Saudi Awwal Bank · TADAWUL:1060
Saudi Awwal Bank — Q3 2026 Earnings Presentation
22 slides from Saudi Awwal Bank's earnings presentation, Nov 1, 2026
Slide 1: Saudi Awwal Bank 3Q26 Earnings call presentation
Saudi Awwal Bank 3Q26 Earnings call presentation Presentation to investors and analysts
Slide 2: CEO's key 3Q26 messages
CEO's key 3026 MESSAGES Xd Ss
Slide 3: 3Q26 Key messages
3 Q 26 Key messages NSCI growth from expanding margins leading to 5% sequential revenue growth; we prudently increase coverage across a handful of names from modelling updates; loan growth remains ahead of the market Sustained Asset quality Resilient returns Healthy capital, Strategy on track liquid
Slide 4: Recap on our delivery of the strategic aims we set out in 2021
Recap on our delivery of the strategic aims we set out in 2021 The first phase of the strategy has been successfully delivered with a transformation of the bank back to growth and backed by strong financial results We merge We integrate We invest We grow and build returns 2019 2020 2021 2022 2023 20
Slide 5: 3Q26 financials
a ag Se \ ae he hgh jg 3026 financials gill SAB
Slide 6: Financial summary
Financial summary SAR6.6 bn of net income generated in 9M26 up 3% YoY; improvin g quarterly NIM , sequential pre-provision profit growth, pruden t cost -of-risk and faster -than -marke t loan growth Income statement and Balance Sheet Key ratios, Income statement and Balance Sheet YTD Quarterly YTD Q
Slide 7: Revenue
Revenue 5% sequential revenue growth underpinned by NIM expansio n and a rebound in fee income Quarterly revenue trend from 2019 , SARbn External revenue by business: Recent quarterly trend SARm Non -funds income NSCI Corporate and Institutional Wealth and Personal Banking Banking +8% +4% 3.8 2,813
Slide 8: NSCI and non-funds revenue
NSCI and non -funds revenue 4% NSCI expansion sequentially ; NIM expands in the third quarter from re -pricing efforts Net Special Commission Income, SARm , NIM, Yield and Cost -of -funds, % PV unwind NSCI excl. PV unwind x Average interest earning assets, SARbn Gross yield Cost of funds NSCI margin
Slide 9: Non-funds revenue
Non -funds revenue Changes to consumer regulations and higher fee expenses impacted net fee generation; resilience in our trade business remains exceptional and fee income continues to grow despite the challenging backdrop Non -funds income, SARm Non -trade -related fee income Trade -related Underly
Slide 10: Costs
Costs Operating expenses remain well managed with 1% QTD YoY growth; 9M26 cost efficiency ratio improves to 30. 1% Quarterl y cost trend, SARm Cost efficiency ratio through the merger, % + 1% 1,191 1,127 1,101 1,110 1,136 1,075 1,074 1,091 1,071 1,074 1,051 CER ratio has ✓ benefitted from an improvi
Slide 11: Impairment analysis and credit quality
Impairment analysis and credit quality Portfolio quality remains strong with NPL ratio of 1.3 %; during 1Q, management elected to take additional ECL overlay , and during 3Q additional charges on specific accounts relating to revised modelling inputs Year -to -date ECL charge ( SARm) and CoR (bps) N
Slide 12: Customer lending
Customer lending YTD lending growth continues with more moderate growth in 3Q; we possess a diversified lending portfolio. Gross customer lending, SARbn + 9% Gross customer lending, by sector + 15 % 327.6 332.9 + 20 % 305.8 314.7 289.3 299.7 Faster -than - 285.3 258.9 265.6 market growth 247.9 234.7
Slide 13: Corporate and institutional business
Corporate and institutional business We grew CIB by 2% QoQ during 3Q26 ; originations activity remains robust ; trade -related volumes remain stable Gross customer lending, SARbn + 2% + 15 % Multinational Our trade and off -balance sheet 246.4 250.3 Mid market Banking business is the number 1 in the
Slide 14: Wealth and personal lending business
Wealth and personal lending business Lending growth of 2% QoQ, supported by robust mortgage growth which continues to be ahead of market levels Gross customer lending 1 , SARbn A core contribution to the Bank ’s + 2% financial performance + 15 % + 21 % 79.5 80.8 74.3 75.2 76.7 3.8 > 85 % 71.1 3.6 3.
Slide 15: Customer deposits and liquidity
Customer deposits and liquidity Funding and liquidity remain robust ; we flex deposits by reducing more expensive deposits ; NIBs balances retain their stability. Customer deposits, SARbn Demand deposit balances and ratio Liquidity coverage ratio, % Strong funding base Stabilising NIBs ratio Highly
Slide 16: Capital and returns
Capital and returns SAB delivering 14.2 % RoTE from continued revenue growth, faster -than -market loan growth, low cost -of-risk and strong cost control . Return on tangible equity 1, % CET 1 capital ratio 1, % Total capital ratio 1, % Basel 3 reforms basis Basel 3 reforms basis Pre equity restatem
Slide 17: 2026 guidance
2026 guidance As we approach the end of 2026 , we update some of our guidance metrics; despite certain headwinds and uncertainty, performance for the Bank remains strong. Despite an uncertain macro, risks but also opportunities exist 2021 2022 2023 2024 2025 9 M 26 2026 guidance ◆ More recent perfor
Slide 18: Appendix
SSS SS IX gill SAB Append
Slide 19: SAB: diversified international banking offering with HSBC network
SAB األول A diversified international banking offering locked into a global banking network through HSBC History and background Netherlands Trading Society opens its 1926 office in Jeddah and becomes the first bank Corporate Institutional Banking Wealth and Personal Banking to operate in KSA As on
Slide 20: Investment case
Investment case Five reasons to invest in SAB 1 . Leading international bank in the Kingdom 4 . Positioned for growth Our institution has developed into the leading international bank in the Kingdom We have successfully completed the integration of our two banks, following the through a deep underst
Slide 21: SAB's differentiation - connectivity with HSBC
SAB ’s differentiation - connectivity with HSBC Our contribution to bringing the world to Saudi, and Saudi to the world Engagement model enablers Product Capabilities ◆ Saudi extension to Global Network Other HSBC ◆ SAB ◆ Only international bank of scale Group Companies in KSA Global Network ◆ Unriv
Slide 22: Medium term outlook: 2024 to 2026
Medium term outlook: 2024 to 2026 1 2 3 Sustainably gain market Grow sustainable returns Be future -ready by leading share in lending over the in a changing environment in digital and ESG next 3 years The leading international bank in the Kingdom Alawwal (the best) in customer experience A Scale pla