Lubna S. Olayan, Chair of the Board of Administrators of Saudi Awwal Financial institution (SAB), introduced as we speak the Financial institution’s monetary outcomes for the 9 months ended 30 September 2026.
SAB recorded a internet revenue after Zakat and Revenue Tax of SAR 6,582 million for the interval, representing a rise of three% in contrast with the corresponding interval in 2025. Whole working earnings elevated by 1% year-on-year to SAR 11,116 million, whereas third-quarter income rose by 5% to SAR 3,841 million in contrast with the earlier quarter, reflecting improved sequential momentum.
In opposition to a backdrop of evolving market dynamics and regional developments, SAB continued to ship in opposition to its strategic priorities, sustaining balanced progress throughout its companies.This efficiency was supported by disciplined capital deployment, prudent danger administration and a continued deal with stable returns.Web loans and advances elevated by 11% year-on-year to SAR 325 billion, broadly in step with the Financial institution’s plans and steering.
Lubna S. Olayan, Chair of the Board of Administrators, commented: “Our efficiency over the primary 9 months of 2026 displays the resilience of SAB’s diversified enterprise mannequin and the energy of our long-term technique.We have now continued to develop our enterprise, deepen buyer relationships and ship stable returns whereas navigating an evolving exterior surroundings.Our dedication to accountable progress and sound monetary administration stays central to creating lasting worth for our shareholders and supporting the Kingdom’s financial ambitions.”
The Financial institution’s margin efficiency improved throughout the third quarter, supported by disciplined asset repricing and steady funding prices.Quarterly working earnings and pre-provision revenue additionally elevated in contrast with the earlier quarter, demonstrating optimistic sequential momentum and the Financial institution’s continued deal with working efficiency. This led to SAB reporting a return on tangible fairness of 14.2% for the primary 9 months of the 12 months, virtually double the degrees of returns the financial institution generated firstly of its technique in 2021.
SAB’s commerce enterprise remained agency, underpinned by its sturdy company banking enterprise and longstanding place in commerce and cross-border banking.These capabilities proceed to strengthen the Financial institution’s position in facilitating enterprise exercise and supporting the Kingdom’s rising worldwide financial connectivity.
Asset high quality remained resilient, with credit score prices rising throughout the nine-month interval, as a mirrored image of heightened pressures.SAB continued to use its established prudent forward-looking strategy to provisioning, contemplating the evolving regional surroundings, supported by disciplined danger administration and a continued deal with stability sheet energy.
Olayan added: “Our priorities stay clear: to pursue progress responsibly, deploy capital selectively and preserve a robust and resilient stability sheet.The development in margins and quarterly working efficiency is encouraging and demonstrates the effectiveness of our strategic execution.We stay nicely positioned to reply to altering market situations and pursue alternatives that assist sustainable progress.
Through the third quarter, SAB continued to advance its buyer proposition by strategic partnerships and focused innovation.The Financial institution launched the Kingdom’s first Qatar Airways Privilege Membership co-branded bank card, launched a devoted e-commerce bank card in partnership with midday, and enhanced worldwide switch capabilities by its collaboration with Swift.Collectively, these initiatives replicate SAB’s dedication to delivering differentiated banking experiences, strengthening its aggressive place and responding to the evolving wants of its clients.
SAB additionally continued to assist its clients and staff amid the evolving working surroundings, sustaining service continuity, prioritizing the wellbeing of its individuals and guaranteeing dependable entry to banking companies.
Olayan concluded: “As we mark 100 years of banking heritage within the Kingdom, we stay firmly targeted on the long run and the position SAB will proceed to play supporting Saudi Arabia’s financial growth.On behalf of the Board, I prolong my honest appreciation to our clients for his or her continued belief and to our colleagues for his or her dedication and professionalism. We additionally thank the Saudi Central Financial institution, the Capital Market Authority and our strategic accomplice, HSBC, for his or her continued assist.”
