Saudi Hollandi Bank should continue to post strong profit growth for the rest of 2015, its managing director told Reuters, albeit at levels below first-quarter earnings which were boosted by government gifts to state workers.
Saudi Hollandi Bank said it has won approval from Capital Market Authority (CMA) to boost its capital by 20 per cent to SR4.76 billion ($1.26 billion) through issuance of bonus shares.
The eighth-largest listed lender in the kngdo
Saudi Hollandi Bank, the eighth-largest listed lender in the kingdom, plans to boost its capital by 20 per cent through a bonus share issue next year.
The bank, which said on Sunday completed a SR2.5 billion ($666.6 million) sukuk
Saudi Hollandi Bank has privately placed a 2.5 billion riyal ($666.6 million) tier 2 Islamic bond or sukuk, the lender said in a bourse statement on Sunday.
The sukuk, which will support the Bank's capital base, has a tenor of
Saudi Hollandi Bank beat forecasts with a 37 per cent rise in third-quarter net profit, joining rivals in benefiting from rising lending, deposits and dealmaking in an economy buoyed by years of high oil prices.
Saudi Hollandi Bank, Saudi Arabia's eighth-largest listed bank, plans to sell a capital-boosting Islamic bond to private investors, it said, the latest lender in the kingdom to bolster its reserves after strong lending growth.
Saudi Hollandi Bank, Saudi Arabia's eighth-largest listed bank, said on Tuesday its second-quarter net profit rose 12.8 percent on the back of higher operating income, beating analysts' forecasts.
Saudi Hollandi Bank, Saudi Arabia's fourth-largest listed bank, said on Saturday its fourth quarter net profit rose 35.6 per cent compared to the same period last year due to higher operating income.
The lender said in a state
Saudi Hollandi Bank (SHB) has selected an integrated transaction banking solution from Misys, a global leader in financial services software solutions, in a move to upgrade its trade finance and cash management online services.
Saudi Hollandi Bank, the kingdom's eighth-largest bank, has completed a SR1.4 billion ($373.3 million) Islamic bond issue, the bank said in a statement.
The subordinated sukuk, which will boost the bank's Tier two capital