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Saudi’s Al-Rajhi Bank posts 13.5% rise in Q4 net profit

Saudi Arabia's biggest Islamic lender Al-Rajhi Bank has posted a 13.5% rise in fourth quarter net profit to SR1.66bn from SR1.47bn in the fourth quarter of 2009, Reuters has reported. Net income from lending in the fourth quarter went up 3% to SR2.14bn. Total financing during the quarter grew 7.14% to SR120bn, the bank said.