Riyadh, Saudi Arabia— Saudi British Bank has recorded a 26-percent surge in profits in the first nine months of 2022.
The bank posted $931 million profit for the period ending on Sept. 30, largely due to a rise in operating income.
The bank said in a bourse filing that it recorded a profit of $746 million in the same period of the last year.
Besides an increase in total operating income, SABB said the rise in associate earnings also contributed to the results.