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51pc rise for Saudi British

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THE Saudi British Bank saw first quarter net profits rise 51 per cent to a record 88.5 million Riyals (about HK$182.43 million).

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The bank, 40 per cent owned by HSBC Holdings, raised its share capital by 150 per cent over the period to one billion riyals following the issue of 1.14 billion riyals of new shares in February.

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