Saudi Awwal Bank stock highlights SAR 10 million housing initiative

Published on 10/07/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi Awwal Bank stock was trading at SAR 33.64 on October 7, 2026, while its Q2 net income reached SAR 2.331 billion. The bank also announced a SAR 10 million housing initiative.

Saudi Awwal Bank, SA0007879089, Illustration mit AI erstellt.

Saudi Awwal Bank (ISIN SA0007879089) announced a SAR 10 million housing initiative on October 5, 2026, while its stock was trading at SAR 33.64 on Tadawul on October 7, 2026. The initiative will support 100 accessible homes over three years, according to Saudi Awwal Bank.

SAR 10 million community investment

The contribution will fund housing adaptations for low-income people with mobility impairments through a partnership with the Adult Disability Association and the Developmental Housing Foundation. The October 5 announcement says the program includes 100 social case assessments and at least 196 field visits.

The initiative forms part of Saudi Awwal Bank's centenary campaign and adds a non-financial company event to the latest earnings picture. For investors, the contrast matters: the announcement highlights capital allocation for community projects, while the bank's reported figures show the scale of its operating franchise.

Q2 earnings expanded from Q1

Saudi Awwal Bank reported Q2 2026 revenue of SAR 7.192 billion and net income of SAR 2.331 billion. Compared with Q1 revenue of SAR 3.672 billion and net income of SAR 2.086 billion, revenue increased 95.8 percent and net income increased 11.7 percent.

The latest-quarter data also show adjusted neither guidance nor a forecast; the available earnings page lists Q2 earnings per share at SAR 1.02 against a forecast of SAR 0.93. Investing.com identifies July 21, 2026, as the latest release date and reports net income of SAR 2,331.08 million for the latest quarter.

Consensus target remains above the stock

The analyst consensus published by MarketScreener is Buy from 13 analysts, with an average target of SAR 40.94 and a spread of SAR 38 to SAR 49. The average target is 21.7 percent above the October 7 price of SAR 33.64.

Roemer Capital maintained a Buy rating while lowering its target, according to the September 8, 2026, report carried by MarketScreener. The consensus therefore offers a quantified valuation reference, while the latest company announcement centers on social investment rather than a change to financial guidance.

Saudi Awwal Bank stock trades at SAR 33.64

Saudi Awwal Bank stock was last at SAR 33.64 on Tadawul at 10:37 a.m. AST on October 7, 2026, up SAR 0.02, or 0.06 percent, from the prior close. The session range was SAR 33.58 to SAR 33.66, and the 52-week range was SAR 30.20 to SAR 37.92.