Financial and Banking News
REGIONAL BANKING
SIB Profits Fall, Capital to Increase
The London-based Saudi International Bank (SIB), which is 50% owned by the Saudi Arabian Monetary Agency (SAMA), has reported its second successive year of declining profitability and announced a forthcoming increase in its capital. SIB's pre-tax income declined by 6.8% in 1986 to £17.8mn, which is nearly a quarter less than in 1984. Total shareholders' funds increased steadily despite a...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!