Saudi lenders, Al Rajhi Bank and Riyad Bank have reported higher fourth-quarter results on Tuesday, Reuters has reported. The kingdom’s biggest Islamic lender, Al Rajhi posted a 13.9% increase in its fourth-quarter net profit to SR1.899bn ($506.3m) in the three months ending December 31. Operating income for the fourth-quarter rose by 16% to SR3.3bn, while earnings from financing investments during the quarter increased 3.4% to SR2.29bn. Riyad Bank posted a 1.8% rise in quarterly net profit to SR778m. “The increase in income for the fourth-quarter … is mainly attributed to the rise in the bank’s gross operating income,” the bank said. Operating income climbed 11.2% to SR1.65m, compared with a year earlier.