Saudi Investment Bank (Saib) has completed a SR2 billion ($533.3 million) capital-boosting sukuk issue, it said yesterday, the latest lender in the kingdom to offer such an instrument to enhance its reserves.
Saudi Investment Bank (SAIB) has picked the investment banking arm of Riyad Bank to arrange a subordinated Islamic bond issue, banking sources said on Thursday, the latest lender in the kingdom to eye a capital-boosting sukuk offering.
The Saudi Investment Bank (SAIB) has launched WOOW, a reward programme for its customers.
The bank teamed up with Ketchup Loyalty Marketing to develop the programme, said a statement.
Based on the customer's day
The total value of deposits made at Saudi Arabian banks reached a new record of SR1.36 trillion ($362 billion) by the end of first quarter of 2013, a report said.
Customer deposits at the National Commercial Bank (NCB) reached SR2
Saudi Arabia's second-biggest lender Samba Financial Group added more provisions for loan loss during the second quarter, although these fell 41 per cent year-on-year, bourse data showed on Saturday.
The much-smaller Saudi Investment B
Saudi Investment Bank (SAIB), which received two rating downgrades in June, said its net profit more than tripled during the third quarter despite a drop in net operating income.
The lender said it made SR203 million ($54 million) in the t
Saudi Investment Bank (SAIB), which received two rating downgrades last month, said its net profit fell 32.8 percent in the second quarter and showed a rare drop in customer deposits.
SAIB is the first Saudi bank to post a decline in depos
Saudi Investment Bank (SAIB), which received two rating downgrades in June, has said it and Bahrain-based Al Baraka Banking Group, which offers Shari’a-compliant banking services, have agreed to abandon a 2007 share swap deal.
"The sharp v
BNP Paribas Investment Partners (BNPP IP) and the Saudi Investment Bank (SAIB) said on Wednesday they were teaming up in a new asset management venture in Saudi Arabia, SAIB BNP Paribas Asset Management.
The deal calls for BNPP IP to take,