Alrajhi Bank tops First Bank’s ranking of the 100 most profitable Arab banks in H1 2026
Saudi Arabia’s Alrajhi Bank strengthened its position in the Arab banking sector, topping First Bank’s ranking of the 100 most profitable Arab banks in H1 2026, supported by strong growth in net profit.
First Bank’s ranking revealed that Alrajhi Bank secured first place, recording net profit of approximately USD 3.67 bn during the first six months of 2026, compared to USD 3.22 bn in the same period of 2025, marking a growth rate of 14 per cent.
These results reflect the bank’s ability to strengthen its profitability, supported by positive developments in operating income, which helped reinforce its position in the Arab banking sector.
A closer look at the factors underpinning Alrajhi Bank’s strong performance in H1 2026 shows that growth in income from financing and investment was one of the key drivers of its profitability.
Net income from financing and investment rose by 15.8 per cent to USD 4.45 bn during the first six months of 2026, compared to USD 3.84 bn in the corresponding period of 2025.
Net income from banking service fees also recorded notable growth of 16.9 per cent, reaching USD 862.67 mn in H1 2026, compared to approximately USD 738.03 mn in the same period of 2025.
Positive performance extends through the first nine months of 2026
Alrajhi Bank’s positive results were not limited to the first half of the year but extended into the third quarter, as the bank continued to record profit growth over the first nine months of 2026.
The bank’s net profit increased by 13.2 per cent during the first nine months of 2026, reaching USD 5.56 bn, compared to approximately USD 4.91 bn in the corresponding period of 2025.
At the financial position level, the bank’s total assets reached approximately USD 286.47 bn at end-September 2026, compared to USD 278.15 bn at end-2025, marking growth of approximately 3 per cent during the first nine months of the year.
The bank’s financing portfolio also increased to approximately USD 206.36 bn at end-September 2026, compared to USD 200.69 bn at end-2025, representing growth of 2.8 per cent over the first nine months of 2026.
Customer deposits exceeded USD 186 bn at end-September 2026, compared to USD 177.91 bn at end-2025, recording growth of 4.8 per cent over the same period.
Alrajhi Bank’s 2026 results highlight continued growth in profitability and income, reinforcing its leading position in First Bank’s ranking of the 100 most profitable Arab banks in H1 2026, particularly as its positive performance extended through the end of September 2026.
