Alinma Bank “attractive” on good Q2 results: Saudi Fransi Capital

12/07/2015 Argaam

Alinma Bank stock is attractive in the medium-term as the bank enjoys a strong capital base and diversified portfolio, said Saudi Fransi Capital in a note.

 

The lender’s second quarter net profit of SAR 365 million has beaten forecasts, the investment arm of Saudi Fransi Bank added.

 

Saudi Fransi Capital has maintained its “buy” rating on Alinma Bank and its target share price of SAR 28 per share. 

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