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Zain Saudi to start rights issue on TuesdayZain Saudi, the kingdom's third telecom operator, will start a rights issue on Tuesday which will close eight days later, the firm said in a bourse statement. 'The issuing price will be SR10 ($2.6) without a premium, keeping i More… |
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Al-Rajhi Bank posts 1pc rise in Q1 net profitSaudi Arabia's Al-Rajhi Bank said its first-quarter net profit was mostly flat from a year earlier, missing analyst forecasts after rising one per cent. Al-Rajhi made a net profit of SR 1.7 billion ($453 million) in the three months to More… |
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Al-Rajhi Q4 net profit up 13.5pc to $442mSaudi-based Al-Rajhi Bank, the kingdom's biggest Islamic lender, said on Wednesday it posted a 13.5 percent rise in fourth quarter net profit, broadly in line with analysts' forecasts. Al-Rajhi said net profit for the th More… |
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Al-Rajhi Bank Q1 falls on provisionsSaudi Arabia's Al-Rajhi Bank, the Gulf region's largest Islamic bank by market value, on Sunday said first-quarter net profit fell 2.8 percent, below analysts' forecasts, as provisions continue to weigh. The Islamic bank posted a net profi More… |
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eSense develops EPM solution for Al Rajhi BankeSense, the leading provider of IT-based business solutions, has developed an advanced enterprise project management solution for Saudi-based Al-Rajhi Bank. The Microsoft Office Enterprise Project Management (EPM) Solution is an end-to-end More… |
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Al Rajhi books $112m Q2 loan lossAl-Rajhi Bank, Saudi Arabia's largest lender by market value, booked 421.6 million riyals ($112.4 million) in provisions for loan losses during the second quarter, according to official data published on Tuesday. The figure compared with 2 More… |
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Jabal Omar picks Rajhi for Mecca project financingSaudi Jabal Omar Development Company said on Sunday it had appointed an affiliate of the world's largest Islamic lender, Al-Rajhi Bank, to help it secure financing worth a previously estimated $3.31 billion. Al-Rajhi Financial Services More… |
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Jabal Omar picks Rajhi for Mecca project financingSaudi Jabal Omar Development Company said on Sunday it had appointed an affiliate of the world's largest Islamic lender, Al-Rajhi Bank, to help it secure financing worth a previously estimated $3.31 billion. Al-Rajhi Financial Services More… |
