VOL. XXXVI
NO. 24
15-MARCH-1993
Financial and Banking News
BANK RESULTS
Saudi Cairo Completes Recovery Program
Jeddah-based Saudi Cairo Bank has posted its first net profits since 1984,following a capital increase late last year which allowed the bank to clean outits bad debt portfolio. The bank now hopes to be able to declare profits ofSR500mn for 1995 (which would make it one of the most profitable banks in theKingdom, even allowing for considerable balance sheet growth). Dividenddistribution...
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