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.

Albilad Bank’s (“ALBI”, “The Bank”) net profit increased by 3.4% YOY to SAR 792 Mn in 2Q26, in line with our estimate of SAR 800 Mn. The growth in net profit is mainly attributable to the higher net funded income, driven by rise in investment and financing activities, partially offset by decline in non-funded income, along with higher G&A expenses, impairment charges and zakat expenses.

Etihad Etisalat (Mobily/the Company)’s net profit increased 8.6% YOY to SAR 901 Mn in 2Q26, in line with our estimate of SAR 925 Mn. The increase in net profit was supported by growth in revenue from all segments, partially offset by a higher cost of services, increased depreciation and amortisation and increased zakat charges.

Jarir Marketing Co (“JARIR”, “The Company”) reported a 19.5% YOY increase in net profit to SAR 236 Mn in 2Q26, in line with our estimate of SAR 229 Mn. The increase in net profit is largely driven by higher revenue from smartphones segment, partially offset by higher cost of sales, an increase in selling & marketing and G&A expenses and decline in other income.