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Saudi Investment Q4 profits dip slightly
The profits of "Saudi Investment Bank" declined by 2.2% in the third quarter of 2026, reaching 506.9 million Riyals, marking its first year-over-year decrease since the beginning of the year. The main reason is the increase in operating expenses, especially salaries and general expenses, despite an 11% decrease in credit loss provisions to 53.9 million Riyals. Despite this decline, the Saudi banking sector achieved a growth in profits of 4.8%, amounting to 24.7 billion Riyals in the same quarter.
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