Saudi Banks' 9-Month Profit Nears $20 Billion

Saudi Arabia's banking sector recorded strong results for the first nine months of 2026, as the combined net profit of ten listed banks reached SAR 73.58 billion, equivalent to about $19.62 billion.

The figure represents a 6.84% increase compared with SAR 68.87 billion in the same period of 2025, reflecting continued growth across the Kingdom's financial system.

Al Rajhi Bank led the sector with a net profit of SAR 20.87 billion, up 13.3% year over year. The Saudi National Bank followed with SAR 19.48 billion, a rise of 4.57%, while Riyad Bank posted approximately SAR 8.13 billion, up 4.6%.

In the third quarter of 2026 alone, the ten banks reported a combined net profit of SAR 24.75 billion, up 4.8% from the same quarter a year earlier.

Why it matters

A healthy banking sector underpins everyday financial life for residents and businesses, from home and car financing to small-business lending and digital payments. Sustained profitability supports lending capacity and confidence across the wider economy, in line with the Kingdom's long-term growth goals.

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