Saudi's Al Rajhi Bank Q4 net profit rises 20 pct:
"Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 19.8 percent rise in its fourth-quarter net profit on Sunday, broadly in line with analysts’ forecasts.
The bank made 2.45 billion riyals ($653.4 million) in the three months to Dec. 31, up from 2.05 billion riyals in the same period a year earlier, it said in a bourse statement.
Three analysts surveyed by Reuters had on average forecast the bank’s quarterly profit would be 2.28 billion riyals."
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