 |
NCB posts 19.4pc Q1 net profit riseSaudi Arabia's largest lender by assets, National Commercial Bank (NCB), posted a 19.4 per cent increase in first-quarter net profit on the back of higher special commission and fee income, it said on Sunday. The majority stat More… |
 |
Saudi retail sector set for solid growthSaudi retail sector is poised for strong earnings growth mainly due to expansion through opening stores, margin support from economies of scale and consolidation of fragmented markets, all of which are key drivers of profit growth, said a report More… |
 |
Saudi Arabia housing to grow 52pcSaudi Arabia’s housing stock is expected to expand by 2.4 million units in the next 10 years, marking a rise of 52 per cent from 4.6 million units in 2010, a report said. A growing population entering the marriageable age, an expa More… |
 |
Saudi NCB net profit up 13pcSaudi Arabia's National Commercial Bank (NCB), the kingdom's biggest bank by assets, posted a 12.9 per cent rise in its second-quarter net profit, the lender said on Wednesday. State-owned NCB made a net profit of SR1.6 bi More… |
 |
Cement sales in Saudi jump 12.6pcCement sales in Saudi Arabia during March increased 12.6 percent to reach 4.9 million tonnes, a record high for monthly sales, a report said. Clinker production grew by 10 percent to reach 4 million tonnes, another record, said the report More… |
 |
Blominvest seals Saudi housing dealBlominvest Saudi Arabia said it has secured a SR290 million ($77.3 million) loan in line with its plan to build 400 housing units in capital Riyadh in collaboration with leading developer Maskan Arabia. Blominvest is the investment arm of More… |
 |
Saudi lender NCB earnings up 27pcSaudi Arabia's National Commercial Bank (NCB), the country's biggest lender by assets, said it has registered a 27.3 per cent rise in net profit for 2011. State-owned NCB made a net profit of SR6 billion ($1.6 billion) in 2011, compared w More… |
 |
NCB posts 87pc rise in Q3 net profitSaudi Arabia's National Commercial Bank (NCB), the kingdom's biggest bank by assets, posted a 87 per cent rise in its third-quarter net profit, the lender said on Wednesday. State-owned NCB made a net profit of 1.5 billion riyals ($412 mi More… |
 |
Saudi construction deals top $22bn in H1The value of construction contracts awarded in Saudi Arabia during the first half of this year reached SR84.2 billion ($22.45 billion), a report said. Contracts awarded during the second quarter of the year was SR34.5 billion, according to More… |
 |
NCB's Q2 profits soar 16pc to $373 millionState-owned National Commercial Bank (NCB), Saudi Arabia's biggest bank by assets, posted a 16 percent rise in its second-quarter net profit, the lender said on Tuesday. The bank made a net profit of 1.4 billion Saudi riyals ($373 mil More… |
