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Saudi Hollandi sees 26% net profit boost

Saudi Hollandi Bank, the eighth-largest lender in the kingdom, has posted a 26.2% increase in its second-quarter net profit due to higher operating income and lower costs, Reuters has reported. The lender made a net profit of SR332.3m ($88.6m) in the three months ending June 30, compared with SR263.3m in the same period a year earlier. The bank attributed the result to lower costs and higher operating income, which rose by 12.1% in the second quarter to SR554.9m from SR495.2m in the same period a year earlier.