Saudi Arabia's Al Rajhi Bank reported first-half 2026 net income of SAR 13.764 billion, up 14.2% year on year, as total operating income rose 14% to SAR 21,413 million on higher net financing and investment income and fee income from banking services.
The bank said total assets grew 2% year on year to SAR 1,055 billion, and it reported a return on equity of 23.30% and a return on assets of 2.63%. The financing portfolio grew 3% year on year to more than SAR 762 billion, while customer deposits rose 4% to SAR 688 billion.
PROFIT GROWTH OUTPACES BALANCE SHEET
Net income from financing and investment rose 16% year on year, lifting total operating income by 13.9%.
Argaam data put Al Rajhi's return on equity at 23.49%, against 14.0% at Saudi National Bank. Total operating expenses including expected credit loss provisions rose 18.8%, and ECL provisions increased 34.4% to SAR 1.51 billion.
SECOND QUARTER
In the second quarter alone, net income rose 14% year on year to SAR 7,012 million and was 3.9% higher than in the first quarter.
Chairman Abdullah bin Sulaiman Al Rajhi said the bank would continue investing in digital innovation, customer experience and operational efficiency in the second half of the year.
The full first-half earnings release and supporting materials are available on Al Rajhi Bank's investor relations pages, alongside the bank's regulatory disclosures on the Saudi Exchange.