Saudi Awwal Bank stock in focus after 3% profit growth
Published on 11/09/2026 at 03:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSaudi Awwal Bank earnings update
- Net profit rose 3% year on year in the first nine months of 2026.
- Loan growth and stronger third-quarter momentum supported the result.
- Credit costs increased, keeping asset quality and provisioning important for investors.
Saudi Awwal Bank reported net profit after zakat and income tax of SAR 6,582 million for the nine months ended September 30, 2026, up 3% from the same period a year earlier. The bank published the results on October 21, with total operating income rising 1% to SAR 11,116 million.
The third quarter provided additional momentum. Revenue increased 5% from the previous quarter to SAR 3,841 million, while the bank said margin performance improved through asset repricing and stable funding costs. Return on tangible equity reached 14.2% for the first nine months.
Loans expand as risks rise
Net loans and advances grew 11% year on year to SAR 325 billion, while customer deposits reached SAR 325 billion, up 3% from the end of the third quarter of 2025. Total equity increased 3% to SAR 80 billion.
The earnings profile also carries a risk signal for investors. Saudi Awwal Bank said credit costs increased during the nine-month period as pressures heightened, although it described asset quality as resilient and maintained a forward-looking provisioning approach.
Saudi Awwal Bank also highlighted new customer products, including a Qatar Airways Privilege Club co-branded card and an e-commerce card launched with noon. The initiatives support fee-generating services and digital customer engagement, but future performance will still depend on loan quality, funding costs and margins.
Saudi banking competition
Saudi Awwal Bank provides retail, corporate and institutional banking in Saudi Arabia, with a particular focus on international connectivity, trade and cross-border services. Its investor-relations page describes the bank as an international banking partner in the Kingdom and identifies HSBC as its strategic partner. In the Saudi listed banking market, Al Rajhi Bank, Saudi National Bank and Riyad Bank reported higher nine-month net profit than SAB, according to Asharq Al-Awsat. SAB therefore combines a large domestic lending base with a more specialized international and trade-banking position.
Saudi Awwal Bank at a glance
- Company: Saudi Awwal Bank
- ISIN: SA0007879089
- Reporting period: Nine months ended September 30, 2026
- Net profit: SAR 6,582 million, up 3% year on year
- Net loans and advances: SAR 325 billion, up 11% year on year
- Return on tangible equity: 14.2% for the first nine months of 2026
Saudi banking shares are part of the broader regional market environment; see Current market reports.
More results, strategic updates and sector analysis are available in More news and analyses on Saudi Awwal Bank stock.
