The Al Saudi Al Faransi Bank recorded total net profits of 844.4 million Saudi Riyals ($22 million) for 2001. This figure translates into a 23 percent increase, reported Al-Hayat . The bank expanded its investment portfolio volume to SR 17.9 billion ($4.77 billion) in 2001, a 24 percent growth compared with the previous year. The Bank’s total assets value increased to SR 40 billion ($10.6 billion) during the same period, a 14 percent rise. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
