Bank AlJazira's net profit in Q2 2026 rose by 15.9% to SAR 442.8 million, compared to SAR 382.1 million in the same quarter last year.

According to the bank's statement on the Saudi Tadawul website, net income increased by 16% due to a 10% rise in operating income.

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This is mainly attributed to the increase in net financing and investment income, net gain on financial instruments at fair value through the income statement, and dividend income, as well as the absence of a loss on sale of financial assets at amortized cost and at fair value through other comprehensive income, offset by a decrease in net income from banking service fees, net foreign exchange income, and other operating income. Meanwhile, operating expenses rose by 7%, mainly due to an increase in employee salaries and related expenses, depreciation and amortization, and rent and building expenses, offset by a decrease in other operating expenses. The bank reported that the increase in net income was offset by a higher zakat charge for the quarter.

On a quarterly basis, net income rose by 9% due to a 6% increase in operating income, mainly driven by an increase in net gain on financial instruments at fair value through the income statement, net financing and investment income, and dividend income, offset by a decrease in net income from banking service fees. Meanwhile, operating expenses increased by 5%, mainly due to a rise in other general and administrative expenses, net credit loss provision, employee salaries and related expenses, and rent and building expenses, offset by a decrease in other operating expenses. The increase in net income was offset by a lower zakat charge for the quarter.

Net income for the first half of 2026 rose by 14% due to a 9% increase in operating income, mainly driven by an increase in net financing and investment income, net gain on financial instruments at fair value through the income statement, and dividend income, offset by a decrease in net income from banking service fees and net foreign exchange income. Meanwhile, operating expenses increased by 4%, mainly due to a rise in employee salaries and related expenses, other operating expenses, depreciation and amortization, and rent and building expenses, offset by a decrease in net credit loss provision and other general and administrative expenses. According to the statement, the increase in net income was offset by a higher zakat charge for the period.