Financial and Banking News
Saudi Banks Enjoy Vintage Year Based On Sound Foundations
Saudi banks enjoyed a vintage year in 1992, with aggregate profits of the 11banks, so far to have reported, showing an average increase of 29.4%. Incomefrom securities provided much of the wind in the sails of Saudi banks, and itlooks set to continue doing so in 1993. The overall prosperity of the Saudieconomy was also an important factor. The year was also marked by...