Alinma's Q2 profit reaches 1.59B Riyals
Alinma Bank achieved a slight increase in profits during the second quarter of 2026, rising by 1.39% year-on-year to reach 1.59 billion riyals, compared to 1.57 billion riyals in the same period last year. The growth was supported by a 6.2% increase in operational income, driven by higher net income from financing, investments, and investment valuation, despite a decline in income from sources such as currency conversions and banking services. On a semi-annual basis, profits increased to 3.27 billion riyals, reflecting a growth of 6.24%. Total assets also grew by 10.79%, reaching 329.29 billion riyals, with an 11.58% rise in the financing and investment portfolio. Earnings per share increased to 0.98 riyals, up from 0.96 riyals in the same period of the previous year.
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