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Al Rajhi Q3 profit reaches 7.11B Riyals
Al Rajhi Bank announced its financial results for the third quarter of 2026, with net profits increasing by 11.73% year-over-year to reach 7.106 billion riyals, alongside a 12.5% rise in total operating income. This growth is attributable to increased income from financing, investments, and banking service fees, despite a 49.47% rise in credit loss provisions. During the first nine months of 2026, the bank's profits grew by 13.32%, supported by growth in financing and investment income as well as an increase in the volume of loans and advances, which rose by 2.5% to 774.86 billion riyals, while customer deposits increased by 0.92%.
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