Saudi lender Samba says Q1 net profit rises 6 pct | Reuters:
"Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported a 6 percent rise in first-quarter net profit on Wednesday, in line with analysts’ forecasts.
The bank made a profit of 1.3 billion riyals ($347 million) in the three months to March 31, up from 1.2 billion riyals in the same period a year earlier, it said in a bourse statement.
SICO Bahrain had forecast the bank would make a profit of 1.33 billion riyals, while EFG Hermes forecast a profit of 1.28 billion riyals."
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