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الاقتصادية
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Al Rajhi Bank Profits Up 12%
Al Rajhi Bank, the largest Saudi bank by market value, reported an increase in its quarterly profits of 11.7% year-on-year, reaching 7.11 billion SAR during Q3 2026. This exceeded analysts’ expectations of 6.91 billion SAR. The growth was supported by an 18.1% rise in income from financing and investments, as well as banking service fees, despite increased expenses and credit loss provisions which rose by 49.5%, while recoveries from written-off loans declined by 13.4%. Despite a strong performance, the growth pace slowed to its lowest since Q1 2024, with operating expenses rising by 15.2%.
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