The Saudi National Bank stock highlights SAR 244 million partnership

Published on 10/07/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Saudi National Bank stock posted SAR 6.606 billion in Q2 2026 net income, up from SAR 6.423 billion in Q1. Its SAR 39.14 Tadawul price sits 13.48 percent below the 52-week high.

SNB, SA13L050IE10, Illustration mit AI erstellt.

The Saudi National Bank (ISIN SA13L050IE10) was trading at SAR 39.14 on Tadawul on October 7, 2026, at 10:13 a.m. AST, up 0.31 percent from the prior close of SAR 39.02. The latest company event centers on housing support, while second-quarter earnings and analyst expectations provide the main valuation context.

Housing partnership reaches 2,269 units

According to the Ministry of Municipalities and Housing on October 5, 2026, Saudi National Bank marked ten years of cooperation with the developmental housing ecosystem. The partnership has delivered 2,269 housing units, supported contributions exceeding SAR 244 million and benefited more than 11,000 people.

The event gives SNB a concrete link to Saudi housing policy and retail financing demand. It is also distinct from a capital action or earnings release, so the stock reaction remains a market-data question rather than a direct guidance signal.

Q2 profit rises from Q1

Investing.com lists Saudi National Bank's Q2 2026 net income at SAR 6.606 billion. The figure compares with SAR 6.423 billion in Q1 2026, a quarter-to-quarter increase of 2.85 percent.

The finance statements also show Q2 diluted earnings per share of SAR 1.10, versus SAR 1.04 in Q1. That combination of higher net income and higher per-share earnings gives the housing announcement a stronger operating backdrop, although the figures are quarterly rather than full-year guidance.

Analysts see value above the market price

The consensus page at Investing.com, updated September 15, 2026, shows a Buy consensus from 15 analysts. The average 12-month target is SAR 48.81, with a high of SAR 52 and a low of SAR 45.20; the average target lies 24.7 percent above the October 7 price.

That gap is a valuation signal, not a guaranteed return. The stock's SAR 39.14 market price also sits 13.48 percent below its 52-week high of SAR 45.24 and above the SAR 36 low, placing the shares in the lower portion of their yearly range.

SNB stock trades at SAR 39.14

The Saudi National Bank stock was last at SAR 39.14 on Tadawul on October 7, 2026, at 10:13 a.m. AST. Market capitalization stood at SAR 232.3 billion, with 60,054 shares traded at that timestamp.