Saudi banks’ Q3 profits rise 5.3% as 6 lenders earn $5.3bn
- Four out of six banks—Al Rajhi, Bank AlJazira, Riyad Bank, and Arab National Bank—saw year-on-year profit growth, while Saudi National Bank and Alinma Bank experienced slight declines.
- Al Rajhi Bank achieved the highest quarterly profit at SR7.11 billion, marking an 11.7% increase, driven by stronger net financing and investment income.
- Total loan portfolios of the six banks reached around SR2.5 trillion, reflecting a year-on-year growth of 5.4%.
