Monday 20 November 2017
 
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Riyad Bank

Riyad Bank backs Saudi Trade Finance Summit

Riyad Bank, one of the largest financial institutions in the region, will once again this year be one of the Platinum Sponsors of the upcoming 5th Annual Saudi Trade Finance Summit in Al Khobar, Saudi Arabia and organized by Dubai based QnA Inte

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Saudi cement firm inks Islamic finance deal

Saudi-based Umm Al Qura Cement Company has signed a key Islamic financing agreement with Riyad Bank to secure a SR50 million ($13.3 million) loan. The loan will be used for funding an increase in working capital as well as the cap

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Riyad Bank to sell key land in Jeddah

Saudi Arabia's Riyad Bank has reached a preliminary agreement to sell land in Jeddah for SR202.5 million ($54 million), the kingdom's fourth-largest lender by assets said on Monday. The sale will realise a non-recurring ca

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Riyad Bank Q3 net profit falls 16.5pc

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 16.5 per cent fall in third-quarter net profit on Wednesday that it blamed on declining operating income. The bank made a net profit of SR899 million ($239.7

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Riyad Bank launches contactless card with Gemalto

Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to the Clarista Contactless EMV card offered by Gemalto, a world leader in digital security. Powered with the industry-standard

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Three top banks to back Saudi trade finance event

Riyad Bank, Banque Saudi Fransi and Saudi Hollandi Bank, three of the Middle East’s leading banks, have been announced as the Platinum Sponsors of the 3rd Annual Saudi Trade Finance Summit 2015, a leading trade finance event to be held in

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Riyad Bank prices $1bn capital-boosting sukuk

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, has issued capital-boosting sukuk worth SR4 billion ($1.07 billion), banking sources said on Monday. The deal, which will enhance the bank's Tier 2 or supplementa

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Riyad Bank plans $1bn bond issue

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, plans to issue SR4 billion ($1.07 billion) of bonds to boost its capital base, it said on Tuesday. The privately placed bonds will have a tenor of 10 years and be red

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Riyad Bank Q4 net profit up 2.9pc

Riyad Bank, Saudi Arabia's third-largest lender by assets, posted a 2.9 per cent rise in its fourth-quarter net profit on Sunday, beating analysts' average forecast. The bank said it made SR1.06 billion ($274.4 million) in

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Riyad Bank posts 7.8pc Q3 net profit

Riyad Bank, Saudi Arabia's third-largest listed lender by assets, posted a 7.8 per cent rise in its third-quarter net profit on Tuesday, in line with analysts' average forecast. The bank said it made 1.08 billion riyals ($

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