From Bloomberg: Al-Rajhi Bank, Saudi Arabia’s biggest lender by market value, said second-quarter profit increased 0.5 percent as the Islamic lender maintained its “conservative” provisioning policies against bad loans.

Net income advanced to 1.78 billion riyals ($470 million) from 1.77 billion riyals in the year-earlier period, the Riyadh- based bank said in a statement on the Saudi bourse website today. That beat the 1.73 billion-riyal median estimate of four analysts…………………………………..Full Article: Source