Saudi Rajhi's Q3 loan loss provision at 2009 high

RIYADH, Oct 27 (Reuters) - Saudi Al-Rajhi Bank 1120.SE, the world's biggest Islamic lender by market value, booked in the third quarter the highest amount of provisions for loan losses this year, bourse data showed on Tuesday.

Rajhi made provisions worth around 594 million riyals ($158.4 million) in the three months to end-September against 421.6 million riyals during the previous quarter, the data showed.

The third-quarter loan loss provision is so far the highest made by a single listed Saudi bank since concerns over the solvency levels of heavily indebted Saudi conglomerates Saad Group [SAADG.UL] and Ahmad Hamad Algosaibi & Bros started to surface in June.

The two conglomerates are at the centre of an estimated $22 billion debt restructuring.

(Reporting by Souhail Karam; Editing by Natsuko Waki)