Riyadh – Mubasher: Saudi Arabia’s Samba Financial Group reported a 24.7% year-on-year profit decline during the second quarter of 2019, recording SAR 935 million.

Quarter-on-quarter, Samba’s profit declined by 12.2% in Q2-19, from SAR 1.07 billion in the previous quarter, according to a bourse statement released on Wednesday.

The Tadawul-listed company’s profit went down by 16.25% year-on-year to SAR 2.39 billion in the first six months of 2019.

Samba Financial Group reported a 7.4% year-on-year decrease in profits in the first quarter of 2019, registering SAR 1.2 billion.