Al Rajhi Bank Q3 2026 revenues rise 11.7% to SAR 7.1 billion

Al Rajhi Bank’s revenues rose by 11.7% to 7.10 billion riyals (SAR) in the third quarter of 2026, up from 6.3 billion riyals in the same period last year.

Net profit from private investments reached 955 million riyals in the third quarter, compared to 925 million riyals a year earlier, marking a 3% increase. This growth was mainly driven by an 18.1% rise in net financing income, reflecting higher overall investment income, despite a decline in total returns on financing.

Net income increased due to a 12.5% overall rise in operations, primarily attributed to higher net financing and banking service fees, offset by lower income from other operations and foreign currency exchange.

Meanwhile, total operating expenses increased, leading to a 15.2% drop in credit rates as a result of higher general and administrative expenses, as well as staff costs and benefits, despite a decrease in depreciation expenses. Additionally, the volume of allocated loans rose from 570 million riyals to 852 million riyals, a 49.5% increase.

Net profit for the current period reached 20.8 billion riyals, compared to 18.4 billion riyals in the same period last year. The source text does not clearly specify the exact percentage change.