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Al-Awal reports 2.33B riyals in Q2 2026
The Saudi First Bank achieved a net profit of 2.33 billion riyals in the second quarter of 2026, representing a year-over-year increase of 9.6% and an increase of 11.74% compared to the previous quarter. Notable improvements were seen in net fee income, along with a decrease in expected credit loss provisions. For the first half of the year, the bank recorded profits of 4.42 billion riyals, up 3.63% compared to the same period last year, driven by improved financial performance despite declines in some income sources such as foreign exchange revenue and processing fees.
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