VOL. XXXVII
NO. 20
14-FEBRUARY-1994
Financial andBanking News
Bank Results
Saudi French Reports Biggest Profits Increase Yet For Saudi Bank
Saudi French Bank has reported a 68% increase in profits during 1993, thebiggest rise yet reported by a Saudi bank. The improvement was due mainly to a56% increase in income from securities and a cut in provisions. A 19% dividendis proposed, compared to 16% in 1992. Managing Director Henri Guillemin saysthat the bank is repositioning its investment portfolio in...
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