Middle East Economic Survey

VOL. XLVII

No 35

30-August-2004

SAUDI ARABIA

TRADE AND COMMERCE

Saudi Companies See Strong First Half Growth, Says NCB Report

After achieving a 61.4% profitability growth in 2003 the Saudi corporate sector appears to be heading towards another year of record profitability growth, said National Commercial Banks (NCB) Economics Department in its Market Review & Outlookpublished on 9 August. As of 31 July, 53 of the 72 listed companies have reported first-half results,...