Al Rajhi Bank has shown a net profit in the first quarter of this year by 40.1% on an annual basis.
By bank data for the Saudi market (Tadawul), on Wednesday, net profit for SR 3.72 billion, against earnings for the first quarter of 2020, reached 2.65 billion riyals.
The Bank attributed profits during comparative periods to a total income of operations 19.7%; This is mainly due to the high net financing, investment and income from banking fees and income from other operations, a decline in income from foreign exchange conversion.
