Saudi Investment quarterly profits Rise 3.7%

The Saudi Investment Bank achieved a net profit of 531 million Riyals in the second quarter of the year, representing a 3.7% increase compared to the same period last year, with total operating income growing by 3.4%. Operating expenses rose by 2.3%, while income from private commissions declined slightly by 0.7% due to a 22.2% decrease in financed commissions income. The bank plans to increase its capital by 20% through the issuance of Riyal-denominated sukuk, aiming to strengthen its capital base and support growth and expansion.

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