Saudi First Bank Reports 2.08 Billion Riyals Profit in Q1 2026
Saudi First Bank achieved a net profit of <strong>2.08 billion riyals</strong> (approximately <strong>556.3 million dollars</strong>) in the first quarter of 2026, reflecting a slight decrease of <strong>2.3%</strong> compared to the same period last year. This performance highlights the bank's ability to grow its lending and deposit volumes despite challenges from declining interest rates and increased financial hedging.