The Board of Directors of the Saudi Al-Rajhi Banking and Investment Corporation recommended distributing 1.2 billion Saudi Riyals ($320 million) to its shareholders, which is equivalent to SR 28 per share earning, reported Al-Hayat . In 2001, the Al-Rajhi Corporation recorded SR 1.5 billion ($400 million) net profits. Customer deposits totaled SR 36.8 billion in the same year. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
