Abdullah bin Sulaiman Al Rajhi, Chairman of Alrajhi Bank 
alrajhi bank sustained its strong performance during the first nine months of 2026, reporting net profit of SAR 20,870 million, an increase of 13% compared with the same period in 2025. This growth reflects robust operating performance and continued business expansion across the Bank’s business segments and subsidiaries, supported by its “Harmonize the Group” strategy.
Total operating income rose to approximately SAR 32,528 million, representing year-on-year growth of 13%, driven by higher net financing and investment income and increased banking fee income. This performance demonstrates the success of the Bank’s strategy in enhancing product returns and diversifying income streams.
Total assets increased by 2% year-on-year to SAR 1,076 billion, while the financing portfolio grew by 2% to SAR 775 billion. Customer deposits exceeded SAR 700 billion, underscoring the strength of the Bank’s financial position.
The Bank maintained strong profitability and asset quality, recording a return on assets of 2.7% and a return on equity of 23.3%. Earnings per share stood at SAR 3.27, while the Bank continued to maintain a high coverage ratio for non-performing financing.
Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, said: “Our third-quarter results reflect the continued implementation of our harmonize the group strategy, which strengthens integration across the business units and subsidiaries of the alrajhi bank group. The strategy aims to deliver sustainable growth by providing comprehensive, innovative financial products and services to customers across different segments and sectors, while continuing to invest in digital transformation in line with Saudi Vision 2030 and supporting the aspirations of the Kingdom’s financial sector.”
The Chairman highlighted the bank’s successful issuance, during the third quarter of 2026, of USD 600 million in Sharia-compliant, US dollar-denominated social Tier 2 sukuk to eligible investors in Saudi Arabia and internationally. The offering marks alrajhi bank’s second Tier 2 issuance in the international debt capital markets.
Al Rajhi reaffirmed the bank’s commitment to strengthening its contribution to development and society through initiatives that invest in people and enhance quality of life, in line with Saudi Vision 2030. He highlighted the launch of the second phase of the “Dar Shahm” initiative, in partnership with the Martyrs, Wounded, Prisoners and Missing Persons Fund, following the completion and handover of 13 homes in the first phase of the initiative’s 50-home target. The initiative began in Jazan and Aseer, with subsequent phases to extend to Riyadh and the Eastern Province, helping provide housing stability for more than 240 family members of security and military personnel.
In healthcare, the bank launched an initiative to establish two talent development centers for people with autism spectrum disorder and disabilities in the Eastern Province and Hail, serving more than 150 beneficiaries. Meanwhile, the number of beneficiaries of alrajhi bank’s specialized medical centers exceeded 145,000, through its diabetes and cardiac catheterization centers in Qassim, smoking cessation and medical rehabilitation centers in the Northern Borders Region, and mobile blood donation units in Riyadh and Madinah.
In education, the Educational Sponsorship Program for Orphans, now in its fifth year, continues to support more than 200 male and female students annually at 21 universities across the Kingdom. In addition, 135 students from more than ten educational institutions benefited from the “Riyal and Generations Tour” initiative to promote financial literacy and saving.
In human capital development, the bank announced that 141 male and female participants had graduated from the “Blue Generation” program and been employed since the beginning of 2026. It also reported the employment of more than 1,600 social security beneficiaries in cooperation with the Ministry of Human Resources and Social Development and other relevant entities.
Among its subsidiaries, “Atmaal” opened its new headquarters in Qassim, following an increase in its employment opportunities from approximately 400 in 2022 to more than 4,000 today, with a target of exceeding 6,000 jobs by 2030.
The bank also continued to strengthen its brand position, being named the most influential brand in the financial sector for the seventh consecutive year, according to the Ipsos report, and ranking first among Saudi Arabia’s top 20 most valuable brands for 2026, according to the Kinz Research report.
The Chairman concluded by reaffirming that alrajhi bank will continue to execute its strategic priorities in the period ahead by investing in digital innovation, enhancing the customer experience and improving operational efficiency, while expanding the impact of its community initiatives. These efforts will support the achievement of Saudi Vision 2030 and deliver long-term value for all stakeholders.
