The Saudi Al-Rajhi Banking and Investment Corporation yesterday announced a 49.5% rise in profits for the first six months of 2004, compared to the same period last year.
The Corporation posted a net profit of SR1.368 billion ($364.8 million) in the first half of 2004. In the same period of last year the bank’s profits were SR915 million ($244 million). Chief Executive Officer Abdullah Al-Rajhi said that the increase in profits reflected a constant growth in the Corporation’s operations.
Source: SPA
