The Saudi Investment Bank reported that its total profits grew to 304 million Saudi Riyals in 2001, up from SR 276 million in 2000, reported Al-Watan . These figures translate into a 10 percent rise. The bank managed to minimize its general and administrative expenditures by 10 percent during the same period. The Board of Directors recommended distributing eight Saudi Riyals per stock earnings for 2001. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
