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Al-Rajhi Q3 profit reaches 7.11B riyals
Al Rajhi Bank achieved a net profit of 7.11 billion SAR in the third quarter of 2026, marking an increase of 11.73% compared to the same period last year, and a slight rise of 1.34% compared to the previous quarter. This growth is attributed to a 12.5% increase in total operating income, supported by higher net income from financing and investments, as well as banking service fees, despite a 15.2% increase in operating expenses. Over the first nine months of 2026, annual profits rose to 20.87 billion SAR, representing a 13.32% increase compared to the corresponding period in 2025, driven by growth in financing and investment income and improved operational performance, alongside increased credit loss provisions. Additionally, the bank's loan and advance portfolio grew by 2.5% to 774.86 billion SAR, and customer deposits increased by 0.92% to 700.28 billion SAR, reflecting ongoing improvement in the bank’s financial position.
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