Rajhi bank first-half net profit up

12 Jul, 2004

Al Rajhi Banking and Investment Corp, Saudi Arabia's largest listed bank, said on Sunday its first-half net profit rose to 1.37 billion riyals ($365.3 million), up 49.5 percent from a year earlier.
Total operating income reached 2.4 billion riyals, it said in a statement posted on the official Saudi bourse web site, without giving comparative figures. It said total assets were 69 billion riyals.
The bank has a market capitalisation of 57.3 billion riyals, or 7.2 percent of the Saudi bourse's total capitalisation.

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