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Al First Bank Q3 profits reach 2.17B riyals
First Saudi Bank, "Al-Awal," achieved a net profit of 2.165 billion SAR in the third quarter of 2026, representing a 0.98% increase compared to the same period last year. This growth was primarily driven by higher operating income and a decrease in income tax provisions. On a quarterly basis, profits declined by 7.12% compared to the second quarter of 2026. During the first nine months of the year, profits increased by 2.76% to reach 6.58 billion SAR, supported by improved operating income resulting from higher net commission income, despite the impact of new regulations and increased provisions for credit losses.
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