Alinma Bank reported a net profit after zakat of SAR 3.274 billion for the first half of 2026, an increase of 6% on the same period a year earlier, according to a statement issued by the Riyadh-based Islamic lender and published alongside its interim results.
The bank said total operating income for the six months reached SAR 6.14 billion, supported by continued expansion of its core financing portfolio and a stable funding profile. Management described the first-half performance as evidence that the lender's growth strategy was translating into steady bottom-line gains despite a competitive Saudi banking market in which several larger peers have posted double-digit revenue growth.
FINANCING BOOK EXPANDS 6 PERCENT
Net financing on Alinma's balance sheet stood at SAR 243.9 billion at the end of the reporting period, having grown 6% since the start of the year. The bank said the expansion reflected continued demand from corporate clients as well as ongoing appetite in the retail mortgage segment, both of which have been driven by activity linked to Saudi Arabia's Vision 2030 economic transformation programme.
Total assets also grew 6% year to date, keeping pace with the financing book and pointing to a broadly balanced expansion of both sides of the balance sheet. The alignment between asset growth and financing growth suggests management has managed liquidity carefully in a market where several Saudi lenders have leaned on wholesale funding, including international debt issuance, to keep up with rising loan demand.
Alinma is one of the kingdom's fully Sharia-compliant banks and has positioned itself as a mid-sized challenger to the larger incumbents, with a franchise skewed towards corporate, SME and digitally delivered retail products. The 6% growth rates across financing and assets are broadly consistent with the pace the bank has delivered in recent reporting periods and with the tempo it has communicated to analysts.
OPERATING INCOME REACHES SAR 6.14 BILLION
The operating income figure of SAR 6.14 billion places Alinma among the faster-growing Tadawul-listed banks by revenue in the first half of 2026, in a period during which Saudi lenders have generally benefited from the still-elevated rate environment and buoyant credit demand from both the corporate and household sectors.
The 6% year-on-year profit uplift is broadly in line with the pace of asset and financing growth, an outcome consistent with a stable net financing margin over the first half. Alinma did not disclose specific guidance for the remainder of the year in the statement but reiterated its focus on customer acquisition, digital channels and the disciplined build-out of its balance sheet in line with its multi-year strategy.
The lender's shares trade on the Saudi Exchange under the ticker 1150. Alinma is regulated by the Saudi Central Bank, known as SAMA, and its performance is closely watched as a bellwether for the mid-cap segment of the kingdom's banking sector, alongside larger peers such as Saudi National Bank and Al Rajhi Bank.
Full second-quarter and half-year financial statements were published on the bank's investor relations website alongside the earnings release, giving analysts additional detail on segmental performance, funding mix and capital adequacy metrics for the group.