Saudi banks earn 62.48B riyals over seven months
The commercial banks in Saudi Arabia achieved profits of 62.48 billion Riyals during the first seven months of 2026, marking an increase of 5.46% compared to the same period in 2025, which amounts to a difference of 3.23 billion Riyals. In July, bank profits amounted to 8.52 billion Riyals, representing a 3.4% year-over-year rise, but there was a monthly decline of 15.6% compared to June. The year 2025 recorded the highest annual profits at 103.36 billion Riyals, a 16% increase over 2024. Currently, there are 21 foreign banks operating within the Saudi market, in addition to the Gulf International Bank, with the number of branches reaching 1,930 by the end of July 2026.
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