Al Rajhi Bank · TADAWUL:1120
Al Rajhi Bank — Q1 2026 Earnings Presentation
29 slides from Al Rajhi Bank's earnings presentation, 2026
Slide 1: Al Rajhi Bank Results Presentation
Al Rajhi Bank Results Presentation 1Q 2026 Earnings Conference Call and Webcast
Slide 2: 1Q 2026 Earnings Call
1Q 2026 Earnings Call 03 1Q 2026 Results Summary 04 Harmonize The Group – Strategy Update 05 1Q 2026 Financial Highlights 18 FY 2026 Guidance 22 ESG Highlights 24 KSA’s Macro-Economic Environment 27 IR Contact Information 1Q2026 Results Presentation 2
Slide 3: 1Q 2026 Results Summary
1Q 2026 Results Summary | Results were above expectations for the first quarter 2026 0.1% YTD Growth in financing portfolio 0.2% decrease in liabilities LDR below regulatory cap 0.8% YTD Balance Net Financing Total Liabilities Loan to Deposit Ratio Sheet Growth 752.8bn +0.1% 753.7bn 900.4bn -0.2% 89
Slide 4: Harmonize the Group: Highlights on our strategy performance
“Harmonize the Group” | Highlights on our strategy performance Business to Business to Support Digital & Data Consumer Business Businesses Leverage customer Become ‘main bank’ Centralization Expand digital base via cross-sell of large corporates and standardization capabilities Group-wide % of custo
Slide 5: 1Q 2026 Financial Highlights
1Q 2026 Financial Highlights
Slide 6: Balance Sheet Trends (1)
Balance Sheet Trends (1) | Total assets growth of 3.0% YoY driven by Financing book growth Total Assets (SARbn) SAR (mn) 1Q 26 4Q 25 QoQ 1Q 25 YoY +3.0% 1,400 Cash & balances with SAMA 62,523 54,005 +16% 65,077 -4% 1,039 1,059 1,043 1,051 1,200 1,021 Due from banks & other FI 24,420 26,941 -9% 20,97
Slide 7: Balance Sheet Trends (2)
Balance Sheet Trends (2) | Financing grew 4.3% YoY driven by Corporate and SME Financing, Net (SARbn) Movement in Financing (SARbn) 1,000 +4.3% 600 +0.1% 722.8 752.8 753.7 58.7 65.9 752.8 1.6 7.2 753.7 500 43.6 800 1.2 0.8 0.8 400 192.8 211.2 206.5 (3.1) (0.1) 600 300 (4.7) 400 200 200 485.3 482.1 4
Slide 8: Balance Sheet Trends (3)
Balance Sheet Trends (3) | Investments continue supporting our portfolio diversification Investments, Net (SARbn) Investments, Net (SARbn) 250 250 -2.7% -2.7% 200 177.9 174.3 173.1 200 177.9 174.3 173.1 13.0 13.2 13.0 13.2 13.0 13.0 8.0 9.6 8.7 21.1 8.0 9.6 8.7 21.8 21.7 150 150 15.0 100 100 141.9 1
Slide 9: Net Income Trends
Net Income Trends | Outstanding net income with a 14.3% growth YoY in the first quarter 2026 Net Income For The Period After Zakat (SARmn) SAR (mn) 1Q 26 1Q 25 YoY 1Q 26 4Q 25 YoY 10,000 +14.3% Net financing & investment income 8,405 7,097 +18% 8,405 8,150 +3% Fee from banking services, net 1,603 1,
Slide 10: Operating Income Trends
Operating Income Trends | Higher operating income driven by net yield and fee income growth Total Operating Income (SARmn) Total Operating Income Growth Drivers By Type (SARmn) 14,000 16,000 14,000 +14.4% 12,000 +14.4% 10,528 1,308 231 79 10,528 9,882 10,409 12,000 10,000 10,000 9,200 9,603 9,200 8,
Slide 11: Expenses Trends
Expenses Trends | Cost efficiencies remains solid with a market leading cost to income ratio of 23.3% Operating Expenses (SARmn) Operating Expenses Growth Drivers By Type (SARmn) 2,500 +17.7% +17.7% 4,000 2,000 3,500 2,680 387 2,457 2,457 3,000 2,143 2,216 112 1,500 2,500 2,088 2,088 2,000 1,000 (13
Slide 12: Net Impairment & Cost of Risk
Net Impairment & Cost of Risk | Higher gross charge due to Financing portfolio growth with a maintained CoR Net Impairment Charges (SARmn) Cost of Risk (%) 1,250 +20.2% 0 1,050 0 850 600 626 631 0.33% 570 0.29% 0.31% 0.31% 0.32% 0 525 650 0 450 0 250 50 (0) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q 25 1H 25
Slide 13: Asset Quality Trends (1)
Asset Quality Trends (1) | Asset quality remains healthy Movement in NPL (SARmn) 6,000 NPL Formation (SARmn) 9,000 5,000 +3.5% 8,000 +3.5% 5,694 1,324 5,895 7,000 4,000 285 6,000 5,694 5,895 5,000 3,000 (83) 4,000 2,000 3,000 2,000 1,000 (1,123) 1,000 0 0 4Q 25 Retail Non-Retail 1Q 26 4Q 25 Write of
