2008-01-29 - AME Info | Saudi Arabia | Latest News - Profits of Saudi banks declined by 14.5% in 2007, reported Gulf News. Eleven banks realised net profits of 30.21 billion Saudi riyals in 2007 compared to 35.34 billion Saudi riyals in the previous year. Four banks - Al Jazira, the Saudi Investment Bank, Al Saudi Al Hollandi and Al Bilad reported a decline of more than 50% in profits in 2007. The profits of Saudi banks in 2006 increased by 31.2% over 2005. <BR>  

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