Ahli Bank Q1 profits slide 12 per cent

DUBAI Ahli Bank, the Omani provider of long-term loans for property construction and home purchases, said first-quarter profit fell 12 per cent. Net income declined to 1.41 million rials ($3.66m) from 1.61 million rials a year earlier, the Muscat-based bank said in a statement posted on the exchange's Web site yesterday.

 

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