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Gemalto deploys key solution at Al RajhiGemalto, 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 More… |
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Top Saudi bank launches RMB propositionSaudi 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 More… |
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Saudi Fransi sells key Syria, Lebanon stakesBanque 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 More… |
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SSS Process installs key solution for Saudi bankSSS 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 More… |
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SABB posts 90.6pc rise in Q2 net profitThe 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 More… |
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Saudi Samba Financial net falls 7.1pcSamba 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 More… |
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Riyad Bank Q1 net rises 8.3pcRiyad 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) More… |
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SABB bank Q4 net profit surges to $106mSaudi 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 More… |
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Saudi banks 'to start lending more in 2010'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 More… |
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Saudi bank deposits hit $245 billionThe total deposits in Saudi banks hit $245 billion at the end of June 2009 as a result of their efforts to attract more deposits and address higher demand for Islamic banking services, a report said. BMG Financial Group in its r More… |
