Banque Saudi Fransi stock signs a third mortgage portfolio deal

Published on 10/07/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banque Saudi Fransi stock signed a third mortgage portfolio deal with SRC on October 6, 2026. Second quarter profit rose 6 percent to SAR 1.5 billion.

Banque Saudi Fransi, SA0007879782, Illustration mit AI erstellt.

Banque Saudi Fransi (ISIN SA0007879782) was trading at SAR 19.95 on Tadawul on October 7, 2026 at 10:28 a.m. AST, down SAR 0.25 or 1.24 percent from the prior close. The fresh corporate development is a third residential mortgage portfolio agreement with Saudi Real Estate Refinance Co., signed on October 6, 2026.

Mortgage partnership expands

According to Arab News on October 7, 2026, the Saudi Real Estate Refinance Co. acquired a residential mortgage portfolio from Banque Saudi Fransi. The transaction is the third portfolio purchase between the two institutions and is intended to provide liquidity to financing entities while supporting the development of Saudi Arabia's secondary mortgage market.

The agreement gives the bank a concrete connection to Saudi housing-finance infrastructure rather than a purely retail lending story. Arab News reported that Banque Saudi Fransi Chief Executive Badr bin Hamad Al-Salloom described the partnership as part of the bank's effort to expand financing solutions and support Saudi Vision 2030.

Profit growth supports the story

Banque Saudi Fransi's second quarter 2026 net profit reached SAR 1.5 billion, an increase of 6 percent from the year-earlier quarter, while first-half 2026 profit totaled SAR 2.9 billion, up 5 percent. Those figures were listed by Argaam in its financial-results overview for the six months ended June 30, 2026.

The quarterly comparison matters because it shows earnings growth alongside the mortgage-platform transaction. The finance statements for Q2 2026 also show net income of SAR 1.487 billion and diluted earnings per share of SAR 0.60, giving the reported profit increase a more detailed quarterly reference.

Consensus leaves measured upside

MarketScreener lists an Outperform mean consensus from 13 analysts and an average target price of SAR 22.36 for Banque Saudi Fransi. Its company calendar also lists October 25, 2026 as the Q3 2026 earnings-release date, making that report the next quantified checkpoint for the stock.

The market picture is more restrained than the target-price view. Banque Saudi Fransi's current market capitalization is SAR 49.4 billion, while its 52-week range is SAR 15.49 to SAR 22.50, placing the October 7 price inside a broad annual trading band and below the average analyst target.

Stock trades below yearly high

Banque Saudi Fransi stock was last at SAR 19.95 on Tadawul on October 7, 2026 at 10:28 a.m. AST, with 54,594 shares traded. The next earnings date is October 25, 2026.