Financial Results
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Saudi Arabia’s largest bank posts 27% rise in net profit
National Commercial Bank, Saudi Arabia’s largest bank by assets, on Saturday posted a 27 percent increase in profit for last year. Net income for 2011 rose to SR6.012bn ($1.6bn) compared with SR4.724bn a year earlier, the state- owned bank said in an e-mailed statement. Profit gained as “income from core…
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Click here to read the full story: Arabian Business