Alandalus secures SAR 71.30 million from SAB. Saudi Awwal Bank stock has SAR 67.80 billion value

Published on 10/16/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alandalus secured SAR 71.30 million from SAB on October 13, 2026. Saudi Awwal Bank stock had SAR 67.80 billion market value before October 22 results.

Banking events and earnings date

Alandalus secured SAR 71.30 million in financing from Saudi Awwal Bank on October 13, 2026.
Net income reached SAR 2.33 billion in the second quarter of 2026, versus SAR 2.09 billion in the first quarter.
Saudi Awwal Bank is scheduled to report its third-quarter results on October 22, 2026.

Saudi Awwal Bank, SA0007879089, Illustration mit AI erstellt.

Saudi Awwal Bank (ISIN SA0007879089) provided financing of SAR 71.30 million to Alandalus on October 13, 2026, according to Argaam. The one-year Sharia-compliant facility will support a land acquisition and was secured against a promissory note and property mortgage. For Saudi Awwal Bank stock, the transaction adds a concrete corporate-banking data point ahead of the bank's next scheduled results.

Three dated milestones

On June 30, 2026, Saudi Awwal Bank reported net income of SAR 2.33 billion for the second quarter, compared with SAR 2.09 billion in the first quarter, according to Investing.com. On October 5, 2026, the bank announced a SAR 10 million contribution to a housing initiative supporting 100 homes, as reported by Saudi Awwal Bank. The October 13 financing for Alandalus is the latest of the three dated developments.

What does financing mean?

The SAR 71.30 million facility illustrates the bank's role in commercial funding rather than a retail-only expansion. Its scale is smaller than the bank's SAR 67.80 billion market capitalization as of October 15, 2026, but the one-year tenor gives the announcement a defined financial period. The bank's latest reported second-quarter net income of SAR 2.33 billion provides the more important earnings benchmark for the stock.

Next reporting date

Saudi Awwal Bank is scheduled to report third-quarter results on October 22, 2026, according to SniperIQ. That date is the next event likely to add a fresh comparison with the SAR 2.33 billion second-quarter net income figure. The bank's 52-week Tadawul range was SAR 30.20 to SAR 37.92 as of October 15, 2026.

Stock context before results

The latest available Tadawul quote was SAR 33.02 on October 15, 2026 at 3:18 p.m. AST. Saudi Awwal Bank combines retail, corporate and institutional banking with treasury services, and its investor-relations materials identify 2025 revenue of SAR 14.70 billion and earnings per share of SAR 3.81. The October 22 reporting date therefore matters more than the Alandalus facility for judging the bank's operating trajectory.