Al-Ahli Bank Q2 profits rise 7.6%
The National Commercial Bank of Saudi Arabia announced that its profits for the second quarter of 2026 increased by 7.6% year-over-year, reaching 6.6 billion riyals. This growth was driven by an 11.3% increase in operating income, which totaled 10.6 billion riyals. Additionally, income from financing and investments rose by 1.6% to 15.4 billion riyals, with income from the financing and investment portfolio increasing by 1.3% and 2.8%, respectively. The bank has decided to distribute cash dividends of 6.9 billion riyals to shareholders for the first half of the year, at a rate of 1.15 riyals per share. The distribution will take place on August 8, following the redemption of additional Tier 1 sukuk valued at $1.25 billion.
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