Bank AlJazira Achieves SAR 848 Million Profit, Up 14%
سجل بنك الجزيرة أرباحاً صافية بلغت 848 مليون ريال خلال النصف الأول من عام 2026، مدعوماً بنمو في التمويل وودائع العملاء.
Bank AlJazira announced a net profit of SAR 848 million for the six months ended June 30, 2026, an increase of 14% compared to the same period last year, reflecting the bank's continued balanced growth and strengthening of its financial position.
The bank recorded growth in key performance indicators, with net financing increasing to SAR 121 billion, up 17% year-on-year, while customer deposits rose to SAR 133 billion, an increase of 16%. Total assets reached SAR 181 billion, growing 15%, reflecting the strength of the bank's business and its solid financial position, along with maintaining strong liquidity and solvency levels.
The CEO and Managing Director of Bank AlJazira, Naif Alabdulkarim, said that the first-half results reflect the bank's success in maintaining a balanced growth pace across various business sectors, supporting its journey toward achieving sustainable value for its customers and shareholders.
Alabdulkarim explained that the bank's capital base was strengthened through a Tier 1 sukuk issuance, which supports the solidity of our financial position and enables us to capitalize on promising opportunities in the Saudi market, characterized by its strength, vitality, and flexibility. He noted the continued development of products, services, and digital capabilities, and the provision of financial solutions that meet the evolving needs of our customers, enabling them to grow their wealth and achieve their aspirations.
This performance is an extension of the bank's strategy aimed at enhancing operational efficiency, expanding its banking and financing services, accelerating digital transformation, and providing specialized financial solutions that meet customer needs, in addition to supporting the business sector and contributing to economic development in the Kingdom.
This journey embodies Bank AlJazira's vision 'Here Wealth Grows,' by enabling customers to grow their wealth and achieve their financial goals, and providing advanced banking solutions and innovative digital experiences, reinforcing the bank's role as a trusted financial partner in the growth and prosperity journey for its customers, the business sector, and the national economy.
Original source: Akhbaar24
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