Albilad Saudi pays 750M riyals in profits
Al Bilad Bank Saudi Arabia has decided to distribute a total of 750 million riyals in interim cash profits for the first half of 2026, at a rate of 50 fils per share, distributed over 1.5 billion shares, after obtaining regulatory approval. The bank recorded a net profit of 791.6 million riyals in the second quarter of the year, representing a 3.4% increase year-on-year. Despite a slowdown in growth, profits exceeded analysts' expectations by approximately 2%. It is worth mentioning that the bank has been operating since its establishment in 2004, providing Islamic banking, financing, and investment services. Its market value is approximately 36 billion riyals.
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