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United Securities has released Q2 2026 earnings forecasts for several Saudi banks and companies under its coverage. Key highlights include a projected 11% year-on-year (YoY) increase in Al Rajhi Bank’s net profit to SAR 6.8 billion, and Saudi Aramco’s expected net profit of SAR 92 billion. Other banks like Saudi National Bank (SNB) and Riyadh Bank are forecasted to see modest growth of 4% and 2% respectively. These projections are based on anticipated economic recovery and sector-specific performance in Saudi Arabia.
For markets, these forecasts could influence investor sentiment towards Saudi equities, particularly banking and energy sectors. Positive earnings trends may attract both domestic and international investors seeking growth opportunities in the Gulf. Traders should monitor upcoming quarterly reports for confirmation of these projections, as discrepancies could lead to short-term volatility.
The implications for MENA investors are significant, as Saudi banks and energy giants form a large portion of the Tadawul index. The forecasts suggest continued resilience in the financial sector despite global economic uncertainties. Investors should watch for policy changes from the Saudi Central Bank and regional economic indicators that could affect these earnings. Additionally, the performance of Saudi Aramco remains a critical factor for the broader market.
