24 Hrs
Source:
الاقتصادية
Al Saud Investment Q1 profits up 3.7%
The net profit of Saudi Investment Bank increased by 3.7% in the second quarter of 2026, reaching 531 million riyals, supported by an increase in income from fees and banking services, despite a 2.3% rise in operating expenses due to higher salaries and credit losses. The board also proposed a 20% capital increase and a cash dividend of 0.3 riyals per share, along with a plan to issue riyal-denominated sukuk to strengthen capital and support growth and expansion. The bank intends to boost its capital base to enable growth strategies. Its market value stood at 17.4 billion riyals, and it manages significant government-owned investments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)