Summary of financial results for the first half of 2026:

-Net income after Zakat and income tax: Increased by 4% to SAR 4,417 million, compared to SAR 4,262 million in the first half of 2025.

-Total operating income: Stable at SAR 7,275 million, slightly down by 1% compared to SAR 7,341 million in the first half of 2025.

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-Net loans and advances: Increased by 13% to SAR 320 billion, compared to SAR 283 billion in the first half of 2025.-Customer deposits: Increased by 15% to SAR 342 billion, compared to SAR 297 billion in the first half of 2025.-Total equity: Increased by 7% to SAR 81 billion, compared to SAR 76 billion in the first half of 2025.

Ms. Lubna Al-Olayan, Chairperson of the Board of First Saudi Bank, today announced the bank's financial results for the six-month period ended June 30, 2026.

The bank achieved a net income after Zakat and income tax of SAR 4,417 million for the period ended June 30, 2026, an increase of 4% compared to the same period in 2025. Total operating income stabilized at SAR 7,275 million, down by only 1% compared to the same period last year, while operating income in the second quarter rose to SAR 3,663 million, up 1% compared to the previous quarter.

Despite continued market challenges and a more conservative financing approach, 'First' continued to deliver strong financial performance, supported by disciplined execution of its strategy, continued growth in the loan portfolio, robust fee and commission income, and a strong financial position. The bank also continued to expand its customer base while maintaining excellent asset quality and capital base.

Commenting on the results, Ms. Lubna Al-Olayan, Chairperson of First, said: 'Our performance in the first half of the year reflects the strength and diversity of the bank's business model and the disciplined execution of our long-term strategy. Although operating conditions have maintained their moderate and measured pace across the sector as a whole, we have continued to grow our lending portfolio, strengthen our customer relationships and support them in strategic sectors that drive the Kingdom's economic transformation.'

She added: 'We remain focused on delivering sustainable long-term value for our shareholders, while maintaining a strong balance sheet, continuing to support our customers, and contributing to the goals of Saudi Vision 2030.'

During the second quarter, 'First' continued to deliver strong operational performance, supported by stable profit margins, better fee income performance, continued high growth in the loan portfolio while maintaining high credit portfolio quality, and excellent quarterly profit growth. Customer deposits continued to rise, supporting the expansion of the financial position and strengthening its liquidity position. Despite the general slowdown in lending growth in the market, 'First' continues to benefit from promising financing opportunities and expresses confidence in the continued strength of credit demand in the long term.

The bank's mortgage finance also recorded strong performance, despite the moderate pace of growth in the market, reflecting its continued support for customers' homeownership aspirations and contributing to the Kingdom's housing sector targets.

The bank strengthened its support for the Kingdom's economic transformation by providing financing for quality projects in strategic sectors including infrastructure, healthcare, housing, and sustainability, reinforcing its role as a trusted financial partner in supporting the goals of Saudi Vision 2030.

In terms of innovation, 'First' has solidified its position as one of the leading financial institutions in the Kingdom, having recently received a number of international awards, including two from the Global Banking Awards and two from the Global Finance Innovators Awards.

The bank also made progress in implementing its sustainability goals by joining the Partnership for Carbon Accounting Financials (PCAF), contributing to enhancing transparency and supporting the Kingdom's direction towards a more sustainable economy.

Ms. Al-Olayan concluded her statement: 'On behalf of the Board of Directors, I extend my sincere thanks and appreciation to our customers for their continued trust, and to our employees for their commitment and dedication. We also thank the regulatory authorities, our strategic partner HSBC, the Saudi Central Bank, and the Capital Market Authority for their continued support, as we continue to build on our achievements and move forward in creating sustainable value for all stakeholders.'