The Saudi Investment Bank convinces with full-year results

13/01/2015 18:54 AST

The Tadawul All-Share Index advanced by 0.65 per cent to reach 8,491.68 points on Tuesday, January 113.

The Saudi Investment Bank closed 0.43 per cent higher at SAR25.70. Earlier in the day, the lender said the net income for the 12-month period in 2014 edged up by SAR1.4365 billion ($388 billion). The reason for the performance was based on an increase in operating income. The operating income increased occurred also due to a change in accounting treatment of the bank's investment in one of its associates.

The shares of SABIC, the market leader, slipped 0.68 per cent to SAR76.50.


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