Alinma Bank Saudi Q3 profit of 746.3M

The Board of Directors of Saudi Development Bank approved a cash dividend distribution of 746.3 million riyals for the third quarter of 2026, at a rate of 25 halalas per share. The distribution will begin on November 18, 2026. The record date is set for November 4, 2026, meaning shareholders holding shares by the end of that day are entitled to the dividend. The bank recorded a slight decrease in net profit of 0.2%, reaching 1.59 billion riyals, affected by an increase in credit loss provisions and a decline in banking fee revenues, despite growth in income from financing and investments.

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