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Al-Jazira Bank Q3 profit hits 471.6M Riyals
Al Jazira Bank's profits increased during the third quarter of 2026 by 17.87% year-on-year, reaching 471.6 million riyals compared to 400.1 million riyals in the same period last year. Additionally, its profits for the quarter grew by 6.50% compared to the previous quarter, due to an 18% rise in income from financing and investment operations, driven by an increase in net financing income, dividend profits, and net currency income. The bank's profits for the first nine months of 2026 also saw a 15.41% increase, amounting to 1.32 billion riyals. The bank attributed the rise in profits to higher operating income, despite an 8% increase in operating expenses, particularly employee salaries and provisions.
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