Saturday 19 April 2014
 
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NCB plans $1.3bn capital hike before IPO

National Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday.

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Saudi to sell 15pc of National Commercial Bank in IPO

Saudi Arabia's government will sell a 15-percent stake in National Commercial Bank (NCB) , the country's largest lender by assets, in an initial public offering, Finance Minister Ibrahim al Assaf was quoted as saying on Thursday.

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Saudi bank NCB prices $1.33bn sukuk

National Commercial Bank (NCB), Saudi Arabia's largest lender, has completed a 5 billion-riyal ($1.3 billion) Islamic bond issue, two banking sources said on Wednesday. The transaction is the largest of its kind in the kingdom

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NCB plans capital-boosting sukuk

Saudi Arabia's largest lender, National Commercial Bank, has picked four banks to arrange a local currency sukuk that will boost its capital, a document from lead managers said on Thursday. NCB had mandated itself as well as t

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HSBC, NCB close $4.05bn Saudi bond

Leading banks HSBC and NCB Capital have successfully completed the SR15.21 billion ($4.05 billion) Islamic bond for the Saudi Arabian General Authority of Civil Aviation (GACA). The largest-ever government guaranteed Islamic bond in the

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NCB posts 19.4pc Q1 net profit rise

Saudi 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

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Saudi retail sector set for solid growth

Saudi 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

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Saudi Arabia housing to grow 52pc

Saudi 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

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Saudi NCB net profit up 13pc

Saudi 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

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Cement sales in Saudi jump 12.6pc

Cement 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

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