18.01.2010 - Alinma profit plunges 85pct
From Arabnews.com: Alinma Bank’s profit fell by 85 percent in the fourth quarter of 2009 as its net income amounted to SR5.6 million ($1.49 million), compared to SR38.6 million ($10.29 million) for the previous quarter, according to a posting on the Saudi stock market (Tadawul) website on Saturday. The posting, made by Abdulmohsen Al-Fares, CEO of the bank, says operating income for the said period stood at SR138 million, while net income from investing and financing activities stood at SR138 million. Earnings per share for the period amounted to SR0.40.........................................Full Article: Source
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