Saudi Awwal Bank stock in focus after nine-month profit growth
Published on 10/31/2026 at 00:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings show balanced bank growth
- Saudi Awwal Bank's nine-month net profit rose 3% year-on-year to SAR 6,582 million.
- Net loans and advances increased 11% to SAR 325 billion, while customer deposits reached SAR 325 billion.
- Improved margins supported stronger quarterly momentum, although credit costs increased during the period.
Saudi Awwal Bank reported stronger earnings for the nine months ended September 30, 2026, with net profit after zakat and income tax rising year-on-year. The bank published the results on October 21, citing balanced growth, improved quarterly momentum and continued progress against its strategic priorities.
According to the Saudi Awwal Bank earnings release, net profit reached SAR 6,582 million, compared with SAR 6,405 million in the corresponding period of 2025. Total operating income increased 1% to SAR 11,116 million.
Lending growth supports momentum
Net loans and advances rose 11% year-on-year to SAR 325 billion, while customer deposits reached SAR 325 billion, up from SAR 315 billion at the end of the third quarter of 2025. Total equity increased 3% to SAR 80 billion.
The bank said third-quarter revenue rose 5% from the previous quarter to SAR 3,841 million. Improved margins were supported by asset repricing and stable funding costs, while quarterly operating income and pre-provision profit also increased from the preceding quarter.
Asset quality remained resilient, although credit costs increased during the nine-month period. Saudi Awwal Bank said it continued to apply a forward-looking provisioning approach and maintain a focus on balance-sheet strength as regional conditions evolved.
Saudi banking model and positioning
Saudi Awwal Bank is a Saudi banking group serving corporate, institutional and retail customers through lending, deposits, trade finance, cross-border banking and digital services. Headquartered in Riyadh, it describes its partnership with HSBC as a source of international connectivity and global banking expertise. The bank positions itself as a leading international bank in Saudi Arabia, with a particular focus on corporate banking, trade and support for the Kingdom's economic transformation.
Saudi Awwal Bank at a glance
- Reporting period: Nine months ended September 30, 2026
- Net profit: SAR 6,582 million
- Total operating income: SAR 11,116 million
- Net loans and advances: SAR 325 billion
- Return on tangible equity: 14.2% for the first nine months of 2026
Current market reports provide broader context for regional equity-market developments.
Saudi Awwal Bank's next focus for investors will be the continued delivery of responsible lending growth, margin management and balance-sheet resilience as market conditions change.
