VOL. XXXIX
No. 21
19-February-1996
SAUDI ARABIA
Al-Jazira Makes First Profit Since 1992
Following its return to profitability in the third quarter of 1995, Jiddah-based Bank Al-Jazira has announced a small net profit for the year as a whole. The last time the bank announced a profit was in 1992, since when it has been recapitalized and a new management team under Mr. Mishari al-Mishari has been installed. Al-Jazira is the last remaining problem bank in Saudi Arabia in that it has been the...
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