VOL. XLIV

No 30

23-July-2001

SAUDI ARABIA

NCB Nets Around $394Mn In2000 But Likely To Maintain Dividend Withholding Policy

Extrapolation from figures released earlier thismonth for operating income and the annual provisioning cost disclosed in aninterim statement, reveal that Saudi Arabias National Commercial Bank (NCB),netted profits of (and replenished reserves by) around SR1.48bn ($394mn) in theyear 2000 (MEES, 16 July). The 38.2%rise in operating profit achieved in the first half of 2001...