Sadif downgraded Banque Saudi Fransi stock to Strong Sell

Published on 10/08/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Banque Saudi Fransi stock, first-half profit reached SAR 2.90 billion, up 5.00 percent. The next results are scheduled for October 25, 2026.

Banque Saudi Fransi, SA0007879782, Illustration mit AI erstellt.

Banque Saudi Fransi (SA0007879782) was downgraded to Strong Sell by MarketScreener on September 16, 2026. The same page lists 13 analysts and an average target of SAR 22.36, giving the downgrade a measurable valuation context.

Three dated signals for the bank

On July 20, 2026, Banque Saudi Fransi approved a cash dividend equal to 5.70 percent for the first half of 2026, according to Argaam. On September 16, 2026, Estithmar Capital completed the acquisition of a 48.68 percent stake in Shahba Bank from Banque Saudi Fransi and Ahli Trust Bank, as listed by MarketScreener. Sadif's September 16 downgrade is the latest of the three signals.

What does the downgrade change

The rating change contrasts with Banque Saudi Fransi's operating figures. In the first half of 2026, net income reached SAR 2.90 billion, a 5.00 percent increase from the comparable period, according to Argaam. The second quarter contributed SAR 1.50 billion, up 6.00 percent year over year, while structured financial data show quarterly revenue of SAR 1.92 billion and net income of SAR 1.49 billion for the period ended June 30, 2026.

The bank operates across retail banking, corporate banking, treasury, and investment banking and brokerage. Its residential mortgage activity also remains strategically relevant: on October 5, 2026, Saudi Real Estate Refinance Co. signed an agreement to acquire a residential mortgage portfolio from Banque Saudi Fransi, the third deal between the two parties, according to Argaam. The agreement is intended to provide liquidity to financing entities and support the secondary mortgage market.

Results date and market context

Banque Saudi Fransi is scheduled to release third-quarter 2026 results on October 25, 2026, according to MarketScreener. On October 8, 2026, the stock was quoted at SAR 19.69 on Tadawul, down 0.56 percent from the prior close of SAR 19.80; its 52-week range was SAR 15.49 to SAR 22.50 and market capitalization was SAR 48.7 billion.

The next reporting date gives investors a defined point for testing whether the 5.00 percent first-half profit growth is continuing into the third quarter. The average analyst target of SAR 22.36 stands above the October 8 market price, but the Strong Sell rating shows that the target and rating signals are not aligned.

Market context: Latest market reports.