The Saudi unit of Kuwait Finance House, the Gulf state's largest Islamic bank, made a 360 million riyals ($96 million) profit from the sale of a real estate project in the kingdom, the bank said in a regulatory filing on Sunday.
KFH sold the project for 1.5 billion riyals and that the profit will be reflected in the bank's first quarter financial results, the statement added.
The buyer of the project was not disclosed.
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