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Al-Rajhi Posts 11th Straight Profit
Al Rajhi Bank achieved record profits of 7.11 billion riyals during the third quarter of 2026, marking an 11.7% year-over-year increase. The bank improved its profit margin due to better financing income and lower cost of funds, despite slower growth in the loan and deposit portfolios and increased provisions. Analysis shows that the growth was not primarily driven by expanded lending, as the financing portfolio grew only 2.5% compared to an 18.1% rise in financing and investment income. Although provisions increased by 49.5%, the bank managed to enhance operational efficiency and achieve profit growth, with net financing and investment profits rising to 8.61 billion riyals, supported by decreased financing costs and higher financing revenues. Balancing the growth of financing and deposits and the liquidation of assets remains a key challenge for the bank's future performance.
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