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Islamic Finance Briefing - Categorized | Banking, Performance more

Saudi banks profit down 12.6pct

Posted on 29 December 2009

From Tradearabia.com: Profits generated by Saudi commercial banks, including the 11 listed ones, fell 12.6 per cent in the October-November period, central bank data showed on Monday ahead of fourth quarter earnings announcements.

Excluding branches abroad, Saudi banks made a profit of SR3.94 billion ($1.05 billion) during the period, according to the Saudi Arabian Monetary Agency’s (Sama) website……………………………………Full Article: Source

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