Friday 22 June 2018

Al Rajhi to distribute $600m in dividend

Al Rajhi Bank, Saudi Arabia's largest listed lender, said it would distribute dividends worth 2.25 billion riyals ($599.9 million) for the first six months of 2013. This was equivalent to 1.5 riyals per share, according to a s


Saudi banks' profit down in Q4

Some of the leading banks in Saudi Arabia have announced a decline in profits for the fourth quarter of last year. Al-Rajhi Bank, the kingdom's largest lender by market value, said its net profit fell 9.6 percent in the fourth quarter,


Saudi Al Rajhi buys into Romeo Design

Saudi Al Rajhi Investment Group, a leading diversified business group, has acquired a 70 per cent stake in the UAE-based Romeo Design. Romeo Design was established in 1981 and is recognized as one of the leading design companies, both in m


STS implements Sun hardware for Al Rajhi Cement

STS, a leading IT services and enterprise solutions provider in the region, will cooperate  with Al Rajhi Cement, a subsidiary of Al Rajhi Group, Saudi Arabia, to deploy Sun Microsystem’s infrastructure, hardware servers and storage to run en

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