Saudi listed banks reported an 8% rise in net profits for Q1 2026, reaching SAR 23.95 billion, compared to SAR 22.26 billion in the same period last year.
All banks posted profit growth except Saudi Awwal Bank (SAB), which recorded a decline of more than 2%.
Analysts told Argaam that continued earnings growth despite higher interest rates reflects strong credit demand, noting that the key challenge lies in maintaining efficient cost-to-income ratios.
What’s your view on Saudi banks’ performance in Q1 2026? And what are your forecasts for the next quarter?
Saudi listed banks reported an 8% rise in net profits for Q1 2026, reaching SAR 23.95 billion, compared to SAR 22.26 billion in the same period last year.
All banks posted profit growth except Saudi Awwal Bank (SAB), which recorded a decline of more than 2%.
Analysts told Argaam that continued earnings growth despite higher interest rates reflects strong credit demand, noting that the key challenge lies in maintaining efficient cost-to-income ratios.
What’s your view on Saudi banks’ performance in Q1 2026? And what are your forecasts for the next quarter?
