RIYADH, 27 January 2004 — Al-Rajhi Banking and Investment Corporation’s net profits last year were SR2.038 billion, compared with SR1.41 billion in 2002, Eqtisadiah reported. Abdullah Al-Rajhi, manager of Al-Rajhi Banking and Investment Corporation, said that the board of directors recommended that SR1.575 billion be distributed to shareholders. Company information shows that stockholders shares are SR7.249 billion, trade profits 4,138 billion and customer accounts SR47,201 billion. Al-Rajhi believes the increase in profits is due to the expansion of company operations.