Saudi listed banks dominated the disclosure flow this week with broad-based Q3 2026 profit growth, led by Al Rajhi Bank. Six Saudi-listed lenders posted combined Q3 2026 net profit of SAR 19.83 billion ($5.29 billion), up 5.3% year-on-year, according to an Arab News compilation of Tadawul filings. Nine-month combined profit for the group rose 7.7% to SAR 58.79 billion, with aggregate loan portfolios reaching SAR 2.5 trillion. Al Rajhi Bank 1120 reported Q3 net profit of SAR 7.1 billion, up 11.7% YoY, with 9M profit climbing 13% to SAR 20.8 billion and earnings per share of SAR 3.27, per its Tadawul filing. Saudi National Bank 1180 posted Q3 profit of SAR 6.45 billion, down 0.29% YoY, while 9M profit rose 4.5% to SAR 19.47 billion. The Tadawul All Share Index closed the week's final session on 2026-10-22 at 9,695.86, down 230.76 points or 2.32% from the previous session, with an intraday range of 9,639.69 to 9,887.60.
Bank earnings: Riyad Bank, SAB, Albilad
Mid-tier lenders reported single-digit nine-month profit growth with mixed Q3 outcomes. Riyad Bank 1010 posted 9M 2026 net profit of SAR 8.13 billion, up 4.6% YoY from SAR 7.77 billion, with Q3 profit of SAR 2.87 billion versus SAR 2.68 billion a year earlier on higher special commission income, per its Tadawul filing. Saudi Awwal Bank 1060 reported 9M profit of SAR 6.58 billion, up 3% from SAR 6.41 billion, with Q3 at SAR 2.17 billion; loans grew 11% YoY to SAR 325 billion and return on tangible equity reached 14.2%, according to the bank's disclosure. Bank Albilad 1140 posted 9M profit of SAR 2.27 billion, up 1.6% from SAR 2.23 billion, while Q3 profit fell 3.4% YoY to SAR 740 million as debt provisions rose to SAR 82.4 million.
CMA proposes IPO rule amendments
The Capital Market Authority opened consultation on draft provisions tightening IPO book-building, underwriting and disclosure practices. Under the proposals, underwriting agreements would need to be effective before book-building begins, and proof of investor liquidity would be limited to cash or cash equivalents, per Boards and Capital. Prospectuses would be required to carry at least one year of forward-looking financial indicators. The 30-day consultation closes on 22 October 2026, with implementation targeted for 2 November 2026. Separately, the CMA issued a resolution approving the public offering by Saaf Capital of the Saaf Saudi Riyal Murabaha Fund, noting the approval reflects compliance with the Capital Market Law and its Implementing Regulations and should not be considered an investment recommendation, according to Maaal.
Petrochemicals: Saudi Kayan losses narrow
Saudi Kayan Petrochemical 2350 narrowed its Q3 2026 net loss to SAR 94.2 million from SAR 336.25 million in Q3 2025, per its Tadawul filing summarised by Argaam. Q3 revenue rose 1.6% YoY to SAR 2.19 billion. Gross income swung to SAR 195.4 million from a SAR 88.1 million loss in the comparable quarter a year earlier. The company's 9M 2026 net loss narrowed to SAR 1.4 billion. The filing attributed the improvement in gross income to lower raw-material costs and higher operating performance across certain product lines.
Corporate contracts and market-making
Arabian Internet and Communications Services (Solutions, 7202) signed a SAR 190 million managed messaging contract with STC Bank, per Argaam. The stock traded at SAR 89.30 on 2026-10-22 with market capitalization of SAR 21.3 billion, following a 100% bonus-share capital increase that lifted paid capital to SAR 2.40 billion. Nomu-listed ITMAM Consultancy signed a project contract with the Social Development Bank, per its Tadawul disclosure. Also on Nomu, Naf (National Agricultural Development) disclosed SAR 10 million in credit facilities secured from Al Rajhi Bank 1120. The Saudi Exchange approved Morgan Stanley Saudi Arabia as market maker for Fitaihi Group 4180 and Zahrat Al Waha for Trading (Oasis, 2081), expanding market-maker coverage on TASI-listed shares.
REIT dividend
Derayah REIT disclosed a cash dividend of SAR 0.10 per unit for Q3 2026 via Tadawul filing, per Argaam. The eligibility date is set for 25 October 2026 under the exchange's dividend calendar. The disclosure did not include a payment date in the summary filing.
Outlook
The Tadawul earnings calendar for the week ahead carries additional Q3 2026 bank and sector results, with Alinma Bank, Arab National Bank and Bank AlJazira among the lenders yet to complete the group of six referenced in the Arab News compilation. Nomu-listed Rawasi Albina Investment disclosed this week that it has re-registered mortgages on properties subject to a lawsuit ruled in its favor, per its Tadawul filing, with no further corporate action announced. Derayah REIT's unitholder eligibility date on 25 October 2026 falls within next week's window. The CMA's IPO rules consultation closes on 22 October 2026 with implementation targeted for 2 November 2026.
