Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported an increase of more than 16 per cent in its 2022 profit as total operating income rose and impairment charges decreased.
Net profit for the period ended December climbed to more than 17.15 billion Saudi riyals ($4.6 billion) from 14.75 billion riyals a year earlier, the Riyadh-based bank said on Monday in a statement to the Tadawul, where its shares are traded.
Total…
