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09-Feb-2016

Riyad Bank to report gain of SAR201 million from plot sale in 1Q2016

According to Bloomberg, Riyad Bank will report profit of SAR201 million from a sale of plot in 1Q2016. The bank had reached a preliminary agreement to sell the land in Jeddah in January. (Bloomberg)   Riyad Bank: SAR11.14 as of 08 February 2016, Rating: Neutral, FV: SAR14.00 per share, MCap: USD8,912 million, RIBL AB / 1010.SE

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