Abdullah Al Rajhi: Alrajhi bank Reports 14% Growth in Net Income, Reaching 6,752 Million Riyals in the first quarter of 2026

Abdullah Al Rajhi, Chairman of Alrajhi bank

Al Rajhi Bank recorded a net profit of SAR 6,752 million for the first quarter of 2026, representing a growth of 14% compared to SAR 5,906 million in the same period of 2025. Total operating income reached SAR 10,528 million, an increase of 14% year-on-year, driven by growth in net financing and investment income, alongside higher fee-based income from banking services.

The Bank recorded continued improvement across key financial metrics. Shareholders’ equity increased to 153 billion riyals, compared to 134 billion riyals in Q1 2025, reflecting growth of 14%. Total assets reached 1,051 billion riyals, up from 1,021 billion riyals a year earlier, supported by strong liquidity and solid capital adequacy.

The financing portfolio grew by 4% year-on-year, while customer deposits increased by more than 21 billion riyals to reach 679 billion riyals by the end of the period, reflecting sustained customer confidence and business expansion.

Alrajhi bank reported a return on assets of 2.58% and a return on equity of 22.92%, while earnings per share reached SAR 1.59 at the end of the period, alongside the continuation of strong coverage levels for non-performing loans (NPLs).

Commenting on the results, Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of Alrajhi bank, said: “Q1 2026 results reflect disciplined execution and effective management, supported by our Harmonize the Group strategy. This approach continues to strengthen the integration of financial services into a seamless customer experience while delivering sustainable value for both shareholders and customers.”

He added that the Bank continues to strengthen its capital base following the approval by the Extraordinary General Assembly to increase capital to 60 billion riyals through the capitalization of 20 billion riyals from retained earnings, with the distribution of one bonus share for every two shares held. This reflects the strength of the Bank’s financial position and management’s confidence in future growth, while enhancing capacity to expand financing and investment portfolios in line with Saudi Vision 2030.

Mr. Al Rajhi also highlighted that the bank has continued tapping in global financial markets,  by issuing USD 1 billion Social Additional Tier 1 Sukuk, fully Shariah-compliant. The issuance attracted strong investor demand, reinforcing Alrajhi bank’s position in international capital markets.

He further stated, “We remain focused on diversifying income streams, improving operating efficiency, and investing in digital capabilities. At the same time, we continue to enhance customer experience and deliver innovative banking solutions that meet customer expectations and strengthen our leadership position.”

Al Rajhi added that through its “Harmonize the Group strategy”, the bank is maximizing synergies across its group companies and expanding the range of products and services, supporting income diversification and delivering sustainable added value, while strengthening its competitive position in a market witnessing rapid digital transformation and financial innovation.

On the social responsibility front, alrajhi bank continued to  enhance its social impact by  providing contributions  exceeding SAR 27.7 million through the Ehsan platform, supporting developmental and social initiatives across the Kingdom and reinforcing its role in advancing national initiatives and promoting a culture of giving.

As part of its seasonal initiatives, the bank launched the “Our Numbers Have a Footprint in Charity” campaign, enabling customers to contribute to sustainable social impact through the “Quick Donation” service available on the alrajhi bank mobile application. The service provides access to more than 1,700 accredited charitable organizations and 12 endowment funds, in addition to national platforms, within an integrated digital ecosystem that ensures easy and fast donation processes. Total customer donations through the service exceeded SAR 430 million.

Within its community initiatives, the bank continues to support beneficiaries of the “Dar Shahem” initiative, in cooperation with the Martyrs, Wounded, Prisoners and Missing Persons Fund, through the delivery of six housing units as part of the first phase targeting 13 units, within a broader project aimed at constructing 50 housing units dedicated to beneficiaries from the security sectors and their families, contributing to their social and family stability.

In the area of national talent development, the bank concluded the “Blue Generation Graduate Development Program” for 2025, graduating 156 trainees, as part of alrajhi bank Academy’s efforts to equip national talents with advanced banking skills.

The bank also continued to support the education sector through the alrajhi bank Educational Sponsorship Program for Orphans, covering tuition fees for 200 students annually to enable them to pursue higher education in private universities in line with their academic interests and capabilities. The program also provides academic and social mentoring for each student, in addition to training opportunities to obtain accredited professional certifications, as well as individualized tutoring support.

In the healthcare sector, the bank’s specialized Health Centers including the cardiac catheterization, diabetes care, physical therapy, and anti-smoking centers, continued to provide services to more than 80,000 beneficiaries, reflecting the bank’s commitment to contributing to the quality of healthcare and expanding access to advanced medical services.

MR. Alrajhi concluded his statement by emphasizing the Bank’s commitment to delivering its strategic priorities and contributing to Saudi Vision 2030, while continuing to enhance customer experience and strengthen its position as the preferred banking partner. He also extended his appreciation to alrajhi bank employees for their continued dedication and contribution to these results.