14 Hrs
Source:
الاقتصادية
Alintech Saudi Profits Up 2.8%
The Saudi First Bank achieved a growth of 2.8% in net profits during the first nine months of 2026, reaching 6.58 billion riyals compared to 6.41 billion riyals in the same period last year. The bank recorded profits of 2.17 billion riyals in the third quarter, representing a 1% year-on-year increase, despite a 7.1% decline in third-quarter profits compared to the previous quarter, due to a 21.4% rise in credit loss provisions and other losses, totaling 534 million riyals. The loan and credit portfolio increased by 11% to 325.2 billion riyals, customer deposits rose by 3.3% to 325.4 billion riyals, while investments decreased by 9.3% to 97.8 billion riyals. The earnings per share increased to 2.94 riyals over the nine-month period.
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