Financial and Banking News
Saudi Investment Bank Confirms Recovery with 55% Increase in Profits
Saudi Investment Bank (Saib) continued its recovery during 1992, declaring a55% increase in profits. The improvement was due to an increase in income frominvestment securities and fees income. Provisions were maintained at theprevious year's level. Saib remains in the second division of Saudi banks, butits profitability ratios have been improving steadily and...