VOL. XLI
No. 11
16-March-1998
SAUDI ARABIA
Al-Rajhi Produces Record Profits
Saudi Arabia's only wholly-Islamic bank, al-Rajhi Investment Corporation, has producedanother strong performance for 1997 which will probably maintain it as the most profitablebanking institution in the Kingdom. Many of the conventional banks in Saudi Arabia havelaunched Islamic banking units or branches, but they remain essentially niche playersagainst an institution with the largest branch network of any of the banks...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!