The National Commercial Bank, based in Jeddah, reported that its operating profits totaled 2.27 billion Saudi Riyals ($605.8 million) in 2001 compared with SR 1.63 billion ($434 million) in 2000, reported Al-Hayat . These figures translate into a 39 percent growth. The Bank postponed its dividend distribution to stockholders in order to strengthen its capital and reserves for the second year in a row. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
