Saudi Arabia · Delayed Price · Currency is SAR Al Rajhi Banking and Investment Earnings Call Transcripts
Fiscal Year 2026
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9M net income rose 13.3% to SAR 20.9bn, supported by 17% net interest income growth and 42 bps NIM expansion. FY guidance was unchanged, though Q4 funding costs are expected to rise and sequential NIM may face pressure.
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Net income rose 14% year-over-year to SAR 13.8 billion, with strong fee income and digital transformation progress. Loan growth guidance was trimmed to low single digits, and cost of risk guidance slightly increased, while capital and liquidity ratios remain robust.
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Q1 2026 net income rose 14% year-on-year to SAR 6.8 billion, with strong asset growth, NIM expansion, and robust SME and digital performance. Asset quality and capital ratios remain strong, and guidance for NIM and Tier 1 capital was upgraded for 2026.
Fiscal Year 2025
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Net income rose 26% year-on-year to SAR 24.8 billion, with strong asset and operating income growth, improved efficiency, and robust capital ratios. 2026 guidance anticipates slower credit demand, NIM expansion, and continued focus on value over volume.
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Net income surged 30% year-over-year to SAR 18.4 billion for the first nine months of 2025, with strong growth in both retail and corporate segments. NIM guidance was revised down due to liquidity pressures, while capital buffers were strengthened in response to regulatory changes.
Fiscal Year 2024
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Record net income and strong asset growth in 2024 were driven by robust retail, corporate, and mortgage lending, improved efficiency, and digital transformation. 2025 guidance targets high single-digit loan growth, NIM expansion, and ROE above 21%, with a continued focus on funding diversification and risk management.
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Record net income and strong asset growth were achieved in the first nine months of 2024, with robust expansion in both retail and non-retail financing, improved cost-to-income ratio, and upgraded guidance for NIM and ROE. Fee income and digital initiatives also saw significant gains.