Al Rajhi Q2 profits reach 7B riyals
The results of the second quarter of 2026 confirmed that Al Rajhi Bank achieved a net profit of 7.01 billion Riyals, an increase of 14% compared to the same period last year. Operating income grew by 13.3%, driven by higher net income from financing and investments, banking service fees, and income from foreign exchange conversions. Despite a 19.4% rise in operating expenses and a 46.8% increase in credit loss provisions, the bank's profits for the first half of the year reached 13.76 billion Riyals, marking a 14.16% increase compared to the same period in 2025. Additionally, the bank’s assets grew by 1.83%, amounting to approximately 1.5 trillion Riyals, while financing and investments increased by 2.75%, and customer deposits went up by 3.56%.
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