VOL. XLVII

No 15

12-April-2004

SAUDI ARABIA

CAPITAL MARKETS

Saudi Corporate Profitability Records Strong Growth In 2003

Saudi corporate profits recorded a year of strong growth in 2003, with 42 of the 71 companies listed on the Saudi stock market collectively increasing their net profitability by over 60%, according to National Commercial Banks (NCB) Market Review & Outlook of 29 March. The sample of 42 companies chosen by NCB had all reported 2003 results by 10 March 2004, and together account...