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...