Financial and Banking News
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...
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!