Regulation, Risk & Compliance
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Saudi banks’ aggregate profit reaches 14-month high of $2bn
Saudi banks aggregate profit reached a 14-month high of SR7.33 billion ($1.96 billion) in May, marking an annual 16 percent rise, newly released data has revealed. According to the Saudi Central Bank, also known as SAMA, these figures represent profits before zakat and taxes. Cumulatively, from the beginning of the…
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Click here to read the full story: Arab News