Al Rajhi Bank stock posts 14 percent profit growth in H1 2026

Published on 10/07/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Al Rajhi Bank stock was trading at SAR 63.80 on October 7, 2026, while SICO projects SAR 6.948 billion in Q3 profit. H1 net income reached SAR 13.764 billion.

Al Rajhi Bank, SA0007879113, Illustration mit AI erstellt.

Al Rajhi Bank (ISIN SA0007879113) was trading at SAR 63.80 on Tadawul at 10:01 a.m. AST on October 7, 2026, up SAR 0.05 or 0.08 percent from the prior close. The bank's first-half net income rose 14 percent year over year to SAR 13.764 billion, keeping earnings at the center of the stock story.

First half earnings set the base

According to Al Rajhi Bank on September 13, 2026, total operating income reached SAR 21.413 billion in the first half. The same release placed the financing portfolio at SAR 762 billion, linking the profit increase to a sizeable lending base.

The comparison matters because the bank delivered double-digit net-income growth during a period when funding costs are becoming more important for Saudi lenders. For Al Rajhi Bank, the next test is whether profit growth can remain above the pace of balance-sheet expansion.

Q3 forecast points to continued growth

Argaam reported on October 5, 2026, that SICO Bank projects Al Rajhi Bank's Q3 2026 net profit at SAR 6.948 billion, up 9 percent from the year-earlier quarter. The forecast is below the first-half total on a quarterly basis, but it still points to positive year-over-year momentum.

The forecast also gives investors a concrete checkpoint ahead of the next results release. A 9 percent projected increase would leave the bank growing more slowly than its 14 percent first-half increase, making the next margin and funding-cost disclosures particularly relevant.

Consensus target stays above the quote

The analyst picture remains constructive. MarketScreener lists an Outperform consensus from 16 analysts and an average target of SAR 74.95. That target lies 17.48 percent above the SAR 63.80 price, although the page also records Roemer Capital trimming its target while keeping a Buy rating on September 8, 2026.

Stock trades near yearly low

At SAR 63.80 on October 7, 2026, the stock stood SAR 1.80 above its 52-week low of SAR 62.00 and SAR 9.60 below its 52-week high of SAR 73.40. The market capitalization was SAR 382.8 billion and volume stood at 30,822 shares at the same time.

Al Rajhi Bank's reference point is therefore the gap between current valuation and the earnings path. The first-half result supplies the stronger reported growth figure, while the Q3 forecast sets a lower 9 percent hurdle for the next quarterly comparison.