Saudi listed banks reported broad Q2 2026 profit gains this week, with Al Rajhi Bank 1120 leading the sector. Al Rajhi's Q2 net profit attributable to shareholders reached SAR 7.01 billion, up 14.0% year-on-year, topping the mean analyst estimate of SAR 6.6 billion, according to its Tadawul filing. Saudi National Bank 1180 reported Q2 net profit of SAR 6.61 billion, up 7.6% year-on-year, and H1 2026 net profit of SAR 13.03 billion, up 7.2%, per its disclosure. SNB total operating income rose 9.7% quarter-on-quarter to SAR 10,583 million. Riyad Bank posted Q2 net profit of SAR 2.65 billion, up 2% year-on-year, with operating income up 5% to SAR 4.73 billion; H1 net profit grew 4% to SAR 5.26 billion and total assets rose 9% to SAR 534 billion. Alinma Bank 1150 reported Q2 net profit of SAR 1.60 billion, up 1.4% year-on-year, with H1 profit up 6.2% to SAR 3.27 billion. Banque Saudi Fransi 1050 said it will hold a call with shareholders and analysts to discuss its Q2 results. TASI closed the week at 10,777.87.
SNB, Alinma, Bank Albilad approve interim dividends
Three Saudi banks disclosed H1 2026 cash distributions alongside their Q2 earnings. SNB's board approved a SAR 6.9 billion cash dividend for H1 2026 at SAR 1.15 per share, per its Tadawul filing. Alinma Bank approved a Q2 cash dividend of SAR 746.3 million at SAR 0.25 per share. Bank Albilad's board approved a 5% cash dividend distribution for H1 2026 shareholders, according to its Saudi Exchange disclosure. Outside the banking sector, Jamjoom Pharma announced a 22% cash dividend distribution for H1 2026, per its Tadawul filing. The disclosures land alongside a broader wave of Q2 reporting on the exchange, with additional bank distributions expected as the H1 reporting cycle continues.
Alujain signs SAR 89M partnership with Belgium's BFI
Alujain Corp 2170 signed a SAR 89 million partnership agreement with Beaulieu Fibres International N.V. of Belgium, according to its Tadawul disclosure. Under the terms, BFI will invest SAR 89 million as additional capital in Alujain subsidiary IRIC in exchange for a 50% stake. The company said the transaction will expand polypropylene fibre capacity at the Yanbu facility from 26,000 tonnes per year to 88,000 tonnes per year. The disclosure did not include a completion timeline for the capacity expansion. Alujain stated that the partnership constitutes a strategic step for its downstream petrochemicals subsidiary.
SRMG jumps 9% on stc contract; Elm wins SASO deal
Saudi Research and Media Group 4210 rose 9% after disclosing that a subsidiary signed a sponsorship and advertising services contract with stc. SRMG stated in its Tadawul filing that the contract value exceeds 5% of the group's revenue. Elm Company 7203 disclosed the award of a contract from the Saudi Standards, Metrology and Quality Organization (SASO), per its exchange filing. Saudi Cable Company disclosed that it secured a SAR 20 million Islamic financing facility from Saudi Investment Bank. Nomu-listed Purity Tech signed a three-year services agreement with TASAMA, according to its Saudi Exchange disclosure. On the governance side, Gulf General Cooperative Insurance called an EGM for August 5 to vote on related-party transactions with Dabbagh Group.
flynas, Riyadh Air expand Airbus fleet orders at Farnborough
Saudi carriers firmed up additional Airbus aircraft orders at the Farnborough Airshow. flynas ordered 25 additional Airbus aircraft, comprising 20 A321neos and five A330neos, taking confirmed Airbus orders to 235, according to the carrier. The flynas agreement was signed by CEO Bandar Al-Mohanna and Airbus EVP Benoit de Saint-Exupery. Riyadh Air firmed up an order for six additional Airbus A350-1000 aircraft, raising total firm commitments for the type to 31 out of an original 2025 commitment for up to 50, per an Airbus statement. Neither carrier disclosed contract values with the announcements.
TASI closes at 10,777.87; YTD +2.68%
The Saudi benchmark closed the session at 10,777.87 points, with an intraday high of 10,777.87 and a low of 10,732.73, according to Argaam data. Traded value reached SAR 1.52 billion across 111,920 transactions. Year-to-date performance stood at +2.68%. The session's turnover reflected active flows in banking names on the back of Q2 disclosures, with SRMG among the notable movers on its stc contract announcement.
Outlook
Banque Saudi Fransi 1050 is scheduled to hold its Q2 2026 shareholder and analyst call in the coming days, per its Tadawul notice. Further H1 2026 earnings and dividend disclosures across the banking, insurance and petrochemicals sectors are expected on Tadawul next week as the reporting window continues. Gulf General Cooperative Insurance's EGM on the Dabbagh Group related-party transactions is set for August 5, 2026. Saudi Darb disclosed the filing of six enforcement applications against former board members, per its Tadawul filing, with proceedings to follow.
