VOL. XLIII
No. 06
7-February-2000
SAUDI ARABIA
Saudi Hollandi Records Record Profits Of SR303Mn In 1999
The first of the Saudi banks to distribute full financial results for 1999, Saudi Hollandi, has set a strong precedent, reporting record net profits of SR303mn ($80.8mn), a 20% increase over the previous year. On the strength of its performance, the banks dividend was upped by 25% to SR134mn ($35.7mn).
In a statement released with the results, the banks Managing Director Herman Erbe announced...
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