The profits of Alinma Bank in the first quarter of this year increased by 16.2% to reach 1.29 billion riyals, compared to 1.11 billion riyals in the profits for the same period in 2018.

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The bank said in a statement to the Saudi market today, Sunday, that the increase in quarterly profits is due to the increase in income from operations 16%, and from financing and investment 2%, and from fees and banking services 32%.

The profits of Alinma Bank rose 25.4% in the last year, to reach 2.52 billion riyals, compared to 2.01 billion riyals in 2017 profits.

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