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Riyad Bank posts 5.8% rise in Q3 profit
- Saudi Arabia: Thursday, October 11 - 2012 at 01:35
Saudi lender Riyad Bank has announced its third-quarter profits rose 5.8%, on higher total operating income, missing analyst forecasts, Reuters has reported. Analysts had forecast average profit of SR860m, while the kingdom's third-largest listed bank by market capitalisation reported net earnings of SR840m ($224m) in the three months ending September 30, compared with SR794m in the same period last year.
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