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...
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