Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported on Wednesday a year-on-year rise of 44.6% in its net profits for the first quarter of fiscal year 2017.
Net profits for Q1-17 reached $21.17 million, compared to $14.6 million for Q1-16, according to a statement to the stock market.
The bank had earlier posted a net profit of $48.5 million for FY16.
