RIYADH: Saudi Arabia’s banking sector began the third-quarter earnings season on a positive note, with six lenders reporting combined net profit of SR19.83 billion ($5.29 billion), up 5.3 percent from a year earlier. Higher financing income supported earnings despite rising costs at some banks, data analysed by Arab News from financial results published on the Saudi Exchange showed. This offers an early indication of the sector’s performance, with more lenders due to report their financial res