VOL. XL
No. 9
3-March-1997
SAUDI ARABIA
1996 Sees Continued Profit For Saudi Hollandi
Gains in earnings from investment securities have produced a 15% increase in profits at Saudi Hollandi to SR161.4mn ($43mn), following a year in which the accounts were qualified by the auditors because of a disagreement over the treatment of the sale of investment securities. The bank also announced an increased dividend of SR49mn ($13.1mn) for 1996. Higher holdings of investment securities meant that total...
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