Thursday 26 December 2024
 
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Saudi affiliate

HSBC Saudi unit Q2 net plunges 34 per cent

HSBC's Saudi affiliate SABB bank, the fifth-largest Saudi bank by market value, posted a worse-than-expected 34 per cent fall in second-quarter net profit. SABB made SR447 million ($119.2 million) after SR676 million in the three month

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