Categories: Business

Alinma Bank sees 31% surge in profit on higher operating income


Tue, 2022-10-25 16:50

RIYADH: Saudi-based Alinma Bank has posted a 31 percent surge in profits during the first nine months of 2022.

The bank’s profit jumped to SR2.7 billion ($718 million) for the period ending Sept. 30, compared to SR2.1 billion in the same period the previous year, according to a bourse filing.

The bank said that the results were driven by a 17 percent increase in total operating income for the period despite higher operating expenses of 5 percent.

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