Gulf News

Saudi Al Jazira Bank profit plunges 56%

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Saudi Al Jazira Bank’s first-quarter profit plunged almost 56 per cent on a decline in brokerage commission­s and other fees after the Saudi bourse crashed. Net income in the three months to March 31 was 302 million riyals ($80.5 million), or 2.69 riyals per share, compared with 683 million riyals in the year-earlier period.

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