Saudi bank SABB's Q4 net profit rises 16.3%, misses forecasts | ZAWYA MENA Edition:
"Saudi British Bank (SABB), the kingdom's sixth-largest lender by assets, reported a 16.3 percent rise in its fourth-quarter net profit on Tuesday, missing analysts' forecasts.
The bank, an affiliate of HSBC Holdings, said it made 706 million riyals ($188 million) in the three months ending Dec. 31, compared with 607 million riyals in the same period a year earlier, according to a bourse filing.
Three analysts surveyed by Reuters had expected the bank to post an average net profit of 946.5 million riyals for the quarter."
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