Al Rajhi Bank's profit rises 14% quarterly

Al Rajhi Bank achieved profits of 7 billion riyals in the second quarter of 2026, representing a 14% increase compared to the same period last year. The growth was driven by a 13.3% rise in operating income, particularly from financing, investments, and service fees, despite a 19.4% increase in operating expenses and a 46.8% rise in credit loss provisions, which reached 881 million riyals. The bank is considered the largest financial institution in Saudi Arabia by market value and is working to strengthen its position in the Saudi stock market.

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