Wednesday 13 July 2011

Al Rajhi leads the way among Saudi banks - The National

Al Rajhi, the Middle East's largest lender by market capitalisation, set the tone for what is shaping up to be a jubilant earnings parade for Saudi Arabian banks.

Al Rajhi posted net profit of 1.84 billion riyals in the three months to the end of June, compared with 1.78 billion riyals in the same period last year.

The bank also said its board recommended a dividend of 1.25 riyals for the first half of this year, keeping in line with a regular cash dividend it has distributed for the past few years.

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