Saudi-French Bank opens new Jeddah headquarters

Published November 7th, 2000 - 02:00 GMT

The Emir of Mecca Region in Saudi Arabia, Abdul Majeed Bin Abdul-Aziz, recently inaugurated the new headquarters for the French-Saudi Bank in Jeddah, reported Al-Riyadh newspaper. The area of the new building, which cost SR 65 million to build, spreads over 23,330 square meters and was erected in accordance with the latest in construction design.  

 

The Saudi-French Bank posted a net operating income of SR 509 million over the first three-quarters of 2000, a 20 percent rise compared with the corresponding period of the previous year. The bank forecasts SR 650 million net profits by the end of 2000.  

–(Albawaba-MEBG) 

 


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