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Al Rajhi posts Q4 profit

Saudi Arabia's largest lender, Al-Rajhi Bank, has reported a 3.2% rise in fourth-quarter profit, as lending slowed in the Arab world's biggest economy, Bloomberg has reported. The lender's net income rose to SR1.47bn ($392m) from SR1.42bn in the year-earlier period. Deposits and assets also grew by the end of the year 3.4% to SR121bn and 4.9% to SR171bn, respectively.

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