Saudi British Bank (SABB), an affiliate of global giant HSBC Holdings, has recorded a net profit of SR2.4 billion ($640 million) for the first six months of 2018.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…92 Views | the publication reaches you by | Saudi Arabia Today
It added that operating income of SR3,653 million for the six months was up marginally by 0.8 percent on H1 2017.
Total assets were broadly stable at SR183 billion, SABB said in a statement.
Sheikh Khaled Olayan, chairman of SABB, said:
“SABB continued to contribute to the national economic transformation agenda while growing shareholder value through resilient financial results for the first half of 2018. The bank remains well capitalised and highly liquid to support future growth.”
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