VOL. XXXIX

No. 28

8-April-1996

SAUDI ARABIA

Profits Rebound At Saudi Hollandi

Big gains in net interest income have enabled the smaller Saudi Hollandi Bank to announce a 16% increase in net earnings for 1995 to SR140mn ($37mn). The bank's dividend, in what amounts to a change in policy, has been increased by more than ten times to SR42mn ($11mn). Whilst this is not imprudent, in the sense that the dividend is covered more than three times by 1995 earnings, it certainly represents a...