Abdullah Al Rajhi: With 14% Growth, Results Reflect Strength of 'Integrated Banking' Strategy; Al Rajhi Bank Achieves Profits of 13,764 Million Riyals in First Half of 2026

Abdullah Al Rajhi, Chairman of the Board of Directors of Al Rajhi Bank

Al Rajhi Bank achieved continuous growth during the first half of 2026, recording net profits of 13,764 million riyals, an increase of 14% compared to the same period in 2025, supported by strong operational performance and continued business growth, reflecting the robustness of the 'Integrated Banking' strategy.

The bank recorded total operating income of approximately 21,413 million riyals, an annual growth of 14%, driven by higher net financing and investment income, as well as growth in revenues from banking service fees, confirming the success of the strategy to focus on stimulating product returns and diversifying income sources.

Total assets also rose to 1,055 billion riyals, an increase of 2% year-on-year, while the financing portfolio grew by 3% to more than 762 billion riyals, and customer deposits reached 688 billion riyals, growing by 4% year-on-year, confirming continued customer confidence and the strength of the bank's financial position.

The bank maintained strong profitability levels while maintaining high asset quality, recording a return on assets of 2.63% and a return on equity of 23.30%, while earnings per share reached 2.17 riyals, with continued maintenance of a high coverage ratio for non-performing financing.

Chairman of the Board of Directors of Al Rajhi Bank, Mr. Abdullah bin Suleiman Al Rajhi, said: 'The strength of the bank’s operations has enhanced our ability to provide banking solutions that meet our customers’ aspirations and improve operational efficiency, contributing to achieving sustainable value for shareholders and supporting the Saudi economy.'

He added: 'We continue to invest in developing digital services, enhancing the customer experience, and leveraging integration among business sectors and subsidiaries, supported by the 'Integrated Banking' strategy, which enhances the bank’s competitiveness and supports long-term growth.'

Extending the impact of this performance to society, Al Rajhi Bank continues to implement developmental, community, and qualitative initiatives that reflect its commitment to creating a sustainable impact beyond financial results, through investing in people, improving quality of life, and supporting the most needy groups, in line with the goals of Saudi Vision 2030.

Abdullah Al Rajhi said: 'Our investment in society is an extension of our responsibility and our belief that impact lasts longer than achievement; therefore, we continue to invest in qualitative initiatives in housing, education, health, and empowerment, contributing to building a more stable and prosperous society.'

At the forefront of these initiatives, the bank continues to support the 'Dar Shahim' initiative in partnership with the Fund for Martyrs, Injured, Prisoners, and Missing Persons, which aims to build 50 housing units on land owned by fund beneficiaries in several regions of the Kingdom, contributing to providing residential stability for more than 240 individuals from the families of security and military personnel and their relatives.

The initiative has seen progress in implementation, with 9 housing units delivered as part of the first phase targets, which include delivering 13 units by the end of the third quarter of 2026. Meanwhile, preparatory work for the second phase has begun, including completing licensing procedures, preparing architectural plans, and contracting, reflecting the keenness to accelerate implementation and maximize social impact.

In the field of education, the Al Rajhi Bank Educational Orphan Care Program continues for its fifth year, supporting more than 200 male and female students annually. To date, the program has contributed to graduating 19 students, as part of the bank’s efforts to invest in the future of children and enable them educationally and socially.

The bank also continued its support for the health sector through a number of initiatives and specialized medical centers, which have benefited more than 110,000 beneficiaries, including the Diabetes Center, the Cardiac Catheterization Center in Al-Qassim, the Anti-Smoking Center, and the Medical Rehabilitation Center in Turaif, in addition to blood donation buses in Riyadh and Medina, contributing to improving the quality of health services and enhancing access to them.

As part of financial awareness, the 'Riyal and Generations Tour' initiative continues to introduce young people to concepts of saving and financial literacy. The bank has hosted more than ten educational institutions, with the participation of 145 male and female students in a knowledge experience aimed at enhancing financial culture among new generations.

The Chairman concluded his statement by affirming that Al Rajhi Bank will move forward in the second half of the year in implementing its strategic priorities, through investment in digital innovation, improving customer experience, raising operational efficiency, along with expanding the impact of its community initiatives, supporting business growth, enhancing the bank’s position as one of the leading financial institutions regionally, and achieving long-term value for all stakeholders.

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