Saudi listed banks on the Saudi stock market "Tadawul" achieved record profits during the second quarter of 2026, on a year-on-year basis, supported by the increase in profits of all banks led by the National Commercial Bank and Al Rajhi Bank, bolstered by rising financing and investment revenues and the continued growth of lending portfolios.

Profits of 10 listed banks increased during the second quarter of 2026 by 8.2% year-on-year, reaching 24.87 billion riyals after zakat and tax, compared to 22.98 billion riyals in the same quarter of 2025, according to statistics prepared by "Al Arabiya Business".

Highest Profits

Al Rajhi Bank topped the list of the highest profits in the second quarter of 2026 on a year-on-year basis with strong profits exceeding 7 billion riyals, growing by 14% compared to the second quarter of 2025.

The increase in Al Rajhi Bank's profits was due to a 13.3% rise in total operating income, primarily driven by an increase in net income from financing and investments, banking service fees, and income from foreign currency conversions.

Profits of the National Commercial Bank increased by 7.6% to 6.6 billion riyals, supported by an 11.3% rise in total operating income to 10.6 billion riyals due to an 11.4% increase in net income from financing and investments, along with a 34% rise in total gains/income from investments and a 3.3% increase in net foreign currency conversion income.

Al Rajhi Bank and the National Commercial Bank accounted for approximately 55% of the total profits of listed banks in the second quarter of this year.

Consecutive Increases

In third place was Riyad Bank with a 2% growth and a net profit attributable to shareholders of 2.65 billion riyals, followed by the Saudi Awwal Bank with a growth of 9.6% and a net profit of 2.33 billion riyals.

Alinma Bank ranked fifth with a net profit of nearly 1.6 billion riyals and a growth of 1.4% year-on-year, followed by Banque Saudi Fransi "BSF" with a profit of 1.49 billion riyals and a growth rate of 6%, then Arab National Bank with net profits of 1.42 billion riyals, up 6.5% from the second quarter of 2025.

Bank Albilad's profits increased by 3.37% to 791.6 million riyals, Saudi Investment Bank by 3.63% to 531.1 million riyals, and finally Bank Al-Jazira with a 15.9% increase, bringing its net profits to 442.8 million riyals.

On a quarterly basis, Saudi listed banks continued to achieve consecutive increases in their quarterly profits; they rose during the second quarter of 2026 by 3.8% compared to their net profits in the first quarter of the same year, which amounted to 23.95 billion riyals.