Logos ofSaudi National Bank (SNB) and Al Rajhi Bank
Saudi National Bank (SNB) and Al Rajhi Bank, the two largest lenders listed on the Saudi Exchange (Tadawul), announced their annual financial results for Q2 2026, with evident differences in their operational performance. 
Al Rajhi Bank outperformed in profit and financing income growth, while SNB outperformed in terms of financing portfolio and customer deposit growth.
Al Rajhi Bank’s net profit rose 14% year-on-year (YoY) to SAR 7.01 billion in Q2 2026, compared to SAR 6.15 billion. Meanwhile, SNB’s Q2 2026 net profit grew by 7.6% YoY to SAR 6.61 billion from SAR 6.14 billion.
Al Rajhi Bank and SNB stocks ended Tuesday’s trading session at SAR 64 and SAR 38.8, respectively.
SNB vs Al Rajhi Bank after Q2 2026
Metric
Al Rajhi Bank
SNB
Closing Price (July 21, 2026) (SAR)
SAR 64.00
SAR 38.80
Net profit (SAR bln)
SAR 7.01 bln
SAR 6.61 bln
YoY Profit Growth
14.0%
7.6%
Net Interest Income
SAR 7.29 bln
SAR 7.06 bln
Net Financing Income Growth
15.3%
4.8%
Net Investment Income
SAR 1.02 bln
SAR 839 mln
Net Investment Income Growth
3.5%
139.0%
Total Operating Income
SAR 10.88 bln
SAR 10.58 bln
Total Operating Income Growth
13.3%
11.3%
Net Credit Loss Provision
SAR 881 mln
SAR 258 mln
P/E Ratio (x)
14.49x
8.99x
Return on Equity (ROE)
23.49%
14.0%
Assets
SAR 1054.77 bln
SAR 1244.69 bln
Assets Growth
1.8%
3.6%
Financing Portfolio
SAR 762.10 bln
SAR 739.56 bln
Financing Portfolio Growth
2.7%
3.5%
Customer Deposits
SAR 688.36 bln
SAR 698.17 bln
Customer Deposits Growth
3.6%
6.0%
*P/E Ratio was calculated based on closing price on July 21, 2026 and EPS for the last 12 months
Al Rajhi Bank delivered stronger profit growth, driven by higher financing and investment income. Meanwhile, SNB saw slower profit growth.
Logos ofSaudi National Bank (SNB) and Al Rajhi Bank
Saudi National Bank (SNB) and Al Rajhi Bank, the two largest lenders listed on the Saudi Exchange (Tadawul), announced their annual financial results for Q2 2026, with evident differences in their operational performance.
Al Rajhi Bank outperformed in profit and financing income growth, while SNB outperformed in terms of financing portfolio and customer deposit growth.
Al Rajhi Bank’s net profit rose 14% year-on-year (YoY) to SAR 7.01 billion in Q2 2026, compared to SAR 6.15 billion. Meanwhile, SNB’s Q2 2026 net profit grew by 7.6% YoY to SAR 6.61 billion from SAR 6.14 billion.
Al Rajhi Bank and SNB stocks ended Tuesday’s trading session at SAR 64 and SAR 38.8, respectively.
SNB vs Al Rajhi Bank after Q2 2026
Metric
Al Rajhi Bank
SNB
Closing Price (July 21, 2026) (SAR)
SAR 64.00
SAR 38.80
Net profit (SAR bln)
SAR 7.01 bln
SAR 6.61 bln
YoY Profit Growth
14.0%
7.6%
Net Interest Income
SAR 7.29 bln
SAR 7.06 bln
Net Financing Income Growth
15.3%
4.8%
Net Investment Income
SAR 1.02 bln
SAR 839 mln
Net Investment Income Growth
3.5%
139.0%
Total Operating Income
SAR 10.88 bln
SAR 10.58 bln
Total Operating Income Growth
13.3%
11.3%
Net Credit Loss Provision
SAR 881 mln
SAR 258 mln
P/E Ratio (x)
14.49x
8.99x
Return on Equity (ROE)
23.49%
14.0%
Assets
SAR 1054.77 bln
SAR 1244.69 bln
Assets Growth
1.8%
3.6%
Financing Portfolio
SAR 762.10 bln
SAR 739.56 bln
Financing Portfolio Growth
2.7%
3.5%
Customer Deposits
SAR 688.36 bln
SAR 698.17 bln
Customer Deposits Growth
3.6%
6.0%
*P/E Ratio was calculated based on closing price on July 21, 2026 and EPS for the last 12 months
Al Rajhi Bank delivered stronger profit growth, driven by higher financing and investment income. Meanwhile, SNB saw slower profit growth.
