Al-Rajhi Bank, the Kingdom’s biggest Islamic lender, on Tuesday posted an 18 percent rise in first-quarter net profit due to an increase in operational income, but it missed analysts’ forecasts.
Earnings for the three months ended March 31 rose to SR2.01 billion from SR1.70 billion a year earlier, the bank said in a statement posted on the website of the Saudi bourse………………………………………..Full Article: Source