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...