Net financing and advances grew 4.6% YOY to SAR 758.1 Bn in 3Q26, supported by growth in both retail and wholesale financing. Customer deposits increased 4.7% YOY to SAR 669.9 Bn in 3Q26, with the CASA ratio at 66.2%. Maintained a strong capital and liquidity position, with a capital adequacy ratio of 21.1%, LCR of 202.3% and NSFR of 114.5% in 3Q26.

Saudi National Bank (“SNB”) reported a 1.0% YOY increase in funded income to SAR 15,984 Mn in 3Q26, primarily due to a 2.6% YOY increase in funded income from the financing portfolio. SNB’s net funded income increased 10.2% YOY to SAR 8,048 Mn in 3Q26, supported by financing growth and favourable repricing dynamics, as funding costs declined faster than asset yields on a YOY basis.

CASA ratios declined to 47.2% in 3Q26 from 52.8% in 3Q25, due to rise in time deposits. Liquidity ratios remained healthy with NSFR at 111.3% and LCR at 136% in 3Q26. Cost of risk rose by 5bps YOY to 0.51% in 9M26, whereas 84% of the impairment allowance in 9M26 pertains to corporate and 16% for retail financing.

ALINMA’s net profit declined marginally 0.2% YOY to SAR 1,588 Mn in 3Q26, in line with our estimate of SAR 1,643 Mn, primarily due to lower non-funded income, higher operating expenses and impairment charges, partially offset by growth in net-funded income.

Net advances increased 5.9% YOY but declined 4.7% QOQ to AED 13.5 Bn in 3Q26, reflecting annual loan book growth despite a sequential contraction. Customer deposits increased 1.7% YOY but declined 2.1% QOQ to AED 16.0 Bn in 3Q26, while the loan-to-deposit ratio decreased to 84.4% in 3Q26 from 86.7% in 2Q26.

The Group's backlog stood at AED 54.1 Bn as of 3Q26, supported by AED 9.7 Bn of project awards secured during 9M26, providing strong long-term revenue visibility. NMDC Group inaugurated Abu Al Bakhoush, a state-of-the-art self-propelled heavy-duty cutter suction dredger in 3Q26.