Saudi’s Riyad Bank posts 30 pct rise in Q3 profits

JEDDAH, (Reuters) – Saudi’s Riyad Bank posted a 30 percent rise in its third-quarter net profit, according to a bourse statement, beating analysts forecasts. The firm made a net profit of 794 million riyals ($211.7 million ) in the three months ending September 30, compared with 611 mill

Asharq Al-Awsat Editorial
Saudi’s Riyad Bank posts 30 pct rise in Q3 profits

JEDDAH, (Reuters) – Saudi’s Riyad Bank posted a 30 percent rise in its third-quarter net profit, according to a bourse statement, beating analysts forecasts.

The firm made a net profit of 794 million riyals ($211.7 million ) in the three months ending September 30, compared with 611 million riyals in the same period a year earlier.

Analysts surveyed by Reuters expected the firm to post on average, 784.6 million riyals in the third-quarte