Riyad Bank Net Operating Profit Rises

Author: 
Reuters
Publication Date: 
Thu, 2005-07-07 03:00

RIYADH, 7 July 2005 — Riyad Bank’s first-half net operating profit rose 26 percent to SR1.164 billion ($309 million), the Saudi Arabian bank said yesterday. It said an additional SR296 million from the sale of land owned by the bank brought total net profit for the first six months to SR1.460 billion.

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