Abstract of Outcomes for 1Q26:
•Whole Working Earnings: remained steady at SAR3,612 million (1Q 2025: SAR 3,620).
•Web Loans and Advances: elevated by 10% year-on-year to SAR307 billion (1Q 2025: SAR279 billion).
•Buyer Deposits: elevated by 14% year-on-year to SAR331 billion (1Q 2025: SAR290 billion).
•Whole Fairness: elevated by 11% year-on-year to SAR81 billion (1Q 2025: SAR73 billion).
•Web Revenue after Zakat and Earnings: SAR2,086 million, a 2% lower year-on-year from SAR2,135 million in 1Q 2025, as a result of provisions taken.
Ms. Lubna S. Olayan, Chair of the Board of Administrators of the Saudi Awwal Financial institution (SAB), introduced on Thursday the Financial institution’s monetary outcomes for the interval ended on 31 March 2026.
SAB delivered a resilient efficiency within the first quarter of 2026, with whole working revenue remaining steady at SAR3,612 million, reflecting the energy of its diversified mannequin and continued momentum throughout its core companies.
Web revenue after Zakat and Earnings Tax was SAR2,086 million, down 2% year-on-year, reflecting a prudent and forward-looking strategy to threat administration. This strategy reinforces the energy and high quality of the Financial institution’s stability sheet and positions SAB to navigate with confidence the present unsure and evolving market situations, as a result of geopolitical surroundings.
Lubna Olayan, Chair of SAB, commented: “The Financial institution’s efficiency within the first quarter highlights the energy of our diversified enterprise mannequin, with continued development throughout each retail and company segments, supported by stable liquidity and a well-diversified funding profile.”
“Our liquidity place stays a key energy, with buyer deposits rising in keeping with our strategic priorities, supporting continued lending development and stability sheet growth.”
“We stay centered on preserving a fortress stability sheet, underpinned by sturdy capital, sound liquidity, and a disciplined strategy to threat administration. This ensures we stay well-placed to navigate evolving market situations whereas persevering with to help our prospects and the broader economic system.”
SAB continued to ship development throughout its core companies. In retail banking, the Financial institution achieved 2% quarter-on-quarter development and 10% year-on-year development, regardless of a moderating market surroundings. Company banking additionally recorded sturdy momentum, with a wholesome pipeline driving 3% development quarter-on-quarter.
Charge revenue declined through the interval, reflecting the impression of current regulatory modifications affecting shopper charges. This was partially offset by positive aspects from the Financial institution’s funding portfolio, reflecting energetic stability sheet administration and diversified income streams.
SAB’s dedication to sustainability was recognised via an improve in its MSCI ESG score to ‘AA’, reflecting continued progress in embedding ESG rules throughout its operations. The financial institution additionally contributed SAR 24 million to neighborhood improvement packages throughout the Kingdom, guided by its core values and dedication to delivering significant impression.
The Financial institution acquired a number of prestigious recognitions, together with being named Finest Financial institution for ESG in Saudi Arabia by Euromoney for the third consecutive 12 months, alongside Finest Financial institution in Saudi Arabia 2025, underscoring its management in sustainability and total efficiency.
SAB stays well-positioned to ship sustainable development, supported by a robust capital base, strong liquidity, and a transparent strategic roadmap aligned with Saudi Arabia’s Imaginative and prescient 2030. The Financial institution will proceed to deal with disciplined execution, customer-centric innovation, and prudent threat administration to navigate evolving market situations.
Ms. Olayan concluded: “On behalf of the Board, I wish to thank our prospects for his or her belief and our individuals for his or her continued dedication. We additionally admire the continued help of our regulators and our strategic accomplice, HSBC, in addition to the Saudi Central Financial institution and the Capital Market Authority, as we proceed to construct on our progress.”
About SAB:
Saudi Awwal Financial institution (SAB) is without doubt one of the largest banks within the Kingdom, with a historical past in Saudi Arabia spanning over 90 years. Over the previous 9 a long time, it has been an energetic accomplice in supporting the Kingdom’s financial development and social improvement.
SAB is a number one company and institutional worldwide financial institution within the Kingdom with a prime Wealth & Private Banking proposition. SAB can be a pacesetter in commerce finance, overseas change, debt wholesale banking, digital service innovation, and ESG, in Saudi Arabia and the broader area.
SAB provides built-in monetary and banking providers, together with company banking, funding, personal banking, and treasury. The financial institution’s paid-up capital is SAR 20.5 billion, following its authorized merger with Alawwal Financial institution in 2019, when it was previously often known as the Saudi British Financial institution (SABB). SAB operates below the supervision and regulation of the Saudi Central Financial institution, and is a accomplice of the HSBC Group.
