Riyad Capital Tweaks Alinma Bank Price Target After Q3 Earnings

03:22 AM EDT, 10/26/2026 (MT Newswires) -- Riyad Capital updated its price target for Alinma Bank (SASE:1150) as it took note of the lender's "stable earnings" in the third quarter. "Alinma's asset-sensitive balance sheet should continue to support margins in a higher-for-longer rate environment. However, the elevated level of provisioning warrants a more cautious credit-cost outlook, as it could partly offset the margin benefit and moderate internal capital generation. We therefore trim our target price to SAR 25.00 from SAR 25.50, while upgrading our recommendation to Buy as the recent share-price decline has widened the potential upside," analysts wrote in a Sunday note. During the reporting period, the bank logged a "broadly unchanged" net income of 1.59 billion Saudi riyals, against Riyad Capital's estimate of 1.68 billion riyals. Total operating income rose 5% annually to 3.12 billion riyals, which was "broadly in line" with the research firm's 3.18 billion-riyal forecast.