Financial and Banking News
Saudi American Bank Continues to Expand Profitably
Riyadh-based Saudi American Bank (Samba) has declared net profits ofSR910.3mn ($243mn) for 1992, a 21% increase on 1990. Increased earnings camemainly from investments in securities, which now account for 43% of the bank'stotal assets. The balance sheet grew by 5% in 1992, less than in recent years,although this flattening of growth is consistent with the results of the other...
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!