Riyadh-Mubasher: Al-Rajhi Bank’s earnings for the first quarter of 2015 came in line with forecasts of SAR 1.550 billion, Albilad Capital said in a report.

The Tadawul-listed lender recorded SAR 1.519 billion in net earnings in Q1-15, falling 10.96% year-on-year from nearly SAR 1.71 billion and 0.1% quarter-on-quarter from SAR 1.52 billion.

The research firm recommended ‘Neutral’ on the stock, with a target price of SAR 63.