VOL. XXXI

NO. 24

21-MARCH-1988

Financial and Banking News

REGIONAL BANKING

SAIB Recovery Runs Out of Steam as USCB Loss Persists

A recovery in net earnings at Saudi Investment Bank (SAIB) during 1987appears to have run out of steam during the final quarter of the year, accordingto highlighted results released last week. SAIB declared a SR4.0mn profit for1987, well up from 1986's slim SRl.3mn profit, but something of adisappointment after its unaudited quarterly results in 1987 showed a SR4.4mnnet...