Abdullah bin Sulaiman Al Rajhi, Chairman of Alrajhi Bank
alrajhi bank sustained its strong performance during the first nine months of 2026, reporting net profit of SAR 20,870 million, an increase of 13% compared with the same period in 2025. This growth reflects robust operating performance and continued business expansion across the Bank’s business segments and subsidiaries, supported by its “Harmonize the Group” strategy.
Total operating income rose to approximately SAR 32,528 million, representing year-on-year growth of 13%, driven by higher net financing and investment income and increased banking fee income. This performance demonstrates the success of the Bank’s strategy in enhancing product returns and diversifying income streams.
Total assets increased by 2% year-on-year to SAR 1,076 billion, while the financing portfolio grew by 2% to SAR 775 billion. Customer deposits exceeded SAR 700 billion, underscoring the strength of the Bank’s financial position.
The Bank maintained strong profitability and asset quality, recording a return on assets of 2.7% and a return on equity of 23.3%. Earnings per share stood at SAR 3.27, while the Bank continued to maintain a high coverage ratio for non-performing financing.
Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, said: “Our third-quarter results reflect the continued implementation of our harmonize the group strategy, which strengthens integration across the business units and subsidiaries of the alrajhi bank group. The strategy aims to deliver sustainable growth by providing comprehensive, innovative financial products and services to customers across different segments and sectors, while continuing to invest in digital transformation in line with Saudi Vision 2030 and supporting the aspirations of the Kingdom’s financial sector.”
The Chairman highlighted the bank’s successful issuance, during the third quarter of 2026, of USD 600 million in Sharia-compliant, US dollar-denominated social Tier 2 sukuk to eligible investors in Saudi Arabia and internationally. The offering marks alrajhi bank’s second Tier 2 issuance in the international debt capital markets.
Al Rajhi reaffirmed the bank’s commitment to strengthening its contribution to development and society through initiatives that invest in people and enhance quality of life, in line with Saudi Vision 2030. He highlighted the launch of the second phase of the “Dar Shahm” initiative, in partnership with the Martyrs, Wounded, Prisoners and Missing Persons Fund, following the completion and handover of 13 homes in the first phase of the initiative’s 50-home target. The initiative began in Jazan and Aseer, with subsequent phases to extend to Riyadh and the Eastern Province, helping provide housing stability for more than 240 family members of security and military personnel.
In healthcare, the bank launched an initiative to establish two talent development centers for people with autism spectrum disorder and disabilities in the Eastern Province and Hail, serving more than 150 beneficiaries. Meanwhile, the number of beneficiaries of alrajhi bank’s specialized medical centers exceeded 145,000, through its diabetes and cardiac catheterization centers in Qassim, smoking cessation and medical rehabilitation centers in the Northern Borders Region, and mobile blood donation units in Riyadh and Madinah.
In education, the Educational Sponsorship Program for Orphans, now in its fifth year, continues to support more than 200 male and female students annually at 21 universities across the Kingdom. In addition, 135 students from more than ten educational institutions benefited from the “Riyal and Generations Tour” initiative to promote financial literacy and saving.
In human capital development, the bank announced that 141 male and female participants had graduated from the “Blue Generation” program and been employed since the beginning of 2026. It also reported the employment of more than 1,600 social security beneficiaries in cooperation with the Ministry of Human Resources and Social Development and other relevant entities.
Among its subsidiaries, “Atmaal” opened its new headquarters in Qassim, following an increase in its employment opportunities from approximately 400 in 2022 to more than 4,000 today, with a target of exceeding 6,000 jobs by 2030.
The bank also continued to strengthen its brand position, being named the most influential brand in the financial sector for the seventh consecutive year, according to the Ipsos report, and ranking first among Saudi Arabia’s top 20 most valuable brands for 2026, according to the Kinz Research report.
The Chairman concluded by reaffirming that alrajhi bank will continue to execute its strategic priorities in the period ahead by investing in digital innovation, enhancing the customer experience and improving operational efficiency, while expanding the impact of its community initiatives. These efforts will support the achievement of Saudi Vision 2030 and deliver long-term value for all stakeholders.
