Al Rajhi Banking: nine-month profit up 13.3% on higher operating income
Al Rajhi Banking and Investment's net income after Zakat rose 13.3% in 9M 2026 as operating income grew, despite higher impairments and weaker retail financing.
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what happened
According to TradingView, Al Rajhi Banking and Investment's net income after Zakat for the first nine months of 2026 increased 13.3% year on year to 20,870 million, while operating income rose 13.4%.
Financing growth came mainly from corporate and SME portfolios. Credit quality stayed healthy, although impairment charges went up and retail financing declined.
why it matters
Profit growth alongside higher impairment charges suggests the bank is expanding earnings without a visible deterioration in asset quality. The shift from retail toward corporate and SME lending changes the mix of the loan book, which investors will watch when valuing the lender.
market impact
Al Rajhi Banking: profit growth supports the shares, while higher impairments limit the upside
tags
instruments
sources
- Al Rajhi Banking and Investment: 9M earnings rose 13.3% as operating income grew, despite higher impairments and weaker retail financing — TradingView, 21 October 2026 at 05:28 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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