Saudi Arabia’s Al Rajhi Bank Q2 net profit at high end of forecasts

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Time : July 26, 2018

Banks and petrochemical stocks weighed on the Saudi market, with bellwether Al Rajhi Bank slipping 0.4 percent. (Courtesy of Gulf Business)

The bank made 2.57 billion riyals ($685 million) in the three months to June 30, up from 2.18 billion riyals in the same period a year earlier, it said in a statement via the stock exchange.

The average forecast of three analysts surveyed by Reuters was a net profit of 2.41 billion riyals.

This article was first published in  Alarabiya

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