Foreign assets of Saudi commercial banks up
Commercial banks in the Kingdom of Saudi Arabia increased their foreign asset holdings to 101.2 billion Saudi riyals ($26.98 billion) at the end of December 2000, reported Al-Hayat.
This figure translates into SR 9.7 billion growth, compared with the corresponding period of the previous year. Saudi banks are attempting to restructure their foreign asset holdings, which have been decreasing significantly over the past several years. — (menareport.com)
© 2001 Mena Report (www.menareport.com)