Riyadh – Mubasher: Al Rajhi Bank posted 32.78% growth in earnings for the first quarter of 2016, according to a bourse filing posted Sunday.
The Tadawul-listed bank generated SAR 2.02 billion ($537.85 million) in net profit, up from SAR 1.52 billion ($405 million) in the prior-year period.
The profit rise was ascribed to an 8% increase in total operating income, coupled with a 11.9% decline in total operating expenses.
