Saudi Arabia’s biggest listed bank by stock market capitalization, Al-Rajhi Group, has posted a 3.5 percent fall in third-quarter net profit.

Al-Rajhi reported net earnings of SR 1.87 billion in the three months ended Sept. 30, compared with SR 1.94 billion in the same period last year.

Total operating profit for the quarter rose 14 percent to SR 3.64 billion, while total funding jumped 23 percent year on year to SR 166 billion.