Slide 14: Asset Quality Trends (2)
Asset Quality Trends (2) | Healthy stage coverage reflecting prudent risk management ECL by Stage (SARmn) Movement in ECL by Group (SARmn) 12,000 10,000 8,683 8,861 +7.4% 8,253 10,000 8,000 8,000 263 345 8,861 4,287 4,207 8,253 6,000 4,207 6,000 1,682 1,879 4,000 1,454 4,000 2,000 2,593 2,714 2,775
Slide 15: Liquidity Trends
Liquidity Trends | Liquidity remains comfortably within regulatory requirements HQLA (SARbn) Loan to Deposits Ratio (SAMA) (%) 200 180 +2.5% 1 Regulatory 160 Maximum 90% 124.5 127.3 127.6 84.9% 1 120.7 122.3 82.5% 82.8% 82.6% 140 120 1 81.2% 100 1 80 60 1 40 1 20 0 0 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1Q
Slide 16: Capitalization Trends
Capitalization Trends | Capital position well above regulatory minima RWA (SARbn) Total Capital (SARbn) 250 +4.9% +16.8% 1,000 200 673.9 683.2 156.9 800 651.1 46.1 51.5 147.3 56.2 134.4 9.2 150 15.3 14.1 9.2 600 21.2 5.4 100 400 573.8 612.5 617.6 129.0 138.1 147.7 50 200 0 0 1Q 25 4Q 25 1Q 26 1Q 25
Slide 17: Return Metrics
Return Metrics | Al Rajhi Bank’s returns remain industry-leading Return on RWA (%) Earnings per Share (SAR) 0 +12.5% 3 3.98% 0 3.83% 3.86% 2 3.78% 1.59 0 3.74% 1.41 1.45 1.48 1.51 0 2 0 1 0 1 0 0 0 1Q 25 1H 25 9M 25 FY 25 1Q 26 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Return on Equity (%) Return on Assets (%)
Slide 18: FY 2026 Guidance
FY 2026 Guidance
Slide 19: FY 2026 Assumptions and Outlook
FY 2026 Assumptions and Outlook | Interest rates are expected to be stable in 2026 • Saudi real GDP is estimated to improve by 4.5% in 2025 driven by 4.9% higher non-oil activities • IMF has revised Saudi GDP growth forecasts to 3.1% in 2026 and 4.5% for 2027 Economy • Consumer spending increased by
Slide 20: FY 2026 Guidance
FY 2026 Guidance | For our strategy “Harmonize the Group“ FY 2026 Guidance 1Q 2026 Actual Guidance Revision Balance Sheet Financing Low to mid single digit +0.1% Low to mid single digit Net profit margin +25 bps to +35 bps +38 bps +30 bps to +40 bps Profitability Cost to income ratio Below 23.0% 23.
Slide 21: Q&A
Q&A
Slide 22: ESG Highlights
ESG Highlights
Slide 23: ESG Highlights | 1Q 2026
ESG Highlights | 1Q 2026 +200 USD 6.9 bn Scholarships to Orphan ISO/DIS 37301:2020 Green syndicated loans students to join Compliance Universities Started using solar +39k ISO 22301:2019 energy system in 61 Families have been benefited from the USD 1.0bn Business Continuity branches to reduce Social
Slide 24: KSA's Macro-Economic Environment
KSA’s Macro–Economic Environment
Slide 25: KSA Economic Outlook
KSA Economic Outlook | Economic conditions remain positive for the Kingdom GDP Growth/Brent Oil Price Highlights 99.0 82.5 85.0 • Saudi GDP is expected to increase by 4.5% in 2025 driven by higher oil 80.5 100.0 69.0 7.2 70.9 and non-oil activities. 5.2 4.3 80.0 8.7 3.1 60.0 3.2 • Based on IMF forec
Slide 26: Banking Sector Highlights
Banking Sector Highlights | Banking system deposits continue growing by the first quarter 2026 Recent Developments SAMA LDR (%) & Bank Loans and Deposits (SARmn) 81.5% 80.7% 83.2% 80.3% 79.23% • Deposits have grown in the banking system by end of February 2026 4,000 3,296 3,335 80.0% exceeding loans
Slide 27: IR Contact Information
IR Contact Information
Slide 28: Additional Information
Additional Information | Contact investor relations for more information Investors Relations IR@alrajhibank.com.sa Visit our website (here) for more Investor disclosers: • Annual Report • Factsheet • Financial Statements • Data Supplement • Investor Presentation • Earnings Release Alrajhi Mobile App
Slide 29: Disclaimer
Disclaimer • AL RAJHI BANK HEREIN REFERRED TO AS ARB MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY REGARDING THIS DOCUMENT OR THE MATERIALS AND INFORMATION CONTAINED OR REFERRED TO ON EACH PAGE ASSOCIATED WITH THIS DOCUMENT. THE MATERIAL AND INFOR- MATION CONTAINED O