Saudi’s Al Rajhi Bank posts fourth straight quarterly profit drop | The National:
"Al Rajhi Bank posted a fourth successive quarterly profit decline as its second-quarter earnings fell 8.2 per cent year-on-year, with Saudi Arabia’s largest listed lender hit again by higher provisioning.
The bank said it made 1.95 billion Saudi riyals in the three months ending June 30, compared with 2.12bn riyals in the same period a year earlier, citing an increase in total operating expenses for the drop without elaborating.
Saudi companies issue brief earnings statements early in the reporting period before publishing more detailed results later."
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