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FINANCIAL NEWS
Saudi Arabian Alawwal Bank profits fall 40%
29 Jul 2017
(MENAFN) The oldest bank in Saudi Arabia, Alawwal Bank had reported a fall in net profit for Q2 by 40% as impairment charges weighed on the lender.
In its worst perofrmance for the quarter among Saudi banks, the lender, made a profit of 322 million riyals (USD86 million).
However, it was below expectations and down from 540 million riyals in the corresponding quarter of 2016.
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MENAFN2907201700450000ID1095667764
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