SNB vs Al Rajhi Bank: Who led Q2 2026 performance?

Logos of Saudi National Bank (SNB) and Al Rajhi Bank

Saudi National Bank (SNB) and Al Rajhi Bank, the two largest lenders listed on the Saudi Exchange (Tadawul), announced their annual financial results for Q2 2026, with evident differences in their operational performance.

 

Al Rajhi Bank outperformed in profit and financing income growth, while SNB outperformed in terms of financing portfolio and customer deposit growth.

 

Al Rajhi Bank’s net profit rose 14% year-on-year (YoY) to SAR 7.01 billion in Q2 2026, compared to SAR 6.15 billion. Meanwhile, SNB's Q2 2026 net profit grew by 7.6% YoY to SAR 6.61 billion from SAR 6.14 billion.

 

Al Rajhi Bank and SNB stocks ended Tuesday's trading session at SAR 64 and SAR 38.8, respectively.

 

SNB vs Al Rajhi Bank after Q2 2026

Metric

Al Rajhi Bank

SNB

Closing Price (July 21, 2026) (SAR)

SAR 64.00

SAR 38.80

Net profit (SAR bln)

SAR 7.01 bln

SAR 6.61 bln

YoY Profit Growth

14.0 %

7.6 %

Net Interest Income

SAR 7.29 bln

SAR 7.06 bln

Net Financing Income Growth

15.3 %

4.8 %

Net Investment Income

SAR 1.02 bln

SAR 839 mln

Net Investment Income Growth

3.5 %

139.0 %

Total Operating Income

SAR 10.88 bln

SAR 10.58 bln

Total Operating Income Growth

13.3 %

11.3 %

Net Credit Loss Provision

SAR 881 mln

SAR 258 mln

P/E Ratio (x)

14.49x

8.99x

Return on Equity (ROE)

23.49 %

14.0 %

Assets

SAR 1054.77 bln

SAR 1244.69 bln

Assets Growth

1.8 %

3.6 %

Financing Portfolio

SAR 762.10 bln

SAR 739.56 bln

Financing Portfolio Growth

2.7 %

3.5 %

Customer Deposits

SAR 688.36 bln

SAR 698.17 bln

Customer Deposits Growth

3.6 %

6.0 %

*P/E Ratio was calculated based on closing price on July 21, 2026 and EPS for the last 12 months

 

Al Rajhi Bank delivered stronger profit growth, driven by higher financing and investment income. Meanwhile, SNB saw slower profit growth.

 

 

 

 

 

 

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