Lubna S. Olayan, Chair of the Board of Administrators of the Saudi Awwal Financial institution (SAB), introduced the Financial institution’s monetary outcomes for the six months ended 30 June 2026.
SAB recorded a web revenue after Zakat and Revenue Tax of SR4,417 million for the interval ended 30 June 2026, representing a rise of 4% in comparison with the identical interval in 2025. Whole working revenue remained resilient at SR7,275 million down solely by 1% in comparison with the identical interval of 2025, and second quarter income of SR3,663 million elevated 1% on the trailing quarter.
In opposition to a backdrop of continued market uncertainty and a extra measured lending setting, SAB delivered resilient monetary efficiency underpinned by disciplined execution, sustained mortgage progress, resilient payment revenue and a robust steadiness sheet. The Financial institution continued to develop its buyer franchise whereas sustaining robust asset high quality and capital power.
Commenting on the outcomes, Lubna S. Olayan, Chair of the Board of Administrators, mentioned: “Our first-half efficiency displays the resilience and diversification of our of our enterprise mannequin and the disciplined execution of our long-term technique. Whereas working situations remained measured throughout the sector, we have now continued to develop our lending portfolio, deepen buyer relationships and help shoppers throughout strategic sectors driving Saudi Arabia’s financial transformation.”
She added: “We stay targeted on creating sustainable long-term worth for our shareholders whereas sustaining a resilient steadiness sheet, supporting our prospects and contributing to the Kingdom’s Imaginative and prescient 2030. “
In the course of the second quarter, SAB maintained resilient margins, delivered a rebound in payment revenue, continued to report robust mortgage progress, preserved the top quality of its credit score portfolio, and generated robust quarter-on-quarter revenue progress. Buyer deposits additionally grew, supporting additional steadiness sheet enlargement and reinforcing the Financial institution’s robust liquidity place. Whereas general market lending progress has moderated, SAB continues to see a wholesome pipeline of alternatives and stays assured within the long-term outlook for credit score demand.
Mortgage lending continued to carry out nicely in the course of the interval regardless of a extra reasonable market setting, reflecting SAB’s continued help for patrons’ dwelling possession ambitions and the Kingdom’s housing goals.
The Financial institution continued to help Saudi Arabia’s financial transformation by landmark financing throughout strategic sectors together with infrastructure, healthcare, housing and sustainability, reinforcing its function as a trusted monetary associate in delivering Imaginative and prescient 2030.
SAB additionally continued to strengthen its place as one of many Kingdom’s main innovation-led monetary establishments, receiving a number of worldwide recognitions in the course of the interval, together with two International Banking Awards and two International Finance Innovators Awards. The Financial institution additional superior its sustainability agenda by becoming a member of the Partnership for Carbon Accounting Financials (PCAF), supporting higher transparency and contributing to Saudi Arabia’s transition in direction of a extra sustainable financial system.
Olayan concluded: “On behalf of the Board, I prolong my honest appreciation to our prospects for his or her continued belief and to our individuals for his or her unwavering dedication. We additionally thank our regulators, our strategic associate HSBC, the Saudi Central Financial institution, and the Capital Market Authority as we construct on our progress and create long-term worth for all our stakeholders.”
