Saudi Investment Bank Maintained at Buy as FAB Notes Q2 Results

05:52 AM EDT, 07/28/2026 (MT Newswires) -- FAB Securities reiterated its rating and price target on Saudi Investment Bank (SASE:1030) after the lender published its second-quarter financial statements. "We maintain our BUY rating on SAIB with a target price of SAR 17.80. The Bank reported a 3.6% YOY increase in net income to SAR 531.1 Mn in 2Q26. Growth was primarily supported by higher non-funded income, partially offset by higher operating expenses, financing impairments, zakat charges and a lower share of associates earnings," analysts said in a Tuesday first look note. The bank's second-quarter net profit was in line with FAB's 525 million-Saudi-riyal estimate. Meanwhile, its non-funded income jumped 26% year over year to 207 million riyals, against the research firm's estimate of 171 million riyals.