VOL. XXXIX

No. 3

16-October-1995

SAUDI ARABIA

Third Quarter Results Point To A Good Banking 1995 For Saudi Banking Sector

Saudi banks have reported another set of robust results for the first nine months of the year - eight have announced profits improved on the same period last year and only two have reported a fall in profitability. The 10 banks which have reported thus far made total profits of SR3.7bn, a 12% increase on the SR3.3bn made in the first three quarters of 1994....