BankAl-Jazira's Provisions Insufficient To Cover Loan Losses
TheArabic daily Asharq Al-Awsat reported on 5 June that the general meeting of theSaudi Bank al-
Jazirahad decided to transfer more than SR415mn ($111mn) from its statutory andgeneral reserves
sincethe specific provisions made against its accumulated bad debts were provinginsufficient. The
newspaperquotes the President of the bank's management committee, Mr. 'Abd al-'Aziz 'Abdal-Qadir as...