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Saudi bank profits reach 24.75bn Riyals in Q3
Saudi banks listed on the stock exchange saw a 4.8% increase in profits during the third quarter of 2026 compared to the same period last year, with earnings exceeding 24.75 billion riyals, an increase of 1.13 billion riyals from the previous quarter in 2025. Al-Rajhi Bank topped the profit charts with 7.1 billion riyals, reflecting a growth of 11.73%, followed by the National Bank with 6.45 billion riyals, which experienced a slight decline of 0.29%. The remaining banks also registered profit increases, although some experienced quarterly declines. For the first nine months of 2026, the banking sector's total profits reached 73.58 billion riyals, marking a 6.84% increase compared to the same period last year, with significant rises in the profits of major banks like Al-Rajhi, Al-Ahli, and Riyad Bank.
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