Saudi Awwal Bank announces housing support: what it means for Saudi Awwal Bank stock
Published on 10/13/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Saudi Awwal Bank announced a SAR 10 million housing initiative on October 6, 2026.
- The program is designed to provide 100 accessible homes over three years.
- Q2 2026 net income reached SAR 2.33 billion, while the Tadawul price was SAR 33.58 on October 13, 2026.
Saudi Awwal Bank (SA0007879089) had announced a SAR 10 million contribution for 100 accessible homes on October 6, 2026. The three-year initiative supports low-income people with mobility impairments, according to Arab News.
What the support means for SAB
The program will provide 100 homes adapted to individual needs over three years. The project also includes 100 social case assessments and at least 196 field visits, giving the announcement a measurable social-investment profile, Arab News reported on October 6, 2026.
Three dated developments and figures
On September 29, 2026, Saudi Awwal Bank launched a Swift retail payments system for international transfers, according to IndexBox. On October 1, 2026, Investing.com UK listed net income of SAR 2.33 billion for the most recent quarter. On October 6, 2026, the bank announced the SAR 10 million housing contribution for 100 homes, as Arab News reported.
Q2 profit reached SAR 2.33 billion
The latest reported quarter produced SAR 2.33 billion in net income, according to Investing.com UK. Saudi Awwal Bank's investor-relations page lists fiscal-year 2025 revenue of SAR 14.7 billion, earnings per share of SAR 3.81 and underlying return on tangible equity of 15.0 percent. The comparison matters because the Q2 profit figure is a quarterly result, while the investor-relations figures describe the full fiscal year.
Tadawul price stays below yearly high
On Tadawul, Saudi Awwal Bank was last at SAR 33.58 on October 13, 2026 at 10:20 a.m. CEST. The price stood 11.45 percent below the 52-week high of SAR 37.92 and above the 52-week low of SAR 30.20; market capitalization was SAR 69.0 billion on the same date. The next scheduled earnings date was October 22, 2026, according to SniperIQ.
Saudi Awwal Bank key facts
- Company: Saudi Awwal Bank SJSC
- ISIN: SA0007879089
- Ticker: 1060
- Primary exchange: Tadawul
- Tadawul price as of October 13, 2026, 10:20 a.m. CEST: SAR 33.58
- Market capitalization: SAR 69.0 billion as of October 13, 2026
- 52-week range: SAR 30.20-SAR 37.92 as of October 13, 2026
- Sector / Industry: Financial Services / Regional Banks
- Next earnings date: October 22, 2026
Market context: Latest market reports.
