05:27 AM EST, 11/03/2026 (MT Newswires) -- FAB Securities changed its rating on Arab National Bank (SASE:1080) to buy from hold, with the price target of 25 Saudi riyals unchanged, following its third-quarter results. The Saudi-listed lender posted a third-quarter attributable net profit of 1.35 billion riyals, up 1.7% year over year and in line with FAB's estimate of 1.34 billion riyals, according to a Tuesday note. Meanwhile, its operating income climbed 7.4% to 2.55 billion riyals, compared with the research firm's forecast of 2.69 billion riyals. "Disciplined cost management and resilient asset quality are expected to support long-term profitability, while its capital position provides capacity for further balance sheet expansion. However, volatility in non-funded income, deposit growth lagging loan growth and potential funding cost pressures remain key risks to profitability," FAB said.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.