29.07.2009 - More Saudi banks raise loan loss provisions
From Business24-7.ae: Al-Rajhi Bank, Saudi Arabia's largest lender by market value, booked in the second quarter the highest provisions for loan losses this year amid fears over the solvency of two heavily-indebted Saudi firms. The Islamic lender booked 421.6 million Saudi riyals ($112.4 million; Dh412.51 million) in provisions for loan losses during the second quarter, according to official data published on Tuesday.........Full Article: Source