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Saudi banks' August profit over 9bn
Saudi commercial banks achieved profits of 9.01 billion riyals in August 2026, marking an increase of 3.88% compared to the same month last year. Their profits also rose by 5.74% compared to July 2026, and they recorded a growth of approximately 5.26% over the first eight months of 2026 compared to the same period in 2025. Additionally, the number of bank branches in Saudi Arabia increased to 1,933, with more than 22 foreign banks operating in the country, in addition to Gulf International Bank.
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