Saudi Awwal Bank announces its Interim Financial Results for the Period Ending on 2026-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Income From Special Commission of Financing	4,523	4,333	4.384	4,350	3.977
Total Income From Special Commission of Investment	1,122	1,183	-5.156	1,135	-1.145
Net Income From Special Commission of Financing	2,743	2,678	2.427	2,662	3.042
Net Income From Special Commission of Investment	207	188	10.106	208	-0.48
Total Operations Profit (Loss)	3,663	3,721	-1.558	3,612	1.411
Net Profit (Loss) before Zakat and Income Tax	2,550	2,479	2.864	2,411	5.765
Net Profit (Loss) Attributable to Shareholders of the Issuer	2,331	2,127	9.59	2,086	11.744
Total Comprehensive Income Attributable to Shareholders of the Issuer	2,356	2,224	5.935	1,813	29.95
Total Operating Expenses Before Provisions for Credit and Other Losses	1,110	1,074	3.351	1,101	0.817
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	5	216	-97.685	166	-96.987
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Income From Special Commission of Financing	8,874	8,542	3.886
Total Income From Special Commission of Investment	2,256	2,312	-2.422
Net Income From Special Commission of Financing	5,406	5,390	0.296
Net Income From Special Commission of Investment	415	376	10.372
Total Operations Profit (Loss)	7,275	7,341	-0.899
Net Profit (Loss) before Zakat and Income Tax	4,961	4,928	0.669
Net Profit (Loss) Attributable to Shareholders of the Issuer	4,417	4,262	3.636
Total Comprehensive Income Attributable to Shareholders of the Issuer	4,169	5,808	-28.219
Assets	474,474	433,517	9.447
Investments	99,822	108,976	-8.4
Loans And Advances Portfolio (Financing And Investment)	320,207	282,604	13.305
Clients' deposits	342,157	297,003	15.203
Total Shareholders Equity (after Deducting Minority Equity)	80,878	75,661	6.895
Total Operating Expenses Before Provisions for Credit and Other Losses	2,211	2,145	3.076
Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net	172	358	-51.955
Profit (Loss) per Share	1.96	1.95
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is	The net special commission income was higher by 3% contributed from gross special commission income primarily driven by growth in loan and interbank lending partly offset by lower average yield reflecting the lower rate environment mainly affecting the floating loan portfolio. However, special commission expense grew by 2%, reflecting the increase in the proportion of special commission expense bearing term deposits and the increase in debt securities in issue and term loans partially offset by a decrease in interbank borrowing.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The net profit was higher by 10% primarily driven by an increase in the net special commission income, a decrease in net provision for expected credit losses and a decrease in provision for income tax charge partially offset by a decrease in total operating income, a decrease in share in earnings of associate and an increase in total operating expenses. Total operating income decreased mainly due to lower exchange income (because of decrease in foreign exchange trade volume), gain on FVOCI debt instruments, fee and commission income and other operating income partially offset by higher net special commission income and income from FVSI financial instruments. Operating expenses were higher due to an increase in depreciation and amortization expenses given recent higher software capitalization reflecting the investment in digital capability. A decrease in the share of earnings of an associate is mainly attributed to lower operating income of the associate because of fewer transactions, lower activities in equity capital market and in securities services businesses. Provision for income tax charges was lower due to an income tax refund on qualifying government sukuk and bond investments. The decrease in expected credit losses is explained below.
The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the same quarter of the last year is	Net provision for expected credit losses decreased by SAR 211 million or 97% mainly driven by lower impairment charges for loans and advances, together with impairment reversals relating to off balance sheet exposures.
The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is	The gross and net special commission income were higher by 3% contributed from the gross special commission primarily driven by volume growth in loan portfolio partly offset by an increase in the proportion of special commission expense bearing term deposits and the increase in debt securities in issue and term loans.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is	The net profit was higher by 12% primarily driven by a decrease in net provision for expected credit losses, a decrease in provision for income tax charge and an increase in total operating income partly offset by a decrease in share in earnings of associate and a marginal increase in total operating expenses. Total operating income increased mainly due to higher net fee and commission income, net special commission income, income from FVSI financial instruments partially offset by a decrease in income from FVOCI debt instruments (due to higher volume disposal appropriated in the previous quarter). Operating expenses were marginally higher due to an increase in depreciation and amortization expenses given recent higher software capitalization reflecting the investment in digital capability offset largely from a decrease in general and administrative expenses. A decrease in the share of earnings of an associate is mainly attributed to lower operating income because of fewer transactions and lower activities in equity capital markets, partly offset by a reversal in intergroup charges in previous quarter. Provision for income tax charges was lower due to an income tax refund on qualifying government sukuk and bond investments. The decrease in expected credit losses is explained below.
The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the previous quarter is	Net provision for expected credit losses decreased by SAR 161 million or 97% mainly due to lower impairment charges for loans and advances, together with impairment reversals relating to off balance sheet exposures.
The reason of the increase (decrease) in special commission income during the current period compared to the same period of the last year is	The gross special commission income was higher by 3% primarily driven by growth in loans and interbank lending partly offset by lower average yield reflecting the lower rate environment mainly affecting the floating loan portfolio and by a decrease in income from investments resulting from disposal of certain investments during the period. However, net special commission income was higher by 1%, as special commission expense grew reflecting the increase in the proportion of special commission expense bearing term deposits and the increase in debt securities in issue and term loans offset by lower average yield on time deposits and a lower interbank borrowing cost.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The net profit was higher by 4% primarily driven by a decrease in net provision for expected credit losses and a decrease in provision for income tax charge partially offset by an increase in total operating expenses and a decrease in share in earnings of associate. Total operating income fell 1% but included a 1% increase in Net special commission income mainly from growth in average balances in the loan portfolio. Total operating income decreased mainly due to a decrease in net fee and commission income (lower fee from securities services business), exchange income (because of decrease in foreign exchange trade volume), and other operating income partially offset by higher gain from on sale of FVOCI debts instruments, higher net special commission income and income from FVSI financial instruments. Operating expenses were higher due to an increase in depreciation and amortization expenses given recent higher software capitalization reflecting the investment in digital capability and a marginal increase in salaries and employee related expenses. A decrease in the share of earnings of an associate is mainly attributed to lower operating income because of fewer transactions, lower activities in equity capital market and securities services businesses of the associate, partly offset due to reversal in intergroup charges in the current period. Provision for income tax charges was lower due to an income tax refund on qualifying government sukuk and bond investments. The increase in provision of expected credit losses is explained below.
The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current period compared to the same period of the last year is	Net provision for expected credit losses decreased by SAR 186 million or 52% mainly due to high recoveries and lower charges for off balance sheet, partially offset by higher impairment charges for loans and advances.
Statement of the type of external auditor's report	Unmodified Conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	Certain prior period figures have been reclassified to be aligned with the presentation in the current period including a reclassification from fee income to special commission around SAR 80.2 million relating to management fee. The Bank has restated the previous period balances following the restatement during year ended 2025 relating to Investments, Retained earnings and Other reserves in the interim condensed consolidated financial statements.
Additional Information	Earnings per share for the three month and six-month period ended 30 June 2026 and 30 June 2025 are calculated by dividing the net income after Zakat and income tax attributable to equity holders of the Bank (adjusted for Tier 1 Sukuk costs) by 2,055 million weighted average number of shares outstanding during the three month and six month period ended 30 June 2026 and 30 June 2025.