SAB’s nine-month net profit surges 3% YoY to SR6.6bn

Arab News · Arab News · 2026-10-22 13:42 UTC

SAB’s nine-month net profit surges 3% YoY to SR6.6bn

Lubna S. Olayan, chair of the board of directors of Saudi Awwal Bank, has announced the bank’s financial results for the nine months ending Sept. 30.

SAB recorded a net profit after zakat and income tax of SR6.6 billion ($1.75 billion) for the period, representing an increase of 3 percent compared with the corresponding period in 2025. The total operating income increased by 1 percent year on year to SR11.2 billion, while the third-quarter revenue rose by 5 percent to SR3.8 billion compared with the previous quarter, reflecting improved sequential momentum.

Against a backdrop of evolving market dynamics and regional developments, SAB continued to deliver against its strategic priorities, maintaining balanced growth across its businesses. This performance was supported by disciplined capital deployment, prudent risk management and a continued focus on solid returns. The net loans and advances increased by 11 percent year on year to SR325 billion, broadly in line with the bank’s plans and guidance.

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