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Saudi banks post Q3 2026 profits of SAR 24.75B; TASI ends week at 9,921.50
October 29, 2026

Saudi banks post Q3 2026 profits of SAR 24.75B; TASI ends week at 9,921.50

Listed lenders report 4.8% YoY profit growth in Q3; SABIC returns to quarterly profit; TASI closes 2026-10-29 session down 1.02% at 9,921.50.

TASI close
9,921.50▼
2026-10-29 session, -1.02%
Banks Q3 net profit
SAR 24.75B▲
+4.8% YoY
Al Rajhi Q3 profit
SAR 7.11B▲
+11.7% YoY
SABIC Q3 profit
SAR 499M▲
9M loss narrows to SAR 320M

Saudi listed banks reported combined Q3 2026 net profits of about SAR 24.75 billion, up 4.8% from SAR 23.62 billion a year earlier, according to Argaam's tally of disclosures released during the week. Six of the lenders posted year-on-year growth, with Bank AlJazira 1020 leading at 17.9%, followed by Al Rajhi Bank (ALRAJHI, 1120) at 11.7% and Banque Saudi Fransi (BSF, 1050) at 11.5%. Al Rajhi's Q3 net profit reached SAR 7.11 billion, extending its lead over Saudi National Bank (SNB, 1180), whose Q3 profit edged down 0.3% year-on-year to SAR 6.45 billion. ANB Capital said both results came broadly in line with its estimates and reiterated its ratings on the two lenders. Petrochemicals disclosures ran alongside the banks, with SABIC 2010 returning to a quarterly profit and Saudi Kayan 2350 narrowing losses. The Tadawul All Share Index closed the digest week at 9,921.50 on 2026-10-29, down 1.02% on the session after rallying mid-week. Dr. Sulaiman Al Habib 4013 and SIIG 2250 also published nine-month results, while NMDC Energy disclosed three new Aramco 2222 contract awards.

TASI ends 2026-10-29 session down 1.02% at 9,921.50

The Tadawul All Share Index closed at 9,921.50 on 2026-10-29, down 101.97 points or 1.02% from the prior close of 10,023.47, according to data from the Saudi Exchange. The index traded in a session range of 9,902.10 to 10,052.74, giving back part of the gains recorded earlier in the week.

Mid-week trading had been firmer. On 2026-10-27, TASI closed at 9,986.45, up 2.30% on the day with turnover of about SAR 441.25 million, per Investing.com. The move came after lows around 9,438.50 on 2026-10-25, with daily sessions during the week ranging between -2.65% and +3.43%. The final session's pullback left the benchmark below the 10,000 mark heading into the next week's earnings calendar.

SABIC returns to Q3 profit of SAR 499M; 9M loss narrows

SABIC 2010 posted a Q3 2026 net profit of SAR 499 million, compared with SAR 430 million a year earlier, the company said in a Tadawul filing. The nine-month net loss narrowed sharply to SAR 320 million from SAR 4.84 billion in the comparable period, while revenue for the nine months fell 10.7% year-on-year to SAR 79.13 billion.

SABIC Agri-Nutrients 2020 reported a 37% year-on-year drop in 9M 2026 net profit to SAR 2.08 billion, with Q3 profit down 62% to SAR 484 million on lower contributions from an associate and a joint venture, along with higher distribution costs. Saudi Kayan Petrochemical 2350 narrowed its Q3 net loss to SAR 94.2 million from SAR 336.25 million, with the nine-month loss easing to SAR 1.38 billion from SAR 1.61 billion on higher sales volumes.

Mid-tier banks post mixed 9M 2026 results

Riyad Bank (RIBL, 1010) reported 9M 2026 net profit of SAR 8.13 billion, up 4.6% from SAR 7.77 billion, with Q3 profit up 6.6% year-on-year to SAR 2.87 billion on higher net special commission income, the lender said in a Tadawul filing. Saudi Awwal Bank (SAB, 1060) reported 9M profit of SAR 6.58 billion, up 3%, while Q3 profit rose 1% to SAR 2.17 billion as debt provisions climbed to SAR 362 million.

Bank Albilad 1140 posted 9M profit of SAR 2.27 billion, up 1.6%, with Q3 profit down 3.4% year-on-year to SAR 740.2 million as debt provisions rose to SAR 82.4 million from SAR 33 million. Alinma Bank 1150 reported Q3 attributable net profit of SAR 1.36 billion, down 4% year-on-year, with NIM at 3.08% and loans up 4% quarter-on-quarter, per Investing.com.

Sulaiman Al Habib 9M profit rises 6% to SAR 1.85B

Dr. Sulaiman Al Habib Medical Group 4013 reported 9M 2026 net profit of SAR 1.85 billion, up 5.6% year-on-year, the company said in a Tadawul filing. Revenue rose 15.4% to SAR 11.54 billion, and EBITDA climbed 16% to SAR 2.97 billion, with the group citing contributions from newly added capacity. Q3 2026 net profit reached SAR 681.6 million.

Saudi Industrial Investment Group (SIIG, 2250) posted 9M 2026 net profit of SAR 282 million, up more than six-fold from SAR 46 million, according to the company's disclosure. Q3 net profit reached SAR 90 million compared with SAR 8 million in Q3 2025.

NMDC Energy wins three Aramco contracts; Nomu disclosures

NMDC Energy was awarded three new project contracts from Saudi Aramco 2222, per a disclosure summarized by Argaam on 2026-10-23. AlJazira Capital said Aramco is expected to post a higher Q3 2026 net profit, maintaining its rating ahead of the oil major's scheduled disclosure on Nov. 3; Aramco's H1 2026 profit had risen 33% to SAR 241.64 billion.

On the parallel market, Nomu-listed Future Vision shareholders approved a SAR 3 million sukuk issue at an EGM on 2026-10-29, per the company's Tadawul filing. Nomu-listed TAQAT also disclosed on the same date a supply contract with Alfanar to purchase ferrous scrap and metal drums, according to the Tadawul disclosures feed.

Outlook

Saudi Aramco 2222 is scheduled to disclose Q3 2026 results on Nov. 3, per AlJazira Capital. Additional listed-company earnings in telecom, insurance and real-estate sectors are expected through the first week of November as the Q3 reporting season continues. Investors will also track Nomu EGM resolutions and any CMA announcements on prospectus approvals during the week ahead.

Tadawul, Saudi National Bank: Saudi Market Digest — October 29, 2026 | Elevare Partners