11 Hrs
Source:
الاقتصادية
Saudi Investment Q3 profits fall to 507M
The Saudi Investment Bank's profits declined by 2.2% during the third quarter of 2026, reaching 506.9 million SAR compared to 518.4 million SAR in the same period of 2025. Profits also decreased by 4.6% compared to the previous quarter. Net income from financing commissions fell by 21.8% year over year to 541 million SAR, while net income from investment commissions increased by 117.4% to 360.4 million SAR. Despite a slight rise of 0.3% in total operating profit, net profit before Zakat and tax decreased by 2.2%, amounting to 589.8 million SAR. Operating expenses increased by 4.1%, while the overall comprehensive income attributable to the bank's shareholders dropped by 57.2% to 262 million SAR, due to continued declines in profits, price differences, and commissions.
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