15 Hrs
Source:
الاقتصادية
Saudi French Bank reports 1.4B riyals profit
The Saudi French Bank achieved a 6% increase in its second-quarter profits, with a net income of approximately 1.5 billion riyals, compared to 1.4 billion in the same period last year. This growth was supported by a 5.2% rise in total operating income, driven by higher income from commissions, fees, foreign exchange, and trading activities. Additionally, the profits for the first half of the year reached 2.87 billion riyals, marking a 4.6% increase compared to the previous year. The Board of Directors decided to distribute cash dividends amounting to 1.4 billion riyals for the first half, with each share receiving a dividend of 0.57 riyals after zakat deductions. The Saudi Central Bank approved the dividend distribution.
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