Thursday 18 October 2018
 
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Saudi bank

Hill wins Saudi bank tower project contract

Hill International, a global leader in managing construction risk, said it has secured a three-year contract from Bank Aljazira, an innovative shari'ah-compliant financial institution in Saudi Arabia, to provide project management services f

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Hill wins Saudi bank tower project contract

Hill International, a global leader in managing construction risk, said it has secured a three-year contract from Bank Aljazira, an innovative shari'ah-compliant financial institution in Saudi Arabia, to provide project management services f

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SABB 2016 net profit plunges 10pc to $1.03bn

The Saudi British Bank (SABB) has reported a 10 per cent drop in its net profit for the year ended December 31, which fell to SR3.9 billion from SR4.33 billion last year. The Saudi bank said its net profit for the fourth quarter t

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ANB set to sell $533m capital-boosting sukuk

Arab National Bank (ANB) is close to completing a SR2 billion ($533.3 million) capital-boosting sukuk issue, sources familiar with the matter told Reuters on Tuesday. Order books have closed for the transaction, which will enhance

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Saudi bank Samba trims H1 dividend

Samba Financial Group, Saudi Arabia's third-largest bank by assets, said on Tuesday its board had recommended paying a 0.45 riyals ($0.12) per share dividend for the first half of 2015. The proposed figure, revealed in a bours

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SABB 2014 profit up 13pc to $1.13bn

The Saudi British Bank (SABB) has reported a net profit of SR4.266 billion ($1.136 billion) for the year ended December 31, 2014, an increase of SR492 million or 13 per cent compared to SR3.774 billion ($1 billion) for the same period previous y

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Banque Saudi Fransi ups H1 dividend

Banque Saudi Fransi's board has proposed a cash dividend of 0.45 riyals ($0.12) per share for the first half of 2014, the Credit Agricole affiliate said. The proposed figure, announced in a Riyadh stock exchange filing, is abo

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Gemalto deploys key solution at Al Rajhi

Gemalto, a global leader in digital security, said it has completed the main phase of the Dexxis instant issuance deployment program for on-the-spot EMV card delivery at leading Saudi bank Al Rajhi. With this, Gemalto said Al Rajhi branche

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Top Saudi bank launches RMB proposition

Saudi British Bank (SABB), an affiliate of HSBC Group, has launched a comprehensive Renminbi (RMB) proposition for its corporate customers, thus paving way for them to open RMB accounts at selected branches in the Kingdom. This propos

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Saudi Fransi sells key Syria, Lebanon stakes

Banque Saudi Fransi plans to sell its 27 per cent stake in Bemo Saudi Fransi Syria and its 10 percent share in Bemo Lebanon, the bank said in a bourse statement on Saturday. The bank's chairman, Saleh al-Omair, said the financial risks

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