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Al Rajhi Bank witnesses a decline in profits during the first half of 2024
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Economy News - Baghdad
[rtl]Al Rajhi Bank of Iraq announced its financial results for the first half of 2024, which showed a 47% decrease in net profits, amounting to 2.7 billion dinars, compared to 5.4 billion dinars in the same period of the previous year.[/rtl]
[rtl]This decrease is due to a 47% decline in revenues, reaching 3.6 billion dinars, in addition to a slight decrease in total assets by 8%, reaching 358 billion dinars.[/rtl]
[rtl]Despite these challenges, the bank’s financing and investment portfolio witnessed strong growth, with financing increasing by 154% to reach KWD 108.8 billion. On the other hand, investment decreased by 3% to reach KWD 168.9 billion.[/rtl]
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Added 2024/08/18 - 10:24 AM
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Economy News - Baghdad
[rtl]Al Rajhi Bank of Iraq announced its financial results for the first half of 2024, which showed a 47% decrease in net profits, amounting to 2.7 billion dinars, compared to 5.4 billion dinars in the same period of the previous year.[/rtl]
[rtl]This decrease is due to a 47% decline in revenues, reaching 3.6 billion dinars, in addition to a slight decrease in total assets by 8%, reaching 358 billion dinars.[/rtl]
[rtl]Despite these challenges, the bank’s financing and investment portfolio witnessed strong growth, with financing increasing by 154% to reach KWD 108.8 billion. On the other hand, investment decreased by 3% to reach KWD 168.9 billion.[/rtl]
[rtl]To see the latest news, follow us on Telegram[/rtl]
[rtl][You must be registered and logged in to see this link.][/rtl]
93 views
Added 2024/08/18 - 10:24 AM
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