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Saudi Arabia's Samba bank Q1 net profit down 7.4 pct

Samba Financial Group’s first quarter net profit fell 7.4 percent year-on-year, Saudi Arabia’s third-largest bank by assets said in a statement on Thursday. The bank, which made a net profit of 1.2 billion riyals ($320.00 million) in the first three months of the year, said the drop was due to…

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