Browse
related articles
Saudi bank profits rise
- Saudi Arabia: Monday, December 30 - 2002 at 13:28
Interim results of Saudi Arabia's nine listed commercial banks show mixed outcome until September 2002, with overall net income dropping by 0.8 percent to SR6,188 million compared to SR6,238 million during the first three quarters of 2001. This decline was attributed to a drop of 15.8 percent and 22.2 percent in Saudi American Bank's (SAMBA) and Al-Rajhi's net profits, respectively. Meanwhile, the other seven listed commercial banks have continued to enjoy double-digit growth rates in net profits, as economic conditions continued to improve, owing to stronger than expected oil prices and record low interest rates.
Related Content
Article Options
Log in to request more information
Peter J. CooperMonday, December 30 - 2002 at 13:28 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
This article was updated on Sat Jan 11 2003.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
