Riyad Capital upgrades Banque Saudi Fransi stock to Buy after third-quarter profit

Published on 10/22/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month net income reached SAR 4.38 billion, up 6.91 percent year over year. Banque Saudi Fransi stock has a SAR 22.57 target from 14 analysts.

Profit growth and analyst support

Third-quarter net income rose 11.50 percent to SAR 1.51 billion on October 19, 2026.
MarketScreener listed a SAR 22.57 average target from 14 analysts on October 21, 2026.
Banque Saudi Fransi had a SAR 45.8 billion market capitalization as of October 22, 2026.

Banque Saudi Fransi, SA0007879782, Illustration mit AI erstellt.

Banque Saudi Fransi (ISIN SA0007879782) reported third-quarter net income of SAR 1.51 billion on October 19, 2026, up 11.50 percent from a year earlier, according to Argaam. On October 21, 2026, Riyad Capital upgraded its recommendation on the bank to Buy after the results, as reported by MarketScreener.

Profit growth is broad but uneven

The nine-month picture was stronger than the quarter alone. Net income reached SAR 4.38 billion in the first nine months of 2026, compared with SAR 4.09 billion in the same period of 2025, a 6.91 percent increase, while operating income rose 6.40 percent to SAR 8.42 billion, according to Argaam. The quarter showed stronger operating momentum, with operating income up 10.10 percent to SAR 2.86 billion, although provisions increased 14.30 percent year over year.

What does the target signal?

MarketScreener listed an average target of SAR 22.57 from 14 analysts on October 21, 2026, while its analyst feed showed Riyad Capital's Buy upgrade. The target is a market reference rather than a forecast from this article, and the key counterpoint is cost pressure: higher provisions and operating expenses reduced the pace at which operating growth reached net income.

Three dated earnings markers

On October 19, 2026, third-quarter net income reached SAR 1.51 billion, according to Argaam. On October 20, 2026, Cantor maintained a Buy recommendation while the average target stood at SAR 22.57, according to MarketScreener. On October 21, 2026, Riyad Capital upgraded the recommendation to Buy after the SAR 1.51 billion quarterly profit, according to MarketScreener.

Next reporting date is October 25

The next scheduled date is October 25, 2026, when Banque Saudi Fransi is due to publish its third-quarter results, according to MarketScreener.

Tadawul valuation remains the market check

Banque Saudi Fransi was trading at SAR 18.50 on Tadawul on October 22, 2026 at 10:09 a.m. AST. The bank's market capitalization was SAR 45.8 billion, with a 52-week range of SAR 15.49 to SAR 22.50 as of October 22, 2026.