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SAIB Posts Record SR1.06 billion Profits
Saudi Press Agency Published in Saudi Press Agency on 29 - 01 - 2006

The Saudi Investment Bank (SAIB) announced record profits of SR1.06 billion in 2005, an increase of SR587.1 million from the year before, which was SR477.1 million, and a growth of 81.3 percent.
Its share price reached SR30.96 compared to SR17.08 the year before and net income from transaction increased SR785.7 million compared to SR587.8 million in 2004.
Income from banking services also increased by 95.7 percent and the bank maintained production efficiency reaching 32.21 percent, Arab News reported today.

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