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Al-Jazira Bank Q3 profits reach 471.6M
Aljazira Bank achieved a net profit of 471.6 million SAR in the third quarter of 2026, recording a year-over-year increase of 17.87% and a quarter-over-quarter rise of 6.50%. The bank experienced an 18% increase in net income driven by a 10% rise in operating income, along with a 20% increase in income from financing and investments, particularly from its financing and investments portfolio. For the first nine months of the year, the bank's net profits totaled 1.32 billion SAR, up by 15.41%, primarily due to a 9% increase in operating income despite a 6% rise in operational expenses. The improvement is mainly attributed to higher profits from financing and investments and dividend distributions, offset by declines in some other income and Expenses, reflecting a positive performance for the bank during the mentioned financial period.
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