Al Rajhi Bank reports SAR 7.11 billion profit: target for Al Rajhi Bank stock is SAR 73.81

Published on 10/21/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit rose 11.7 percent to SAR 7.11 billion on October 21, 2026. Analysts set a SAR 73.81 target for Al Rajhi Bank stock.

Earnings and valuation signals

Al Rajhi Bank earned SAR 20.87 billion in the first nine months of 2026, up 13.3 percent year over year.
Operating income reached SAR 32.53 billion, while nine-month provisions increased 39.5 percent to SAR 2.36 billion.
Al Rajhi Bank had a SAR 363.3 billion market capitalization on October 21, 2026.

Al Rajhi Bank, SA0007879113, Illustration mit AI erstellt.

Al Rajhi Bank reported SAR 7.11 billion in third-quarter 2026 net profit on October 21, 2026, up 11.7 percent year over year, while MarketScreener listed a SAR 73.81 average target from 18 analysts. The result puts earnings growth beside a sharp rise in credit provisions.

Profit growth reaches SAR 20.87 billion

For the first nine months of 2026, net profit rose 13.3 percent to SAR 20.87 billion from SAR 18.42 billion in the same period of 2025. Argaam reported operating income of SAR 32.53 billion, up 13.0 percent, while total assets increased 2.0 percent to SAR 1.076 trillion.

The financing portfolio grew 2.0 percent to SAR 775 billion during the first nine months of 2026, and customer deposits exceeded SAR 700 billion. Earnings per share reached SAR 3.27, compared with SAR 2.90 a year earlier, according to Argaam.

Three events shaped the earnings setup

On September 14, 2026, Al Rajhi Bank announced cash dividends for the first half of 2026, payable on October 1, 2026, according to MarketScreener. On October 13, 2026, Arqaam Capital kept a Buy rating, while the analyst overview listed 18 analysts and a SAR 73.81 average target. On October 21, 2026, the bank delivered SAR 7.11 billion in third-quarter net profit.

What offsets the higher provisions?

The answer is operating income, but the cost of credit deserves attention. Third-quarter operating income rose 12.5 percent to SAR 11.12 billion, while net provisions climbed 49.5 percent year over year to SAR 852 million, according to TRENDS MENA. The combination supports higher earnings, yet it also makes credit quality a key measure for the next reporting period.

Tadawul valuation stays in view

Al Rajhi Bank was trading at SAR 60.55 on Tadawul on October 21, 2026 at 10:01 a.m. AST. Its market capitalization was SAR 363.3 billion, while the 52-week range stood at SAR 59.55 to SAR 73.40 on the same date. The stock therefore sits near the lower end of its annual range, while the SAR 73.81 consensus target provides a separate valuation reference.