16.07.2009 - Bank Muscat Q2 profit plunges 62 percent
From Tradearabia.com: Bank Muscat SAOG reported on Wednesday a 62 per cent fall in second-quarter net profit, according to Reuters calculations, partly because of provisions against potential losses at two Saudi conglomerates. Oman's largest bank by market value said it took 40.2 million Oman rials ($104.4 million) in provisions in the second quarter and part of that was for its 'exposures to two large business groups in Saudi Arabia, the Al Gosaibi and the Saad Group'.......Full Article: Source
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