VOL. XLIV
No. 04
22-January-2001
SAUDI ARABIA
NCB Announces Operating Profits Of $0.44Bn But No Dividend Payment
Eighteen months since its last official statement regarding its financial results, National Commercial Bank (NCB) of Saudi Arabia formally announced on 16 January its financial results for both 1999 and 2000. NCB said that it had achieved operating profits of SR1.67bn ($0.44bn) in 2000 compared to SR1.54bn ($0.41bn) in 1999 (MEES, 5 July 1999). In a statement, the bank quoted its...
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