VOL. XXXV
NO. 19
10-FEBRUARY-1992
Financial and Banking News
Bank Results
Samba's Profits Rise again, Confirming Saudi Banking Trend
Riyadh-based Saudi American Bank (Samba) has reported profits of SR751.6mn($200mn) in 1991, a 43% increase on 1990 and its highest profits ever. The boardis recommending a gross dividend of SR522.6mn, which is 70% of profits andequates to SR84 per share after deduction of Zakat, but before foreign taxation.Managing Director Mehli Mistri told MEES that reasonable...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!