Arab Finance: Societe Arabe Internationale De Banque (SAIB) announced the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.

The bank posted net profits of $48,522,896, versus net profits of $42,991,441 in the same period a year ago.

Moreover, financial results affected negatively by the exchange difference amounting to $5.9 million, the Bank stated. 

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