'Al-Eqtisadiah' from Riyadh

Monday, July 20, 2026 16:16 | 1 minute read

Saudi French Bank achieved a 6% increase in second-quarter profits, while the board of directors decided to distribute cash dividends to shareholders worth 1.4 billion riyals for the first half, according to two separate disclosures on Monday.

The bank's net profit in the second quarter amounted to about 1.5 billion riyals, compared to 1.4 billion in the same quarter last year.

The increase in net income was mainly driven by a 5.2% growth in total operating income, partially offset by a 2.1% increase in total operating expenses, according to one of the disclosures.

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Total operating income rose, supported by an increase in net special commission income, net fees and commission income, foreign exchange income, and trading income, partially offset by a decrease in gains on investments held for non-trading purposes.

The bank's net profit for the first half reached 2.87 billion riyals, an increase of 4.6% from 2.74 billion achieved in the first half of last year.

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Regarding the cash dividends that the board decided to distribute for the first half of the year, the share per share is 0.57 riyals after deducting zakat.

The bank obtained the Saudi Central Bank's no-objection to the board's decision to distribute cash dividends to shareholders.

The first-half dividend distributions will be for shareholders who own the bank's shares by the end of trading next Thursday, and who are registered in the company's shareholder register at the Securities Depository Center (Edaa) by the end of the second trading day following the entitlement date.

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