Bank AlJazira, Saudi Investment Bank lead asset growth among Saudi-listed banks in 9M 2026

Bank AlJazira tops the list with 10.4% growth, followed by Saudi Investment Bank at 9.96%

Saudi National Bank records the largest absolute increase in assets at SAR 52.24 bn

Saudi Investment Bank overtakes Bank Albilad to move up one place in the ranking

Total assets of listed Saudi banks reach SAR 4.90 tn at end of September 2026, up SAR 258.58 bn in nine months

Bank AlJazira topped First Bank’s ranking of the fastest-growing listed Saudi banks in terms of assets during the first nine months of 2026, recording a growth rate of 10.4 per cent. Its total assets reached SAR 183.22 bn at end of September 2026, compared to SAR 165.92 bn at end of 2025, an increase of SAR 17.30 bn.

The Saudi Investment Bank secured second place, recording asset growth of 9.96 per cent during the first nine months of 2026. Its total assets increased to SAR 189.93 bn at end of September, compared to SAR 172.72 bn at end of 2025, representing an increase of SAR 17.21 bn.

alinma bank ranked third, with its total assets growing by 9.76 per cent to SAR 341.42 bn at end of September 2026, compared to SAR 311.07 bn at end of 2025. This represented an increase of SAR 30.35 bn.

Banque Saudi Fransi came in fourth place, recording asset growth of 9.59 per cent during the first nine months of 2026. Its total assets rose to SAR 338.64 bn at end of September, compared to SAR 309.01 bn at end of 2025, an increase of SAR 29.64 bn.

Arab National Bank ranked fifth, recording a growth rate of 7.51 per cent. Its total assets increased to SAR 302.52 bn at end of September 2026, compared to SAR 281.38 bn at end of 2025, representing an increase of SAR 21.14 bn.

Six banks outperform the aggregate growth rate as assets approach SAR 4.9 tn

The data showed that all ten banks listed on the Saudi Exchange recorded positive growth in total assets during the first nine months of 2026, although growth rates varied across the banks.

Accordingly, the total assets of listed Saudi banks increased to approximately SAR 4.90 tn at end of September 2026, compared to SAR 4.64 tn at end of 2025. This represented an increase of SAR 258.58 bn, with a growth rate of 5.57 per cent during the period under review.

The ranking revealed that six banks exceeded the aggregate asset growth rate: Bank AlJazira, The Saudi Investment Bank, alinma bank, Banque Saudi Fransi, Arab National Bank and Bank Albilad.

Saudi National Bank accounts for 20 per cent of the total increase in assets

A closer look at absolute increases in total assets reveals a different picture of competition among listed Saudi banks, as the ranking by growth rates did not necessarily reflect the ranking by the value of asset increases.

Despite Bank AlJazira leading the ranking in terms of growth rate, Saudi National Bank (SNB) recorded the largest absolute increase in assets during the first nine months of 2026, reaching SAR 52.24 bn. Its total assets rose to SAR 1.26 tn at end of September, compared to SAR 1.21 tn at end of 2025.

Saudi National Bank therefore accounted for approximately 20.2 per cent of the total increase in the assets of the ten banks during the period under review, despite ranking eighth in terms of asset growth.

Saudi Investment Bank overtakes Bank Albilad in asset ranking

In terms of changes in the banks’ ranking by total assets, the period witnessed a notable shift between The Saudi Investment Bank and Bank Albilad. The former overtook the latter during the first nine months of 2026, while the other eight banks maintained their positions.

At end of 2025, Bank Albilad ranked ahead of The Saudi Investment Bank, with total assets of SAR 172.97 bn, compared to SAR 172.72 bn, representing a difference of approximately SAR 251.80 mn in Bank Albilad’s favour.

However, the difference in the two banks’ growth rates during the first nine months of 2026 reshaped their competitive positions. The Saudi Investment Bank recorded growth of 9.96 per cent, compared to 7.47 per cent for Bank Albilad.

Consequently, The Saudi Investment Bank’s total assets increased to SAR 189.93 bn at end of September 2026, surpassing Bank Albilad, whose assets reached SAR 185.89 bn. This reversed the previous gap, creating a difference of approximately SAR 4.04 bn in favour of The Saudi Investment Bank.

As a result, The Saudi Investment Bank advanced from ninth to eighth place in the ranking of listed Saudi banks by total assets, while Bank Albilad moved down one position to ninth place.

This shift highlights the importance of differences in growth rates in reshaping competitive positions, particularly among banks with relatively close asset sizes.

It is worth noting that the ranking covered the ten banks listed on the Saudi Exchange and was based on their total asset growth rates during the first nine months of 2026.