Financial Results
Islamic Finance
Retail Banking
Uncategorized
Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges
Al Rajhi Bank, the biggest lender in Saudi Arabia by market capitalisation, reported a 7 per cent drop in its first-quarter net profit as provisions for bad loans rose and operating expenses climbed amid the coronavirus outbreak. Net profit for the three months ending March 31 declined to 2.38 billion…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: The National