16.6000
Change
-0.0600
Change %
0.3601%
Open
16.6600
Close
16.6000
High
16.6600
Low
16.5800

SAIB posts 3.4% rise in full-year profit

2019-02-03 15:08:24 GMT (Economies.com)
 

Saudi Investment Bank (SAIB) on Sunday posted a 3.4% increase in net profit for the fiscal year ended December 31, 2018 to SAR 1.5 billion, compared with SAR 1.4 billion a year earlier, according to a bourse statement.

 

Net commissions income amounted to SAR 2.3 billion, the same level recorded in FY17.

 

The bank ascribed the increase in FY18 net profit to a rise in total operating profit by 1.99%, backed by a rise in net special commissions income, banking service fees income, and forex transfer profits.

 

The bank earlier posted SAR 1.08 billion net profit for the first nine months of 2018, compared with SAR 1.05 billion in prior-year period.

 
 
 
  Symbol Last Change Chg.%
1.1739
0.0025
0.2143%
1.3720
0.0044
0.3232%
Tadawul
11270.57
-40.58
0.36%
22.681
0.381
1.708%
73.440
2.507
3.534%
77.41
0.17
0.22%
1752.565
-4.240
0.241%
 
 
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