Saudi Arabia's benchmark index rose 0.6%, with Al Rajhi Bank gaining 2.6% and Saudi National Bank closing 0.8% higher, while Saudi Aramco dropped 1.9%. Gulf bourses ended higher after US President Donald Trump said military action against Iran isn't needed "at this point", although the naval blockade in the Strait of Hormuz stays in place. Traders are watching negotiations that could ease shipping disruption at key sea lanes.
WaZii translationAl Rajhi Bank sets start date for e-voting on general assembly agenda
Saudi Exchange ·
Al Rajhi Bank said electronic voting on the agenda of its Ordinary General Assembly (first meeting) begins at 01:00 on Monday 29/05/1448H, corresponding to 09/11/2026, and continues until the end of the meeting. The meeting is scheduled for 6:30 p.m. on Thursday 02/06/1448H, corresponding to 12/11/2026, and will be held remotely via modern technology. The agenda includes the election of board members for the next term.
WaZii translationAl Rajhi Q3 2026 profit above SAR 7.1 bln as shares fall
markets.com ·
The article says Al Rajhi Bank's third-quarter 2026 results showed profit above 7.1 billion riyals, with earnings per share of about 3.27 riyals over the first nine months. The shares traded at 58.10 riyals with a market capitalisation of about 348.6 billion riyals, down 9.15% over three months, 15.43% over six months and 19.31% over 12 months. It puts the indicative price-to-earnings multiple at around 13-13.5 times and the price-to-book multiple near 2.25 times, against shareholders' equity of 154.5 billion riyals.
WaZii translationAl Rajhi Bank Q3 2026 net profit SAR 7,106 mln, up 11.729%
Saudi Exchange ·
Al Rajhi Bank reported net profit attributable to shareholders of 7,106 million riyals for the current quarter, up 11.729% from 6,360 million riyals in the same quarter of the previous year, and up 1.34% from 7,012 million riyals in the prior quarter. Total operating income rose 12.477% to 11,115 million riyals, while net profit before zakat and tax reached 7,906 million riyals, up 11.414%. Net commission income from financing grew 20.254% to 7,659 million riyals.
WaZii translationAl Rajhi Bank 9M 2026 net profit rises 13% to SAR 20,870 mln
صحيفة سبق الالكترونية ·
Al Rajhi Bank posted net profit of 20,870 million riyals for the first nine months of 2026, up 13% from the same period of 2025. Total operating income rose 13% to about 32,528 million riyals, total assets reached 1,076 billion riyals (+2%), the financing portfolio grew 2% to 775 billion riyals and customer deposits exceeded 700 billion riyals. Return on assets was 2.7%, return on equity 23.3% and earnings per share 3.27 riyals, while the bank issued 600 million US dollars of Tier 2 social sukuk in the third quarter.
Cantor Fitzgerald initiated coverage of Al Rajhi Banking and Investment Corporation with a Neutral rating, according to MT Newswires. The article does not state a target price for the shares.
