Financial and Banking News
Saudi Banks Show Big Q3 Profit Growth
Six of the twelve Saudi Arabian commercial banks which have so far reportedunaudited results for the third quarter of the year are showing big increases inprofits, loans and total assets. This confirms a pattern set earlier this year,when most of the commercial banks finally emerged from the doldrums in whichSaudi banking has languished over the past five years. Al Rajhi Banking and...