Richard Melson

December 2005

NCB Bank

http://www.alahli.com/index1.jsp

Dear Readers,

The subject of the "In Focus" section of this week's report is

" The 2005 Fiscal Outcome ".

Regards;

Dr. Said Al-Shaikh Chief Economist The National Commercial Bank

NCB Bank Saudi Arabia

Bi-weekly report

Attachment: 20Dec05.pdf

Noel Rotap n.rotap@alahli.com

2005/12/20 Tue