VOL. XXXVII

NO. 20

14-FEBRUARY-1994

Financial andBanking News

Bank Results

Saudi British Restores Cash Dividend After 50% Profits Increase

Saudi British Bank has reported a 50% increase in profits during 1993, one ofthe highest so far by a Saudi bank. As with other banks in the Kingdom, the risewas due mainly to an increase in income from investments in securities, althoughgains from exchange and income from banking services also showed healthypercentage increases. Unlike most of the other Saudi...