July 21, 2026 07:57 AM GMT Saudi Awwal Bank | Europe 2Q26 earnings beat: SAB reported 2Q26 profit of SAR2.3bn (EPS: SAR1.02), +12% QoQ and +10% YoY. Earnings were 10% ahead of our estimate and 12% ahead of consensus on lower than expected provisioning. The bank reported an ROTE of 14.7% for 2Q26. SAB's 1H26 profit was SAR4.4bn (EPS: SAR1.96), +4% YoY, on lower provisioning. Stable NIM, lower Non-II despite likely fee pick-up: Revenue was up 1% QoQ with NII up 3% and Non-II down 4%. NIM was stable QoQ at 2.5 ...