Bank Aljazira receives SAR 1.14 bln ​​from Jeddah land contract

06/05/2015 Argaam

Bank Aljazira said in a statement it received a ​SAR 1.14 billion profit after notarizing its Jeddah land contract.

The Saudi lender said a one-off earning amounting to SAR 572.65 million will be recorded in second quarter earnings.

Last January, Bank Aljazira sold a land plot in Jeddah for SAR 750 per square meter, totaling SAR 1.19 billion, according to data compiled by Argaam.

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