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Saudi bank assets hit $1.28 trillion
The financial data for listed Saudi banks showed a 6.5% increase in their assets by the end of the second quarter of 2026 compared to the previous year, amounting to a rise of 293.56 billion riyals ($78.28 billion), reaching a total of 4.812 trillion riyals ($1.283 trillion). The National Commercial Bank topped the list of banks by assets, with a year-on-year increase of 3.64%, its assets reaching 1.244 trillion riyals ($331.92 billion). Following it was Al Rajhi Bank with assets estimated at 1.055 trillion riyals ($281.27 billion), registering a growth of approximately 1.8% over the year. The rest of the banks also saw increases in their assets, with the total sector assets rising by 1.44% at the end of the second quarter compared to the previous quarter.
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