Financial Results : Al Rajhi Bank profit rises 14% to SAR 6.75B in Q1 2026

Al Rajhi Bank profit rises 14% to SAR 6.75B in Q1 2026

21/04/2026 Argaam Exclusive

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Al Rajhi Bank's net profit reached SAR 6.75 billion in Q1 2026, up 14% compared to SAR 5.91 billion a year earlier.

 


Current Quarter Comparison (M)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Net Income from investments and financial activities 7,097.12 8,405.00 18.4 %
Operating Income 9,200.15 10,528.00 14.4 %
Debt Provisions (525.00) (631.00) (20.2 %)
Net Income 5,906.04 6,752.00 14.3 %
Average Shares 6,000.00 6,000.00 -
Earnings Per Share before unusual items (Riyal) 0.98 1.13 14.3 %
EPS (Riyal) 0.98 1.13 14.3 %
EPS Diluted (Riyal) 0.94 1.06 12.8 %

The heavyweight lender noted an 18.4% increase in net income from financing and investment, driven by higher overall returns on financing and investment.

 

Total operating income grew by 14.4% on higher financing and investment income, banking service fees and foreign exchange income, along with a decline in depreciation expenses.

 

On the other hand, income from other operations declined, while total operating expenses including credit loss provisions rose by 18.2% due to higher general and administrative expenses and employee costs.

 

Credit loss provisions increased 20.2% from SAR 525 million to SAR 631 million, with net expected credit loss provisions rising on higher additions and increased recoveries from previously written-off financing compared to the same quarter last year.

Balance Sheet (B)

Item 3m 2025 3m 2026 Change‬
Assets 1,020.63 1,051.27 3.0 %
Customer Deposits 657.18 678.73 3.3 %
Financing Investments 722.79 753.73 4.3 %

Sequentially, the first-quarter net profit climbed 5.9% from SAR 6.37 billion in Q4 2025.

 

Shareholders’ equity, after minority interest and sukuk, stood at SAR 120.85 billion by the end of March 2026, compared to SAR 105.03 billion in the year-earlier period.

 

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