Four Saudi Banks Top Arab List

JEDDAH, 25 October 2006 — Four Saudi banks topped the list of top 100 Arab banks in terms of their profits in 2005.

Al-Rajhi won first position with a profit of $1.5 billion, followed by National Commercial Bank $1.3 billion, Samba Financial Group $1.1 billion and Riyad Bank $757 million. According to a study conducted by the Federation of Arab Banks, the total assets of top 100 Arab banks amounted at $802.2 billion by the end of 2005 while total deposits reached $537.1 billion, loans $376.4 billion and total profits $17.9 billion and shareholders rights $89.5 billion.