SAIB's unaudited profits hit $48.5 m in 2016

Updated 1/30/2017 1:22:12 PM

Arab Finance: Societe Arabe Internationale De Banque (SAIB) announced in a statement sent to EGX, the Board of Directors was held on January 29.

The company's BoD approved unaudited financial results for the fiscal year ending December 2016, which revealed posting net profits of $48.523 million, versus net profits of $42.991 million a year earlier, representing 13% growth.