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Riyad bank stocks trade higher after bank announces surge in Q4 earnings, beating estimates

Shares in Saudi Arabia’s Riyad Bank rose on Thursday, as the bank reported a 38.6 percent surge in fourth quarter (Q4) net profit 2018. Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, recorded a Q4 net profit for 2018 of 1.35 billion Saudi riyals ($360 million), compared to 974 million…

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