Saudi Arabian banking sector profits rise to 73.58 billion riyals

The ten major listed banks in Saudi Arabia reported combined net profits of 73.58 billion riyals for the first nine months of 2026, representing a 6.84% increase compared to the 68.87 billion riyals earned during the same period in 2025.

In the third quarter of 2026, aggregate banking sector profits grew by 4.8% year-on-year to reach 24.75 billion riyals. Al Rajhi Bank led the sector in third-quarter performance with a net profit of 7.1 billion riyals, an 11.73% increase. Saudi National Bank (SNB) followed with 6.45 billion riyals, despite a slight year-on-year decline of 0.29%.

Other notable performers in the third quarter included Riyad Bank, which saw a 6.6% profit increase to 2.865 billion riyals, and Banque Saudi Fransi, which grew by 11.5% to 1.51 billion riyals. On a cumulative nine-month basis, Al Rajhi Bank remained the top earner with 20.87 billion riyals, followed by Saudi National Bank with 19.48 billion riyals.