VOL. XLI
No. 11
16-March-1998
SAUDI ARABIA
Saudi Hollandi Sees Profits Up By A Third
Profits at Saudi Hollandi, one of the medium-sized joint venture banks in Saudi Arabia,jumped by 30% to SR210mn ($56mn) in 1997 after a number of years when the bank has laggedits peers in the banking system. On the strength of the improvement the dividend wasnearly doubled to SR90mn ($24mn). With a return on equity of 17% for the year and a returnon assets of 1.2% profitability at Saudi Hollandi is now...
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