Alinma Bank announced on Tuesday its preliminary financial results for the six-month period ended June 30, 2026, achieving a net profit attributable to shareholders of SR3.27 billion, an increase of 6.2% compared to approximately SR3.08 billion in the same period last year.

The bank stated that the increase in profits during the period was mainly due to growth in net income from financing and investment and an increase in fair value gains on investments, despite a decline in some other income items, including banking service fees and currency exchange income.

In a disclosure to the Tadawul website, the bank explained that total operating profit rose by 6.6% to SR6.14 billion, while net profit before zakat and tax increased by 6.5% to SR3.65 billion. Net financing and investment income also recorded notable growth, supported by an increase in financing and investment assets.

SR1.6 billion profit in Q2

In the second quarter of 2026, net profit attributable to shareholders reached SR1.60 billion, compared to SR1.57 billion in the same quarter last year, an increase of 1.4%, but declined by about 5% compared to the first quarter of this year, due to a 157% quarter-on-quarter increase in expected credit loss provisions.

The bank noted that total special commission income from financing during the first half increased by 7.6% to SR7.76 billion, while special commission income from investments rose by 7.3% to SR1.24 billion. Net financing income increased to SR4.33 billion, up 10.4%, and net investment income reached SR692.5 million, up 10%.

On the financial position front, the bank's assets increased to SR329.29 billion as of end-June 2026, up 10.8% year-on-year, while the financing and investment portfolio grew to SR243.91 billion, up 11.6%. Customer deposits rose to SR245.25 billion, up 6.7%, and equity increased to SR50.12 billion, up 11.9%.

SR746.3 million cash dividends distribution

In a related context, the board of directors of Alinma Bank decided to distribute cash dividends to shareholders for the second quarter of this year, with a total value of SR746.3 million.

The bank explained that the distribution value is SR0.25 per share after deducting zakat, representing 2.5% of the nominal share value. Eligibility for dividends is for shareholders who own shares at the end of trading on August 3, 2026, and are registered in the bank's shareholder register at the Securities Depository Center (Edaa) by the end of the second trading day following the record date. The dividends will be paid on August 17, 2026.

The bank confirmed that it has obtained the non-objection of the Saudi Central Bank regarding the cash dividend distribution.