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Banque Saudi Fransi first-quarter net profit up 12% on higher operating income

Banque Saudi Fransi posted a 12 per cent increase in first-quarter net profit as operating income rose and expenses fell. Net profit for the three months ending March 31 increased to 875 million Saudi riyals ($233m), Saudi Fransi said in a statement to the Tadawul stock exchange on Sunday. The…

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