Financial Services & Banking

July's banking profit dips

August 30, 2026

Saudi banks made SAR 8.52 billion in profit before zakat and tax in July 2026, up 3% from SAR 8.24 billion in July 2025 but down from SAR 10.10 billion in June. Total assets reached SAR 5.187 trillion, up 7.30% year on year, deposits SAR 3.113 trillion, up 8.58%, and private sector credit SAR 3.266 trillion, up 5.64%. The data covers banks listed on the Saudi Exchange and foreign bank branches, from SAMA's monthly bulletin.

Argaam

Banks are seeing deposits grow faster than loans, so margins are likely to be protected rather than increased. If you are selling to a bank, focus on cost-to-serve and skip the growth angle.

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Mohammed Altuwaijri
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Managing Partner

Explore more signals

Government & Public Sector
October 15, 2026
SAR 159.1 billion came in

Foreign direct investment inflows into Saudi Arabia rose 33.5% in 2025 to SAR 159.1 billion, from SAR 119.2 billion in 2024, GASTAT data show, while outflows rose 98.5% to SAR 77.7 billion, so net FDI rose only 1.7% to SAR 81.4 billion. By activity, construction drew the largest inflows at SAR 34.5 billion, followed by manufacturing at SAR 33.4 billion; by country, Luxembourg recorded the highest net inflows at SAR 24.4 billion, followed by the UAE at SAR 9.4 billion.

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Arab News

According to GASTAT, outflows mean foreign investors are reducing their stakes in Saudi companies by repaying loans, taking dividends, or exiting, rather than Saudi money leaving the country. Since net FDI is nearly unchanged, anyone presenting investment momentum to a board should focus on the net figure instead of just the inflow.

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Abdullah Alkherb
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Senior Partner
Government & Public Sector
September 18, 2026
Riyadh climbs forty-seven places

Riyadh rose 47 places to rank 50th worldwide among 1,000 cities across 163 countries in Oxford Economics' 2026 Global Cities Index, after placing 118th in 2024 and 97th in 2025; the index scores cities on five pillars and 27 sub-indicators covering economics, human capital, quality of life, environment and governance.

Argaam

Moving from 118th to 50th in two years reflects both strong performance and city improvement. Companies considering a regional headquarters should highlight this in their internal proposals, as boards typically accept such external rankings without question.

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Mohammed Altuwaijri
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Managing Partner
Telecom & Technology
July 27, 2026
Mobily eyes selling its towers

Preliminary TAWAL talks, NDA only, no MoU, no financial impact yet.

Argaam

An NDA is a disclosure obligation, not a deal. Note who ends up owning national infrastructure as these consolidate.

Abdullah Alkherb
|
Senior Partner

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