NO. 5


Financial and Banking News

Regional Banking

Saudi Cairo Bank Finally Makes a Profit

Saudi Cairo Bank, for years the sick man of Saudi banking after heavy lossesin precious metals trading in the early 1980s, is showing net profit for thefirst time since 1984, according to the unaudited third quarter results releasedlast week. The bank, which has in the past required massive transfusions ofstate aid to avoid collapse, and is now owned 50% by the Public Investment...