Riyad Bank joins SAR 9.69 billion Rabigh financing deal for Riyad Bank stock

Published on 10/08/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Riyad Bank stock joins a SAR 9.69 billion project financing. Second-quarter net income rose to SAR 2,649.03 million.

Riyad Bank, SA0007879048, Illustration mit AI erstellt.

Riyad Bank (ISIN SA0007879048) joined the lender group for the SAR 9.69 billion Rabigh 2 power project financing announced on October 8, 2026. The transaction gives the Saudi bank a fresh project-finance exposure while its second-quarter net income had reached SAR 2,649.03 million, up from SAR 2,613.54 million in the previous quarter.

Three results mark the chronology

On April 21, 2026, Riyad Bank reported net income of SAR 2,614 million for the first quarter, according to Borsatalkhaleej. The figure rose to SAR 2,649.03 million in the second quarter ended June 30, 2026, according to Investing.com.

The latest event came on October 8, 2026, when Acwa Power said the Rabigh 2 expansion had reached financial close with Riyad Bank among the participating lenders. The project carries a SAR 9.69 billion financing package and has planned generation capacity of 2,313.5 megawatts, according to Gulf Construction.

What does the financing mean?

The immediate effect is balance-sheet positioning rather than a disclosed earnings contribution. Acwa Power said the financial impact is expected to begin in the second quarter of 2029, leaving Riyad Bank with a long-dated infrastructure exposure before any project contribution is recognized.

Dates and market context

SniperIQ lists October 19, 2026, as Riyad Bank's next scheduled earnings date and gives a consensus earnings-per-share estimate of SAR 0.638, according to SniperIQ. The next Saudi non-oil PMI reading is scheduled for November 3, 2026, according to Edge Consultancy.

Riyad Bank's market capitalization stood at SAR 77.8 billion on October 8, 2026. The 52-week range was SAR 18.98 to SAR 22.41, while 12 of 16 analysts rated the stock Buy and the average 12-month target stood at SAR 25.26, according to Investing.com.