VOL. XLV

No 29

22-July-2002

SAUDI ARABIA

NCB Posts $374Mn Profits For First Half 2002

NationalCommercial Bank of Saudi Arabia has issued results for first half 2002 showing a rise innet operating profits of 49% to SR1,403mn ($374.1mn)compared to SR944mn ($251.7mn) for the same period last year (a figure reviseddownwards from SR1,184mn $315.7mn MEES,16 July 2001). The bankmade capital gains of SR229mn ($61mn) which were included in this figure. 'Abd Allah Bahamdan, Chairman andManaging Director...