Riyad Bank 9M 2026 net profit grows 5% to SAR 8.13B; Q3 at SAR 2.87B

Riyad Bank reported a net profit growth of 5% to SAR 8.13 billion in the nine months ended Sept. 30, 2026, from SAR 7.77 billion in the year-earlier period.

This was driven by a 4.5% increase in special commission income, following an increase in special commission income from loans and advances, and investments.

The bank also cited an increase in total operating income, driven by higher net trading income, net special commission income, net foreign exchange income, and dividend income. This came despite a decline in net fee and commission income, net gains on the sale of investments held for non-trading purposes, and other operating income.

On the other hand, the lender reported a rise in total operating expenses, on higher net impairment charges on investments, depreciation of property, equipment and right-of-use assets, and salaries and employee-related expenses. Net provisions for expected credit losses and other losses also increased by 8.7%, driven by higher net impairment charges on investments, despite lower net impairment charges for credit losses and other financial assets.

Q3 2026 net earnings grew 7% to SAR 2.87 billion, compared to SAR 2.68 billion in Q3 2025, on a 0.9% increase in special commission income, driven by higher special commission income from investments, despite lower special commission income from loans and advances.

On a quarterly basis, net profit rose 8.2% from SAR 2.64 billion in Q2 2026.

Total shareholders’ equity, with no minority interest and excluding sukuk, stood at SAR 66.75 billion as of Sept. 30, 2026, compared to SAR 61.57 billion in the prior-year period.

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