Saudi’s Al Rajhi Q1 net profit rises 1 percent

RIYADH, (Reuters) – Saudi Arabia’s Al-Rajhi Bank (1120.SE) said its first-quarter net profit rose 1 percent from the same period a year earlier. Al-Rajhi made a net profit of 1.7 billion riyals ($453 million) in the three months to end-March, compared to 1.68 billion riyals in the same p

Asharq Al-Awsat Editorial
Saudi’s Al Rajhi Q1 net profit rises 1 percent

RIYADH, (Reuters) – Saudi Arabia’s Al-Rajhi Bank (1120.SE) said its first-quarter net profit rose 1 percent from the same period a year earlier.

Al-Rajhi made a net profit of 1.7 billion riyals ($453 million) in the three months to end-March, compared to 1.68 billion riyals in the same period a year earlier, according to a bourse statement.