Aljazira Bank Q2 profit reaches 443M riyals
Financial results for Al Rajhi Bank for the second quarter of 2026 report that it achieved a net profit of 442.8 million riyals, an increase of 15.88% compared to the same period last year, and a rise of 9.33% compared to the previous quarter. This was driven by a 10% increase in operating income, especially from financing and investments, despite a 7% rise in operating expenses due to employee salaries and other costs. There was also a decline in some expenses, such as foreign service fees and currency conversions. For the first half of 2026, the bank's net profit reached 848 million riyals, reflecting a 14.10% increase compared to the same period last year, with an 11% rise in financing and investment income and a 16% increase in deposit returns.
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