First Saudi Bank achieves a net income of 4.4 billion Saudi riyals during the first half of 2026, reflecting the strength of its financial performance.

Net income after zakat and income tax: increased by 4% to reach 4,417 million Saudi riyals, compared to 4,262 million Saudi riyals during the first half of 2025.
Total operating income: stabilized at 7,275 million Saudi riyals, decreasing slightly by 1% compared to 7,341 million Saudi riyals during the first half of 2025.
Net loans Advances: increased by 13% to reach 320 billion Saudi riyals, compared to 283 billion Saudi riyals during the first half of 2025.
Customer deposits: increased by 15% to reach 342 billion Saudi riyals, compared to 297 billion Saudi riyals during the first half of 2025.
Total equity: increased by 7% to reach 81 billion Saudi riyals, Compared to 76 billion Saudi riyals during the first half of 2025.
Riyadh, Kingdom of Saudi Arabia – July 21, 2026: Mrs. Lubna Olayan, Chairman of the Board of Directors of First Saudi Bank, today announced the bank’s financial results for the six-month period ending on June 30, 2026.
The bank achieved net income after zakat and income tax of 4,417 million Saudi riyals for the period ending on June 30. 2026, an increase of 4% compared to the same period in 2025. Total operating income also stabilized at 7,275 million Saudi riyals, decreasing by only 1% compared to the same period of the previous year, while operating income increased during the second quarter to 3,663 million Saudi riyals, a rate of 1% compared to the previous quarter.
Despite the continued market challenges and a more conservative financing approach, the company continued "the first" Achieving strong financial performance, supported by discipline in implementing its strategy, continued growth of the loan portfolio, solid fee and commission income, and the strength of its financial position. The bank also continued to expand its client base while maintaining excellent levels of asset quality and capital base.
Commenting on the results, Mrs. Lubna Olayan, Chairperson of the Board of Directors of Alawwal, stated: "Our performance during the first half of the year reflects the strength and diversity of the bank’s business model, and the discipline in implementing our long-term strategy. Although operating conditions maintained their moderate and cautious pace across the sector as a whole, we continued to grow our lending portfolio, strengthen our relationships with clients and support them in the strategic sectors that are leading the process of economic transformation in the Kingdom."
She added: "We continue to focus on achieving long-term sustainable value for our shareholders, while maintaining a strong balance sheet, continuing to support our customers, and contributing to achieving the goals of the Kingdom’s Vision 2030."
During the second quarter, he continued "the first" Achieving strong operating performance, supported by stable profit margins, recording better performance in fee income, continuing high growth in the loan portfolio, while maintaining the high quality of the credit portfolio, and achieving excellent profit growth on a quarterly basis. Customer deposits also continued to rise, which supported the expansion of the financial position and strengthened the strength of its liquidity position. Despite the slowdown in lending growth in the market in general, it continues "the first" Benefiting from promising financing opportunities, and confirming its confidence in the continued strength of demand for credit in the long term.
The bank’s real estate financing also recorded a strong performance, despite the moderate pace of growth in the market, which reflects its continued support of customers’ aspirations towards home ownership, and contributing to achieving the goals of the housing sector in the Kingdom.
The bank strengthened its support for the process of economic transformation in the Kingdom by providing financing for specific projects in strategic sectors that included infrastructure, health care, housing, and sustainability, thus enhancing its role as a financial partner. Reliable in supporting the goals of the Kingdom’s Vision 2030.
At the level of innovation, it has been firmly established "the first" Its position as one of the leading financial institutions in the Kingdom, after receiving a number of international awards during the recent period, including two awards within the Global Banking Awards and two awards within the Global Finance Innovators Awards. The bank has also made progress in implementing its sustainability goals by joining the Partnership for Carbon Accounting Finance (PCAF), which contributes to enhancing transparency and supporting the Kingdom’s move towards a more sustainable economy.
Ms. Al-Olayan concluded her statement by saying: "On behalf of the Board of Directors, I extend my sincere thanks and appreciation to our customers for their continued trust, and to our employees for their commitment and dedication. We also extend our thanks to the regulatory authorities, our strategic partner HSBC, the Central Bank of Saudi Arabia, and the Capital Market Authority for their continued support, as we continue to work on our achievements and move forward in achieving sustainable value for all shareholders."
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About the First:
First Saudi Bank is one of the largest banks in the Kingdom and its history in the Kingdom of Saudi Arabia extends more than 90 years, and during this period it was an active partner in supporting the economic growth and social development of the Kingdom. The Alawwal is one of the leading international banks for companies and institutions in the Kingdom, offering a range of the best wealth management offers and personal banking services. Alawwal is also a leading company in the Kingdom and across the region in the field of trade finance, foreign exchange, stocks, wholesale debt banking, and innovation in the digital services sector and environmental, social, and governance practices, which paves our path towards achieving transformation and excellence in the banking services sector.
Alawwal provides integrated financial and banking services, including corporate and investment banking, private banking, and treasury.
The paid-up capital of Alawwal Bank amounts to 20.5 billion Saudi riyals after the completion of the merger with Alawwal Bank on March 14. 2021 AD, when it was legally known as the Saudi British Bank (SABB). The former is a licensed financial institution operating under the supervision and control of the Central Bank of Saudi Arabia and a partner in the HSBC Group.

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