Saudi Arabia’s Samba, Alawwal underline banking upturn | Arab News:
"Saudi Arabian banks showed more evidence of improving results on Wednesday with stronger fourth-quarter performances from two of the kingdom’s larger lenders.
Of the seven main Saudi banks to report so far, all have posted higher profits for the quarter, although few have done enough to beat market forecasts.
Samba Financial Group, Saudi’s third-largest bank by assets, was the latest to do so on Wednesday, recording an 11.4 percent rise in fourth-quarter net profit, in line with analysts’ expectations."
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