Al-Rajhi Bank

Net Quarterly Profit for Al Rajhi Dips 2.8%

Net Quarterly Profit for Al Rajhi Dips 2.8%Meeting the analyst’s expectations, Al-Rajhi Bank has posted a dip of 2.8% in the quarterly profit, as it had put in reserve cash for bad loans. Al-Rajhi is the biggest known lender of Saudi Arabia by market value. The average financing increased 6.2% to 117 billion Riyals, and the rise in the customer deposit was inclined 8% to 120 billion Riyals.

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