The Saudi Investment Bank reported 304 million Saudi Riyals ($81.1 million) in profits in 2001 compared with SR 276 million ($73.6 million) in 2000. These figures translate into a 10 percent climb, reported Al-Hayat . The bank cut its administrative expenditures by 21 percent during the same period without affecting its transactions and services. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
