, reaching 792 million riyals compared to 766 million riyals in the same period last year. This growth was driven by a 5% rise in total operating income, supported by higher income from investment and financing assets, as well as net income from other operations, despite a decline in net fees, commissions, and fair value gains. Additionally, net commission income from financing increased by 8.5% to 911 million riyals, and income from investment commissions grew by 7% to 361 million riyals. Income from assets rose by 15%, and income from deposits and financial liabilities increased by 23%. Operating expenses also increased by 6%, reflecting higher administrative expenses, salaries, and credit loss provisions. Established in 2004, the bank offers Islamic banking services, with a current market value of 36 billion riyals. The Sbeiei Mohammad Company holds the largest stake in its capital.

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