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Riyad Bank posts 30pc jump in Q3 profits

Riyadh, October 15, 2011

Saudi's Riyad Bank  posted a 30 per cent rise in its third-quarter net profit, according to a bourse statement, beating analysts forecasts.

The firm made a net profit of 794 million riyals ($211.7 million ) in the three months ending September 30, compared with 611 million riyals in the same period a year earlier.

Analysts surveyed by Reuters expected the firm to post on average, 784.6 million riyals in the third-quarter. -Reuters




Tags: Saudi | Riyad Bank |

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