Roemer maintained Buy on Saudi Awwal Bank stock after target cut

Published on 10/08/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income hit SAR 2.331 billion in the second quarter of 2026. Thirteen analysts set a SAR 41.03 average target for Saudi Awwal Bank stock.

Saudi Awwal Bank, SA0007879089, Illustration mit AI erstellt.

Saudi Awwal Bank stock (ISIN SA0007879089) reported net income of SAR 2.331 billion in the second quarter of 2026. MarketScreener reported that Roemer Capital maintained its Buy rating while lowering its price target on September 8, 2026.

Three dated steps for investors

The latest twelve-month sequence shows how operating results, lending activity and analyst views have shaped the stock story. On July 21, 2026, Saudi Awwal Bank reported second-quarter net income of SAR 2.331 billion, while earnings per share reached SAR 1.02 against a SAR 0.93 forecast, a 9.68 percent beat versus consensus, according to Investing.com.

On September 1, 2026, a Saudi Awwal Bank facility for Ayyan Investment was reported at SAR 150 million, according to MarketScreener. On September 8, 2026, Roemer Capital kept its Buy view and lowered its target, with the analyst overview covering 13 analysts.

What did the second quarter add?

The earnings comparison is the clearest measurable operating signal. Net income of SAR 2.331 billion exceeded the SAR 2.086 billion reported for the first quarter in the finance statement, an 11.75 percent quarter-on-quarter increase; the statement also records SAR 7.192 billion of second-quarter revenue and SAR 2.095 billion of bottom-line net income after deductions.

Saudi Awwal Bank's investor-relations page describes a commercial bank serving retail, corporate and institutional customers, with HSBC Group as a strategic partner. Its 2025 investor figures included SAR 14.7 billion of revenue, a 15.0 percent underlying return on tangible equity and 1.7 million retail customers, according to Saudi Awwal Bank.

When is the next report due?

The next scheduled earnings date is October 22, 2026, according to SniperIQ. The page also lists a consensus earnings-per-share estimate of SAR 0.958 for that report, giving investors a specific benchmark against the SAR 1.02 achieved in the second quarter.

Market value and trading range

On October 8, 2026, Saudi Awwal Bank had a market capitalization of SAR 70.0 billion and a 52-week range of SAR 30.20 to SAR 37.92. The bank trades on Tadawul under ticker 1060, and its listing and ISIN are identified by Global Banking and Finance.