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Saudi British meets market forecasts with 65pc jump in 4Q results

Saudi British Bank, the lender 40 percent owned by HSBC Holdings Plc, reported a 65 percent jump in fourth-quarter profit, matching analysts’ estimates, as operating expenses declined. Net income rose to 655 million riyals ($175 million) from 397 million riyals a year earlier, the Riyadh-based lender said in a statement…

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