Financial and Banking News
Riyad Bank Reports Higher 1987 Profits
Riyad Bank, which is based in Jiddah and is the second largest bank in SaudiArabia ranked by total assets, reported profits for the 10-month periodMarch-December 1987 of SR155mn, representing a 10.6% increase over its profitsin the equivalent period of its previous financial year. Riyad Bank has alwaysreported its results on a lunar year basis, but its 1987 results are the firstto be...
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