VOL. XXXVIII
NO. 21
20-FEBRUARY-1995
Financial and Banking News
Bank Results
Higher Operating Expenses Depress Profits At Arab National Bank
Riyadh-based Arab National Bank (ANB), in which Amman-based Arab Bank has a40% stake, has reported an 18% fall in profits for 1994 as a result of higheroperating expenses. Operating profit (before expenses) rose over the year. Thecash dividend has been cut, but not drastically. Mr. Elie al-Hadj, the ManagingDirector, says that the increased expenses were the...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!