Riyad Bank Q3

Riyad Bank, Saudi Arabia’s fourthlargest lender by assets, posted an 8.2 percent rise in third-quarter net profit on Thursday, in line with analysts’ forecasts.

The bank made 1.17 billion riyals ($311.9 million) in the three months to Sept 30, up from 1.08 billion riyals in the same period a year earlier, it said in a bourse filing.

An average of three analysts polled by Reuters forecast the bank would make a quarterly profit of 1.15 billion riyals. (RTRS)