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
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
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
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