Financial and Banking News
Saudi Hollandi Profits below Expectations
Al-Bank al-Saudi al-Hollandi has reported profits for 1988 of SR37.9mn, whichis well below expectations and lower than the unaudited profit declared forthe third quarter of the year (MEES, 14 November 1988). Matching the lower thanexpected profit for the year, Saudi Hollandi's end-year provisioning charge ofSR95mn is higher than was indicated by the third quarter results, which showed...
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