Alinma Bank’s Q2 net profit of SAR 365 million beat Alistithmar Capital’s expectations of SAR 351 million, as growth in assets and loans as well as the quality of loans supported, the brokerage firm said in a report.
The investment arm of Saudi Investment Bank said it maintained its “neutral” rating of the stock and raised its target price from SAR 23 to SAR 24 per share.
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