Saudi’s Al-Ra­jhi Bank Q3 net profit up 16.7%

Kuwait Times - - BUSINESS -

DUBAI: Al Ra­jhi Bank, Saudi Ara­bia’s sec­ond-largest lender by as­sets, re­ported a 16.7 per­cent rise in its thirdquar­ter net profit yes­ter­day, meet­ing an­a­lysts’ fore­casts. The bank made 2.01 bil­lion riyals ($536.1 mil­lion) in the three months to Sept. 30, up from 1.72 bil­lion riyals in the same pe­riod a year ear­lier, it said in a bourse state­ment. Six an­a­lysts sur­veyed by Reuters had on av­er­age fore­cast the bank’s quar­terly profit would be 2.06 bil­lion riyals.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.