Tadawul Shares End Lower as Saudi Banks Report Earnings

08:34 AM EDT, 10/21/2026 (MT Newswires) -- The Tadawul All Share Index ended Wednesday trading at 0.26% in the red as Saudi Arabian banks took the spotlight with their latest financial statements. Riyad Bank (SASE:1010), Al Rajhi Bank (SASE:1120), and the Saudi National Bank (SASE:1180) were some of the banks that published their earnings for the third quarter. The first two lenders posted higher attributable net profit and total operations profit. Saudi National Bank, on the other hand, reported a lower net profit but an increase in total operations profit. Riyad Bank and Al Rajhi Bank closed 2.58% and 0.08% higher, respctively, while Saudi National Bank's shares were 0.16% in the red. "Our third-quarter results reflect the continued implementation of our harmonize the group strategy, which strengthens integration across the business units and subsidiaries of the alrajhi bank group. The strategy aims to deliver sustainable growth by providing comprehensive, innovative financial products and services to customers across different segments and sectors, while continuing to invest in digital transformation in line with Saudi Vision 2030 and supporting the aspirations of the Kingdom's financial sector," Alrajhi Bank Chairman Abdullah bin Sulaiman Al Rajhi commented. On the corporate front, Scientific and Medical Equipment House (SASE:4014) shares closed 3.41% higher as it secured a 12-month deal to maintain and repair medical devices and equipment for the King Fahad Specialist Hospital in Dammam. Meanwhile, Salama Cooperative Insurance (SASE:8050) secured the Insurance Authority's approval to sell and market its civil liability insurance product in the kingdom. The insurer lost 0.45% at closing.