Financial and Banking News
REGIONAL BANKING
NIC Posts $11.5mn Profit for Financial Year Ending 1986
The National Industrialization Company (NIC) of Saudi Arabia has reported a net profit of SR43.3mn ($11.5mn) in its first financial year of operation, which covers the period May 1985 to December 1986, according to the company's Annual Report. The company has also invested a total of SR114mn ($30.4mn) in various projects during the period under review and has generated total revenues of...
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