SAIB profit up 3% to SAR 519.6M in Q1 2026

The Saudi Investment Bank (SAIB) reported a net profit of SAR 519.6 million in Q1 2026, a 3% rise from SAR 503.3 million a year earlier.

The annual profit increase was driven by a 1.6% hike in net special commission income, primarily due to stronger gross financing and investment returns.

In Q1 2026, SAIB’s total operating income increased by 0.6%, mainly due to higher net special commission income, fee income from banking services and other income which was partially offset by decrease in gains on disposals of FVOCI debt securities, unrealized gain in fair value through statement of income and exchange income.

Total operating expenses also shrank by 4.7%, primarily on lower general and administrative expenses, provisions for credit and other losses and depreciation and amortization expenses despite the partial rise in salaries and employee-related expenses and rent & premises related expenses.

Meanwhile, net provision of expected credit losses and other losses fell 6.2% due to higher recoveries resulted in a lower net charge for loans and advances.

Sequentially, however, the three-month net profit retreated by 42.1% from SAR 897.3 million in Q4 2025.

Shareholders’ equity, no minority interest and after excluding sukuk, surged to SAR 17.52 billion as of March 31, 2026, from SAR 15.93 billion in the year-ago period.

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