Friday 1 August 2014
 
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Rajhi

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

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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,

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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

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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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