VOL. XLV
No 7
18-February-2002
SAUDI ARABIA
Saudi Banks Produce SolidPreliminary 2001 Results
The first few Saudi banks to issueheadline results for the year 2001, pending the publication of fully audited accounts,show little signs of having incurred any major downturn in their financialperformance, despite 11 September, lower oil prices and global economicrecession. Of the seven banks whose preliminary headline figures MEESacquired, only one, al-Rajhi Banking and Investment Corporation, has...
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