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Al Arabi Q3 profit reaches 1.35B riyals
AlRajhi Bank announced preliminary financial results for the third quarter of 2026, recording a year-on-year increase in net profit of 1.66% to reach 1.351 billion riyals, compared to 1.329 billion riyals in the same period of the previous year. This growth came despite a 5.06% decline compared to the previous quarter. The increase is primarily attributed to higher income from proprietary commissions, currency exchange profits, and trading income, alongside a decrease in certain expenses, which led to a 7.4% rise in total operating profit to 2.554 billion riyals. Over the nine months, net profit grew by 4.1% to reach 4.133 billion riyals, supported by a 9.31% increase in the loan and installment portfolio, a 3.24% rise in customer deposits, and an overall asset growth of 7.86%.
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