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Financial firms' profits up 100% in Q2
The profits of Saudi Financial Market institutions increased by 100.53% in the second quarter of 2026 compared to the previous quarter, reaching 4.59 billion riyals from 2.29 billion riyals. Subsidiaries of Saudi banks achieved a growth of 102.87%, while other financial institutions experienced a rise of 153.4%. Additionally, aggregate revenues grew by 102.5%, totaling 10.1 billion riyals, and shareholders’ equity increased to 62.26 billion riyals, with assets rising by 2.28%. Conversely, some institutions, such as investment management and related entities, recorded profit declines of up to 49.8% and 35.6%.
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