Monday 15 February 2016
 
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Fawaz Alhokair net profits fall 14.2pc

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Company reported a 14.2 per cent fall in third-quarter net profit on Thursday. The company made a net profit of SR91.2 million ($24.3 million) in the three months to December 31, dow

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NCB Q4 net profit rises 16.6 pct

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest bank, reported a 16.6 per cent rise in fourth-quarter net profit on Wednesday, beating analysts' forecasts. The lender made a net profit of SR2.13 bi

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Saudi NCB wins approval for derivatives unit

National Commercial Bank , Saudi Arabia's largest lender, has received regulatory approval to set up a subsidiary to engage in derivatives trading and repo activities, the lender said on Tuesday. The Cayman Islands-based unit,

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Saudi's NCB settles issuance of $719m sukuk

Saudi Arabia's National Commercial Bank (NCB) has completed a subordinated Additional Tier 1 Capital Sukuk worth worth SR2.7 billion ($719.54 million), the company announced in a bourse statement on Wednesday.  

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NCB selects Microland as IT infrastructure services partner

Saudi Arabia's National Commercial Bank (NCB) has selected Microland, a leading Indian hybrid IT infrastructure services provider, as its IT infrastructure services partner to manage its branch technology services across the kingdom.

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NCB selects Microland as IT infrastructure services partner

Saudi Arabia's National Commercial Bank (NCB) has selected Microland, a leading Indian hybrid IT infrastructure services provider, as its IT infrastructure services partner to manage its branch technology services across the kingdom.

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Saudi inflation likely to stay within 2.5pc

Saudi Arabia’s headline inflation is likely to remain at remain between 2.0 per cent to 2.5 per cent during the rest of the year, according to a new report from NCB, the largest bank by asset in the Arab world. Broad money s

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NCB plans $533m capital-boosting sukuk

National Commercial Bank (NCB), Saudi Arabia's largest lender, is selling SR2 billion ($533 million) of capital-boosting sukuk, two banking sources with knowledge of the matter said on Sunday. The offer, which enhances the ban

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NCB net profit edges down 2.6pc in Q2

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, posted a 2.6 per cent fall in second-quarter net profit on Thursday, missing analysts' forecasts as fee income weakened and operating expenses rose.

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NCB raises $267m in capital-boosting sukuk

Saudi Arabia's National Commercial Bank (NCB) became the latest lender in the kingdom to announce the sale of a capital-boosting Islamic bond, raising SR1 billion ($267 million) through a sukuk which will enhance its core capital.

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