Al Saudie Francaise Announces 1.4B Riyals Profit
The Saudi French Bank achieved a 6% increase in its second-quarter profits, with net income reaching approximately 1.5 billion riyals compared to 1.4 billion in the same period last year. This growth was driven by a 5.2% rise in total operating income, along with a slight increase in operating expenses by 2.1%. Additionally, the board approved the distribution of cash dividends valued at 1.4 billion riyals for the first half of the year, equivalent to 0.57 riyals per share after zakat deduction. This approval came after the Saudi Central Bank's endorsement, with the distribution date scheduled according to the shareholders' table.
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