Riyad Bank joins Rabigh financing deal for Riyad Bank stock

Published on 10/12/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Riyad Bank joins SAR 9.69 billion Rabigh financing. Riyad Bank stock is valued at SAR 77.0 billion on October 12, 2026.

Key points in brief

Riyad Bank joined the SAR 9.69 billion Rabigh 2 financing consortium secured on October 1, 2026.
The financing has an approximately 34-year tenor and is expected to affect project finances from the second quarter of 2029.
Riyad Bank reported SAR 2.65 billion in second-quarter 2026 net income and SAR 0.62 GAAP earnings per share.
The bank's market capitalization was SAR 77.0 billion on October 12, 2026, while its 52-week range was SAR 18.98 to SAR 22.41.

Riyad Bank, SA0007879048, Illustration mit AI erstellt.

Riyad Bank (ISIN SA0007879048) joined the SAR 9.69 billion Rabigh 2 financing secured on October 1, 2026, extending the bank's project-finance exposure in Saudi Arabia. Argaam reported the financing on October 4, 2026, naming Riyad Bank among the local, regional and international lenders.

Rabigh financing carries a 34-year tenor

The financing supports the 2,313.5-megawatt Rabigh 2 combined-cycle gas project in western Saudi Arabia. The project is designed to be carbon-capture ready, and commercial operations are expected to begin in the second quarter of 2029, according to Argaam.

The project financing has an approximately 34-year tenor. That structure gives Riyad Bank a long-dated lending connection to power infrastructure, while the expected financial impact begins only when commercial operations start.

What does the latest profit show?

Riyad Bank reported SAR 2.65 billion in net income for the second quarter of 2026, compared with SAR 2.61 billion in the first quarter. GAAP earnings per share were SAR 0.62 in the second quarter, versus a SAR 0.61 consensus estimate, according to Yahoo Finance.

The comparison points to a modest sequential improvement in reported profit, while the earnings-per-share result exceeded the cited consensus by SAR 0.01. The latest quarterly revenue figure was SAR 4.74 billion, according to the same Yahoo Finance earnings table.

Three dated developments shape the picture

On June 30, 2026, Riyad Bank recorded second-quarter net income of SAR 2.65 billion and GAAP earnings per share of SAR 0.62, per Yahoo Finance. On September 15, 2026, Riyad Bank participated in a USD 50 million funding round for Tarabut Gateway, according to MarketScreener. On October 1, 2026, the Rabigh 2 financing reached financial close.

Riyad Bank stock stays below its yearly high

Riyad Bank stock had a market capitalization of SAR 77.0 billion on October 12, 2026. Its 52-week range was SAR 18.98 to SAR 22.41 on October 11, 2026, placing the latest Tadawul quote inside a broad Saudi banking valuation frame.

A master-data profile identifies Riyad Bank as ticker 1010 on Tadawul, with ISIN SA0007879048, the Financials sector and SAR as its quotation currency. The bank provides retail, corporate, investment-banking, brokerage, treasury and investment services.

Market context and company details

Riyad Bank stock was quoted at SAR 19.34 on October 12, 2026 at 8:26 a.m. UTC, with SAR 19.46 as the preceding session value in the structured market data. The finance data identifies the instrument as Riyad Bank and reports 460,684 shares in volume at the cited timestamp.