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Islamic Finance Briefing - Categorized | Banking, Performance more

Alinma Bank logs loss in Q1; SHB profit falls

Posted on 16 April 2010

From Saudigazette.com.sa: Newly launched Saudi bank Alinma made a SR75 million ($20 million) net loss due to increased operational costs and a decline in revenues.
The bank, which opened its first retail banking branches in July, made a net profit of SR109 million in the first quarter of 2009…………………..Full Article: Source

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