Saudi Awwal Bank Qtrly Profit Rises

SAUDI AWWAL BANK 1060:

• QTRLY NET PROFIT 2,043 MILLION RIYALS VERSUS 1,765 MILLION RIYALS YEAR AGO

• QTRLY TOTAL INCOME FROM SPECIAL COMMISSION OF FINANCING 3,733 MILLION RIYALS VERSUS 2,799 MILLION RIYALS YEAR AGO

• PROVISION FOR EXPECTED CREDIT LOSSES DECREASED BY 65% IN Q1