Saudi banks’ aggregate profit slumps 38% to SAR 2.91 bln in April

Last Updated Date (01/06/2020) Argaam Report

Saudi-listed banks reported a 38% plunge year-on-year (YoY) in aggregate net profit before Zakat and tax to SAR 2.91 billion in April 2020, data from the Saudi Arabian Monetary Authority (SAMA) showed.

 

The sector’s aggregate earnings dro

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