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SAUDI Arabia’s banking sector reinforced its role as a pillar of the national economy, posting a record start to 2026 with unprecedented first-quarter profits,reports the Arab News.
The kingdom’s 10 listed banks posted combined net profit of $6.4 billion in the first quarter, up 7.6 per cent from a year earlier, underscoring the sector’s ability to convert momentum generated by Vision 2030 into sustained financial gains.
The performance was driven by strong results from major lenders including Saudi National Bank, Al Rajhi Bank, and Riyad Bank, as well as Saudi Awwal Bank, Banque Saudi Fransi, and Arab National Bank.
The other banks making up the cohort were Alinma Bank, Bank Albilad, the Saudi Investment Bank and Bank AlJazira.
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