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Al-Rajhi makes first profit rise in 3 quarters

Riyadh, October 9, 2007

Al Rajhi Banking and Investment Corp, the largest Gulf Arab bank by market value, said profit rose 0.15 percent in the third-quarter to 1.69 billion riyals ($451.7 million), the first rise in three quarters.

Analysts' forecasts for the third quarter ranged from 1.57 billion riyals to 1.72 million riyals, according to a Reuters survey last month. - Reuters




Tags: banking | Al-Rajhi |

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