Al Rajhi Bank stock: lender leads Saudi banks in nine-month profit
Published on 11/11/2026 at 04:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAl Rajhi leads Saudi bank earnings
- Al Rajhi Bank reported the highest nine-month profit among Saudi Arabia's listed banks.
- Asharq Al-Awsat said lending growth, consumer finance and mortgage demand supported sector earnings.
- Management commentary points to funding costs, asset quality and credit growth as key watchpoints.
Saudi Arabia's listed banks delivered stronger earnings through the first nine months of 2026, with Al Rajhi Bank leading the sector. Asharq Al-Awsat reported on October 27 that the ten listed Saudi banks generated combined net profit of 73.58 billion Saudi riyals in the first nine months, up 6.84 percent year over year.
Profit leadership sets the tone
Al Rajhi Bank recorded nine-month net profit of 20.87 billion Saudi riyals, an increase of 13.3 percent from the prior-year period, according to the report. Saudi National Bank ranked second at 19.48 billion Saudi riyals, while Riyad Bank followed with nearly 8.13 billion Saudi riyals.
Third-quarter profit at Al Rajhi reached 7.1 billion Saudi riyals, up 11.73 percent year over year. The report linked sector momentum to lending growth, strong credit demand and Saudi economic expansion, while analysts highlighted funding costs, liquidity, capital and nonperforming loans as risks to monitor.
Latest Tadawul quotation
Al Rajhi Bank stock traded at 63.85 Saudi riyals on Tadawul at 13:18 CET on Tuesday, November 10, 2026. The latest available quotation followed a session that closed before the publication date.
Business model and competition
Based in Riyadh, Saudi Arabia, Al Rajhi Bank focuses on Islamic banking and provides retail and broader banking services, including mortgage and consumer financing. The bank operates a large domestic network and serves Saudi customers through branches, ATMs and point-of-sale infrastructure, according to its investor relations page. Its listed Saudi competitors include Saudi National Bank and Riyad Bank; Al Rajhi held the highest nine-month profit among the group covered by Asharq Al-Awsat. The bank's scale and retail exposure make loan growth, deposit costs and asset quality central investment considerations.
Al Rajhi Bank at a glance
- Company: Al Rajhi Bank
- ISIN: SA0007879113
- Ticker: 1120.SR
- Exchange: Tadawul
- Latest quote: 63.85 Saudi riyals on Tuesday, November 10, 2026, at 13:18 CET
- Business: Islamic banking and financial services
- Headquarters: Riyadh, Saudi Arabia
Saudi banking shares remain linked to domestic credit demand and economic development activity; see Current market reports.
