RIYADH: Riyad Bank has seen its profit soar by 13 percent to SR5 billion ($1.3 billion) in the first nine months of 2022, sending its stock higher.
The bank saw its shares increase 1.70 percent at 10:08 a.m. Saudi time to reach SR36.
This is up from SR4 billion in the same period a year ago, according to a bourse filing.
The profit hike was buoyed by higher operating income, due to an increase in earnings from net special commissions, fees and commissions, and exchanges, the bank said.
BBC News presenter Maryam Moshiri has revealed she is living with blood cancer. Moshiri, who…
Amid considerable uncertainty over global economic growth, the prospect of higher interest rates and long-term…
RIYADH: Eight Islamic and Arab countries on Sunday condemned Israeli plans for the removal of…
RIYADH: Companies listed across the Gulf Cooperation Council posted a record $74.8 billion in net…
RIYADH: Saudi foreign minister Prince Faisal bin Farhan bin Abdullah received a phone call from…
JEDDAH: “Our Cut of Salt” is an extraordinary debut partly because it understands that the…