- DUBAI: Samba Financial Group posted first-quarter net profit of SR1.15 billion, it said on Saturday, nearly matching analysts forecasts.
- The Kingdom's second largest listed lender by market value said that its first quarter net profit increased by 2 percent year-on-year, due to a jump in operating income.
Total operating profit for the quarter rose by 5.6 percent on the year to SR1.79 billion.
Profit from special commissions dropped by 0.5 percent in the first quarter compared with the same period last year, while loans and advances at the end of the quarter stood at SR93 billion, up from SR81 billion a year earlier.
Bank lending to businesses has surged in the Saudi market in recent months, government figures showed in February.

