Monday 5 December 2016
 
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Saudi Hollandi

Saudi Hollandi rebrands to Alawwal Bank

Saudi Hollandi Bank, the kingdom's oldest lender, said it has rebranded to Alawwal Bank (The First in Arabic). The name change marks the start of a transformation that will see the bank build on its reputation for innovation a

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Acwa Power steps up revolving facilities to top $925m

Saudi Arabia’s Acwa Power, a leader in power generation and desalination, plans to increase its revolving facility by $160 million, enhancing the total revolving facilities at the company’s disposal to $929 million. Sa

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Acwa Power steps up revolving facilities to top $925m

Saudi Arabia’s Acwa Power, a leader in power generation and desalination, plans to increase its revolving facility by $160 million, enhancing the total revolving facilities at the company’s disposal to $929 million. Sa

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Saudi Hollandi Q2 net profit up 12.3pc

Saudi Hollandi Bank, the kingdom's oldest lender, posted a 12.3 per cent rise in second-quarter net profit on the back of higher operating income, it said on Thursday, beating analysts' expectations. The lender said it mad

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Saudi Hollandi profit rises 33pc

Saudi Hollandi Bank, Saudi Arabia's oldest lender, beats analyst expectations after posting a 33 per cent rise in fourth-quarter net profit on the back of a rise in operating income. The lender, partly-owned by Royal Bank of S

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Saudi Hollandi Q2 net jumps 28pc

Saudi Hollandi Bank posted a 28.1 per cent increase in second-quarter net profit on Sunday, boosted by higher operating income. The kingdom's oldest bank and its seventh-largest listed lender by assets made a net profit of 480

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Banque Saudi Fransi Q3 net drops 13pc

Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 12.9-per cent drop in its third-quarter net profit that missed analysts forecasts, it said in a bourse statement on Wednesday. The kingdom's fifth largest

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Saudi banks post impressive profit growth

Leading Saudi banks, including HSBC affiliate SABB and the kingdom's biggest Islamic lender Al Rajhi Bank, today reported impressive profits for the first quarter of this year. SABB posted a 13.7 percent rise in first-quarter net profi

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Saudi Hollandi Q4 net up 2.7pc

Saudi Hollandi Bank said its fourth quarter net profit edged up 2.7 per cent on the year to SR231 million ($61.6 million) due to a fall in operating expenses, in a statement on Saturday. However, earnings fell 22.7 per cent compared to the

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SABB, Saudi Hollandi capital hike approved

Saudi Arabia's financial regulator has approved a 33 percent capital increase for Saudi British Bank (SABB) and a 20 percent hike for Saudi Hollandi Bank, it said in separate filings on Sunday. SABB, an affiliate of HSBC, will raise its ca

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