VOL. XLIV
No. 09
26-February-2001
SAUDI ARABIA
Samba Reports Profit Of $535Mn For 2000
Saudi American Banks (Samba) financial statements for 2000 largely fulfill the banks pledge that the years results would show a return to former profitability levels, and in so doing finalize the absorption of United Saudi Bank (MEES, 21 February 2000). In a statement issued on 31 January, the bank announced a net profit of SR2,005mn ($534.7mn), a rise of 122% over the previous year, when due to extraordinary...
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