RIYADH, 29 January 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.
SCC Achieves SR27m Net Profits
RIYADH, 29 January 2006 — Saudi Chemical Company (SCC) released results of its fourth quarter activities which showed preliminary net profits of SR27 million. Its unified net profits for 2005 is around SR110 million and unified sales for 2005 is around SR954 million compared to SR774 million in 2004, an increase of 23 percent.
