NO. 51


Financial and Banking News

Regional Banking

Saudi Cairo to Show SR52mn Operating Surplus for 1989

Jeddah-based Saudi Cairo Bank made an operating surplus of about SR52mn(13.9mn) in 1989, all of which will be transferred to reserves. The bank wasexpected to hold a board meeting on 23 September to consider the accounts andthe annual general meeting is planned for the end of October to approve them (MEES, 10, September). Saudi Cairo is the only one of the kingdom's...