Al Rajhi Bank, Saudi Arabia's largest listed lender, posted a 8.2 percent decrease in its second-quarter net profit, it said in a bourse statement on Sunday, in line with analyst forecasts.
The bank said it made 1.95 billion r
Al Rajhi Bank reported a slump in net profit for the first three months of 2014, marking the second quarter in a row that Saudi Arabia's largest listed lender has posted a big decline in earnings.
The bank made 1.71 billion ri
Three of Saudi Arabia's biggest banks posted increases in net profit for the second quarter on Wednesday, benefiting from huge government investment and oil revenue surpluses which fuelled higher lending.
Idea International Polysilicon Company (IPC) has appointed Al Rajhi Capital as financial advisor for its integrated project to produce Polysilicon, ingots and solar wafers in Yanbu Industrial City at the Western Region of Saudi
Leading Saudi banks, including HSBC affiliate SABB and the kingdom's biggest Islamic lender Al Rajhi Bank, today reported impressive profits for the first quarter of this year.
SABB posted a 13.7 percent rise in first-quarter net profi
Gemalto, a global leader in digital security, said it has completed the main phase of the Dexxis instant issuance deployment program for on-the-spot EMV card delivery at leading Saudi bank Al Rajhi.
With this, Gemalto said Al Rajhi branche
Two major Saudi lenders, Al Rajhi Bank and Riyad Bank, posted higher fourth-quarter results on Tuesday, but missed analyst expectations.
The kingdom's biggest Islamic lender, Al Rajhi, posted a 13.9 per cent rise in its fourth-quarter net