TAEF Daily Executive Brief
Friday, 17 April 2026 · 08:00 AM Riyadh · All figures: USD
Budget variance scale
≥ +5% · Outperforming
0% to +5% · On track
0% to -3% · Watch
Below -3% · Action needed
Market indicators
Rates and indices
Overnight SOFR — Today
4.31%
Oil Brent $/bbl
$84.2
▲ +0.8%
Tadawul Index
11,842
▼ -0.3%
Profitability
Net profit performance
Net Profit — MTD
$18.4M
Budget $17.5M · +5.1% · Dark Green ↑
Operating Income
$22.3M
-1.8% vs budget
G&A
$5.80M
+5.5% vs budget
Impairment
$1.30M
+18.2% vs budget
Net Profit — YTD
$42.6M
Budget $40.2M · +6.0% · Dark Green ↑
Operating Income
$68.5M
-1.9% vs budget
G&A
$17.2M
+5.5% vs budget
Impairment
$3.80M
+18.8% vs budget
Income statement
P&L detail
| Label |
MTD $M |
MTD vs budget |
YTD $M |
YTD vs budget |
| Corporate Banking Net Income |
$12.4M |
-6.1% |
$36.8M |
-5.6% |
| Investments & Partnership |
$4.50M |
+0.0% |
$13.4M |
+0.0% |
| Treasury Net Income |
$5.40M |
+7.6% |
$16.1M |
+7.3% |
| Total Operating Income |
$22.3M |
-1.8% |
$68.5M |
-1.9% |
| Staff Cost |
$3.80M |
+8.6% |
— |
— |
| Premises Cost |
$0.60M |
+0.0% |
— |
— |
| Technology Cost |
$0.80M |
-11.1% |
— |
— |
| Communication Cost |
$0.10M |
+0.0% |
— |
— |
| Corporate Expenses |
$0.50M |
+25.0% |
— |
— |
| Total G&A |
$5.80M |
+5.5% |
$17.2M |
+5.5% |
| Impairment |
$1.30M |
+18.2% |
$3.80M |
+18.8% |
| Net Profit |
$18.4M |
+5.1% |
$42.6M |
+6.0% |
Balance sheet
Assets by business line
Total Assets $15,274M · YTD avg $14,980M
· vs Budget +4.8% · Liabilities $9,472M
· Equity $3,603M
Corporate Banking
$6,591M
vs Budget -0.5% ↓
Impairment / reserve: $-84.0M
Investments & Partnership
$4,824M
vs Budget +6.9% ↑
Impairment / reserve: $-66.0M
Treasury
$2,832M
vs Budget +4.9% ↑
Impairment / reserve: $-38.0M
Other Banking Assets
$758M
vs Budget +2.4% ↑
Impairment / reserve: —
Other Assets
$269M
vs Budget +7.6% ↑
Impairment / reserve: —
Medium-term funding ~88% of liabilities (Bonds & Sukuk dominant).
Analyst commentary
Insight
Treasury outperformance is buffering CB COF pressure. G&A and impairment run above plan — watch Staff Cost and Corporate Expenses.