Arab National Bank Price Target Reiterated as United Securities Notes Q2 Results Beat

06:20 AM EDT, 08/17/2026 (MT Newswires) -- United Securities LLC maintained its price target for Arab National Bank (SASE:1080) at 24 Saudi riyals, with a hold rating, as the lender's second-quarter earnings exceeded expectations. Thanks to lower provisioning expenses, the bank logged a 6.4% yearly increase in its second-quarter net income, surpassing United Securities estimates by 18%, according to a Monday note. The lender's operating income of 2.7 billion riyals, meanwhile, was 4% above the research firm's forecast. "ANB's 2Q26 performance was above estimates; however, we expect second-half profit growth to be muted, as NII is expected to be flat and the cost of risk to be higher at 0.4-0.5%," analysts said. "The stock currently trades at 10.2x 2026e P/E and 1.0x P/B, while offering an attractive dividend yield of 5.6%."