The 10 Tadawul-listed banks reported combined Q2 2026 net profit of SAR 24.87B ($6.63B), up 12.5% year-on-year, an increase of SAR 2.77B, according to Asharq Al-Awsat. Al Rajhi Bank 1120 retained its position as the most profitable lender with Q2 net profit of SAR 7.01B, up 14% YoY, in line with BSF Capital forecasts, driven by higher net special commission income and net interest margin expansion. Riyad Bank 1010 reported Q2 net profit of SAR 2.65B, up 2% YoY, with operating income up 5% to SAR 4.73B and H1 net profit of SAR 5.26B; total assets rose 9% to SAR 534B, per Sahm Capital. Growth extended across SNB, SAB, BSF, ANB, Alinma, Albilad, SAIB and BJAZ on higher financing and investment income. TASI closed at 10,544.10 on July 29 with market capitalization of SAR 3.03 trillion and value traded of SAR 4.60B, according to Argaam. The benchmark had opened the window at 10,804 on July 23.
SABIC narrows Q2 loss, declares SAR 3.3B H1 dividend
Saudi Basic Industries Corp. 2010 narrowed its Q2 2026 net loss to SAR 830M ($221M) from SAR 4B a year earlier, citing higher average selling prices and lower finance costs, according to a Tadawul disclosure. Q2 revenue fell 18% YoY to SAR 24.81B. H1 2026 net loss improved to SAR 690M from SAR 5.28B a year earlier, per Zawya. The board approved an 11% cash dividend of SAR 1.1 per share for H1 2026, totaling SAR 3.3B, Argaam reported. SABIC maintained full-year capital expenditure guidance at $3.5B to $4B and confirmed that start-up of the SABIC Fujian Petrochemical Complex remains on track for Q4 2026. The company also confirmed commercial production at its one-million-ton MTBE plant in the Kingdom.
Telecom sector: STC, Mobily, Zain KSA post Q2 results
Saudi Telecom Co. 7010 declared a Q2 2026 cash dividend of SAR 2.7B, or SAR 0.55 per share, taking H1 payout to nearly SAR 5.5B on 4.9B eligible shares, according to AGBI. Q2 revenue rose 3% YoY and H1 topline exceeded SAR 40B. Etihad Etisalat (Mobily, 7020) reported Q2 net profit of SAR 901M, up 9% YoY, in line with the SAR 904M consensus, per Argaam. Revenue rose 5% to over SAR 5B, with consumer segment revenue up 5% on Hajj-season demand and wholesale up 10%; capex rose 50% on more than 1,750 4G and 5G expansions. Mobile Telecommunications Company Saudi Arabia (Zain KSA, 7030) posted Q2 net profit of SAR 204M, up 60.6% YoY, with revenue flat at SAR 2.65B and H1 net profit of SAR 402M, supported by Universal Service Fund income and gains from Tamam receivables.
PIF signs $24.5B financing MoUs; Brookfield closes $2B PIF-anchored fund
The Public Investment Fund signed a memorandum of understanding with the Export-Import Bank of the United States establishing a framework for up to $15B in long-term financing for eligible PIF portfolio companies to procure U.S.-origin goods and services, according to Saudi Gazette. PIF also signed up to $9.5B in MoUs with World Bank Group arms IFC and MIGA. Separately, Brookfield Middle East Partners (BMEP) announced the first close of a PIF-anchored private equity fund at approximately $2B, with 50% earmarked for Saudi investments across financial and business services, consumer services, industrials, technology and healthcare, AGBI reported. Brookfield committed $500M to the vehicle.
Tadawul Group Q2 profit rises 66% QoQ; dividends across issuers
Saudi Tadawul Group 1111 reported Q2 2026 net profit of SAR 92.1M, up 66% from SAR 55.6M in Q1, with operating revenue up 10% QoQ, according to AGBI. H1 2026 net profit was SAR 148M. Bourse market capitalization reached nearly SAR 9.5 trillion at end-June, with 474 listed companies across TASI and NOMU. Elm Company 7203 board approved a 50% cash dividend for H1 2026, per a Tadawul filing. First Mills Co. 2280 and SAL Saudi Logistics Services 4263 each approved 17.9% cash dividends (SAR 1.79 per share) for H1 and Q2 2026 respectively, Argaam reported. MC4 1301 approved an H1 2026 dividend of SAR 0.13 per share. Mulkia Gulf Real Estate REIT declared a 0.8% Q2 distribution and Alkhabeer REIT declared 1.05%.
TAQA prices $750M blue bonds; Tadawul resumes Chemanol trading
Industrialization & Energy Services Co. (TAQA, 2200) issued $750M in blue bonds to finance water management projects, according to a Tadawul disclosure. Makkah Construction & Development Co. 4100 renewed a SAR 880M financing facility with Bank AlJazira 1020. The Saudi Exchange announced the lifting of the trading suspension on Methanol Chemicals Co. 2001 shares starting July 30, 2026, after the company published financial statements for the period ending March 31, 2026; a similar lifting was announced for Amwaj International Co. Mohammed Hasan AlNaqool Sons Co. held its EGM on July 27, 2026 and approved a capital increase via bonus shares; fluctuation limits on July 28 were reset based on a share price of SAR 41.66, with additional shares to be deposited into investor portfolios by July 30.
Outlook
Additional Q2 2026 earnings from Tadawul-listed issuers are scheduled through early August, alongside dividend eligibility and payment dates for STC, SABIC, Elm, First Mills, SAL and MC4. Investors will monitor the resumption of trading in Methanol Chemicals 2001 and Amwaj International shares on July 30, and the post-bonus adjusted trading of Mohammed Hasan AlNaqool Sons Co. Further disclosures are expected from remaining banks that have yet to publish full Q2 statements, and from REIT issuers finalizing quarterly distribution schedules.
