Al Rajhi Bank’s (“ALRAJHI”, “The Bank”) net profit attributable to equity shareholders grew 14.0% YOY to SAR 7,012 Mn in 2Q26, in line with our estimate of SAR 6,876 Mn. The growth is primarily driven by double-digit growth in net funded income and non-funded income coupled with decline in zakat charges partially offset by an increase in total operating expenses, higher impairments and higher share of profit to NCI holders.

CBD's Net profit increased by 2.1% YOY and 6.7% QOQ to AED 886 Mn in 2Q26, supported by lower impairment charges and higher non-funded income, partially offset by lower net funded income, higher operating expenses, and taxes.

Banque Saudi Fransi’s (BSF/the Bank) reported a 6.0% YOY rise in net profit to SAR 1,487 Mn in 2Q26, higher than our estimate of SAR 1,368 Mn. The increase in net profit was driven by higher net funded income and non-funded income, partially offset by higher operating expenses, impairment charges and zakat charges.

Arab National Bank (“ARNB”, “The Bank”) recorded a 6.5% YOY increase in net profit to SAR 1,423 Mn in 2Q26, higher than our estimate of SAR 1,338 Mn. The increase in net profit is primarily driven by rise in non-funded income, net funded income, coupled with a decline in net allowance charges for ECL and other provisions. This was partially offset by higher operating expenses.

ADNH Catering PLC (ADNHC/the Company) reported a 19.4% YOY decline in net profit attributable to equity shareholders to AED 28 Mn in 2Q26, lower than our estimate of AED 39 Mn. The decline in net profit was driven by higher cost of sales, net finance costs, and a share of non-controlling interests, partially offset by higher revenue, a reversal of impairment on trade receivables of AED 0.2 Mn in 2Q26 compared to a charge of AED 22.6 Mn in 2Q25, and lower income tax charges.