18 Hrs
Source:
الاقتصادية
Al Rajhi Bank's profits up 12 percent
Al Rajhi Bank, the largest Saudi bank by market value, achieved an 11.7% growth in its quarterly profits, reaching 7.11 billion Riyals in the third quarter of 2026. This surpassed analysts' expectations of 6.91 billion Riyals. The growth was driven by an 18.1% increase in income from financing and investments, as well as banking service fees, despite higher expenses and credit loss provisions that jumped by 49.5% to 852 million Riyals. The bank also experienced its slowest decline in profits since the start of 2024, with total expenses rising by 15.2%.
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