VOL. XLIV

No 37

10-September-2001

SAUDI ARABIA

NCB Reports 11.6% Rise In SaudiBanks 1H 2001 Profits, Its 1H Profit At Around SR842Mn

Thenine listed Saudi Arabian banks have reported an 11.6% rise in net profits forthe first six months of 2001, according to the latest Market Review & Outlook published on 3 September by theEconomics Department of National Commercial Bank (NCB). According to thereport, the kingdoms banking industry is expected to report another goodyear in 2001 and profit growth...