NO. 51


Financial and Banking News

Bank Results

Al-Jazira Expects Unqualified Accounts In 1994; Operating Profits In1995

Jiddah-based Bank Al-Jazira, which has just declared a SR79.3mn($21.1mn) loss for 1993, expects to declare operating profits in 1995. The bankalso hopes that a capital increase planned for later this year will enable itto make sufficient loan loss provisions to avoid having its accounts qualifiedin 1994. Bank Al-Jazira is the last of Saudi Arabia's...