SAIB posts higher profits in Q1-26 interim financial results

SAIB
1030 -2.28% 13.31 -0.31

Riyadh – Mubasher: The net profits attributable to the shareholders of Saudi Investment Bank (SAIB) increased by 3.23% year-on-year (YoY) to SAR 519.60 million in the first quarter (Q1) of 2026 from SAR 503.30 million.

The clients’ deposits hit SAR 122.93 billion in Q1-26, an annual leap of 20.92% from SAR 101.66 billion, according to the interim financial results.

Likewise, the earnings per share (EPS) went up to SAR 0.40 as of 31 March 2026 from SAR 0.39 in Q1-25.

Assets jumped by 9.79% YoY to SAR 180.28 billion in the first three months (3M) of 2026 from SAR 164.20 billion, while the investments hiked by 15.03% to SAR 46.93 billion from SAR 40.80 billion.

The quarterly net profits fell by 42.09% from SAR 897.30 million in the October-December 2025 period.

Last year, SAIB logged net profits valued at SAR 2.43 billion, compared to SAR 1.95 billion in 2024.

Source: Mubasher Source: {{details.article.source}}