VOL. XXXIX

No. 20

12-February-1996

SAUDI ARABIA

Saib Profits Jump 27%

One of the smaller Saudi banks, SaudiInvestment Bank(Saib), has also announced a substantially improved set ofresults in 1995. Saib produced a 27%increase in netprofits to SR85.1mn ($22.7mn) and robust growth in both theloan portfolio and deposits. Although Saib again chose notto distribute a dividend, the bank announced a one-for-onebonus issue within the existing capital structure to doublecapital to SR360mn ($96mn), and...