12.07.2010 - Al-Rajhi second-quarter net rises to $470 mln
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
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