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Leading Saudi banks, including HSBC affiliate SABB and the kingdom’s biggest Islamic lender Al Rajhi Bank, today reported impressive profits for the first quarter of this year.
SABB posted a 13.7 percent rise in first-quarter net profit, beating analyst forecasts. The bank cited lower operating expenses as the reason for its performance in a statement posted on the website of the Saudi bourse………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Performance more
Saudi banks post impressive profit growth
| Posted on 11 April 2012 |
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