SABB posts 26% profit rise

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Besides an increase in total operating income, SABB said the rise in associate earnings also contributed to the results.
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October 20, 2022 3:07 pm
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  • The bank said in a bourse filing that it recorded a profit of $746 million in the same period of the last year
  • SABB said the rise in associate earnings also contributed to the results

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.

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