NO. 39


Financial and Banking News

Bank Results

Saudi Cairo Confirms Turnaround with Best Results for Years

Jeddah-based Saudi Cairo Bank generated pre-provision profits of SR36.1mn in1990, its best result for many years. The bank will announce a furtherimprovement during the first week of July when it publishes its results for thefirst half of 1991. Operating profits for the six months of 1991 are expected tobe roughly the same as those for the whole of 1990. The bank's...