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.
Total operating income for the six months rose 6.6% to SAR 6.14 billion, driven mainly by higher income from financing and investments and from FVSI instruments, partly offset by lower fee, exchange and other operating income.
FINANCING BOOK EXPANDS 11.6 PERCENT
Net financing on Alinma's balance sheet stood at SAR 243.9 billion at the end of the reporting period, up 11.6% year on year.
Total assets rose 10.8% year on year to SAR 329.3 billion, while customer deposits increased 6.7% to SAR 245.3 billion.
Alinma is one of the kingdom's fully Sharia-compliant banks; corporate gross financing of SAR 180.8 billion at the end of June compared with SAR 67.3 billion in retail.
OPERATING INCOME REACHES SAR 6.14 BILLION
The operating income figure of SAR 6.14 billion represents a 6.6% year-on-year increase; non-funded income fell 7.7% to SAR 1.11 billion, with fees from banking services down 13.7%.
Profit growth lagged the rise in operating income as impairment charges increased 9.5% to SAR 555.7 million; second-quarter net profit edged up 1.4% to SAR 1.60 billion. The board also approved a cash dividend of SAR 0.25 per share for the second quarter of 2026.
The lender's shares trade on the Saudi Exchange under the ticker 1150. Alinma is regulated by the Saudi Central Bank, known as SAMA.
The bank published a second-quarter earnings presentation and financial data supplement on its investor relations website.
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