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Al-Arabi's Q3 profits reach 1.35B riyals
Al Ahli National Bank announced its financial results for the third quarter of 2026, revealing a year-over-year increase in net profits of 1.66% to reach 1.351 billion Riyals. The bank's total operating income also grew by 7.4% to 2.554 billion Riyals. Despite the profit growth, the bank experienced a 5.06% decline in profits compared to the previous quarter, primarily due to lower gains from financial instruments and other items. Additionally, provisions for expected credit losses surged by 636.84% year-over-year. Over the nine-month period, the bank's profits rose by 4.1% to 4.133 billion Riyals, supported by a 9.31% increase in the loan and credit portfolio.
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