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
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
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.
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
SSS Process, a leading company specialized in providing e-government services and software solutions, said it has completed the development of project management office (PMO) for Saudi-based Al Rajhi Bank.
Based on Microsoft’s latest techn
The Saudi British Bank (SABB) posted a 90.6 per cent rise in its second quarter net profit, beating analysts' forecasts, the bank said in a bourse statement on Tuesday.
SABB, an affiliate of the HSBC Group, attributed th
Samba Financial Group, Saudi Arabia's second-largest lender by market value, on Wednesday posted a 7.1 per cent fall in its first-quarter net profit, roughly in-line with analyst expectations.
Samba made a net profit of 1.12 billion ri
Riyad Bank, a leading Saudi bank, said on Saturday its first quarter net profit rose 8.3 per cent on the back of improved income from banking services and other operations.
The bank made a net profit of SR741 million ($197.6 million)
Saudi bank SABB posted a surge in its fourth-quarter net profit to 397 million riyals ($106 million) on Sunday, beating analyst forecasts.
SABB, 40 percent owned by HSBC Holdings, made profit of 26 million riyals in the fourth quarte
Banks in Saudi Arabia are expected to lend more in 2010 as confidence is growing and lenders become less risk averse, the chief economist of state-owned National Commercial Bank said on Saturday.
'For this year we will see a faster gro