Saudi Arabia - Novemeber 2001


SAMA announce new website for share prices

Saudi Arabian monetary Agency announced that as from October 6, 2001, share prices could be viewed on their new Tadawul system web site (http://www.sama-ksa.org/english/whatnew/) On the website the following announcements were made:

  • Arab National Bank has announced it's intention to increase it's capital
    Arab National Bank has announced it's intention to increase it's capital to SAR 1,800 million, distributed over 36 million shares by issuing 1 bonus share for every 5 shares held subject to ratification by the Annual General Meeting in March 2002
  • Bank Al Jazira achieved a net profit of SAR 41,42 Million
    Bank Al Jazira achieved a net profit of SAR 41.42 Million for the first 9 months of 2001, an increase of % 14.65 over the sar 36.4 Million achieved during the same period last year.