Friday 11 July 2014
 
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SABB Q2 profit up 15pc, beats estimates

Saudi British Bank (SABB), the kingdom's fifth-largest listed lender by assets, posted a 15.2 per cent increase in its second-quarter net profit, it said in a bourse statement on Wednesday, beating analyst forecasts. The bank,

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Nakheel H1 profit jumps 54pc on new projects

Dubai property developer Nakheel, which was a major victim of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year. The government-

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QNB net profit edges up, loan growth slips

Qatar National Bank (QNB), a leading lender in the Gulf region, has posted a 1.5 per cent rise in second quarter net profit on Tuesday (July 8), beating analysts' expectations despite slowing loan growth.   T

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Banque Saudi Fransi Q2 net rises 16pc

Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 16 per cent rise in its second-quarter net profit, it said in a bourse statement on Monday, beating analyst forecasts. The kingdom's fourth-largest bank b

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Saudi's Riyad Bank Q2 profit up 17.4 pc

Riyad Bank, Saudi Arabia's second-largest listed lender by assets, posted a 17.4 per cent rise in second-quarter net profit on Monday. The bank said it made 1.14 billion riyals ($304 million) in the three months ending June 30

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Saudi bourse posts 37pc drop in 2013 profit

Saudi Stock Exchange, the Middle East's largest bourse that is planning to go public, reported a 37 per cent drop in 2013 net profit, its first ever financial disclosure showed on Tuesday. The exchange, commonly known as Tadaw

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Nakheel to pay $59.88m sukuk profit

Nakheel, a leading UAE developer, has confirmed a profit payment of Dh220 million ($59.88 million) on its trade creditor sukuk. Instructions have been sent to Deutsche Bank, the registrar and paying agent for the sukuk, to make th

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Viva Kuwait full-year profit jumps six-fold

Viva Kuwait has reported a more than six-fold rise in annual profit on Monday as the mobile telecommunications operator increased its customer base by a third.   The Saudi Telecom Co (STC) affiliate made a net pr

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Mumtalakat swings back into profit in 2013

Bahraini sovereign fund Mumtalakat swung back into profit in 2013 because of an improved performance at Gulf Air and lower impairment losses, it said on Wednesday.   The fund, fully owned by the Bahraini state bu

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Mobily cuts profit after rival scraps tie-up

Saudi Arabia mobile operator Mobily will cut its second-quarter profit by SR338.7 million ($90.3 million) after fixed-line rival Etihad Atheeb scrapped a deal between the two companies, it said on Monday.   Share

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