Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 40.1 per cent increase in first-quarter net profit . Simon Dawson / Bloomberg
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 40.1 per cent increase in first-quarter net profit . Simon Dawson / Bloomberg

Banking

Saudi Arabia's Al Rajhi Bank's first quarter profit surges 40% on stronger economic recovery

The country’s second-largest lender by assets reported a profit of more than $890m

Fareed Rahman
Fareed Rahman

April 21, 2021