Tuesday 21 November 2017
 
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Al Rajhi

Saudi banks Q3 income edges up marginal 0.4pc

The consolidated net income of Saudi Arabian banks was only marginally higher in the third quarter (Q3) of 2017, at 0.4 per cent quarter-on-quarter (q-o-q), resulting in an increase of 14.3 per cent year-on-year (y-o-y), a report said.

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Saudi economic activity picking up: Al Rajhi

Rising banking sector profits and increase in POS transactions along with a rise in non-oil exports indicate economic activity in Saudi Arabia is picking up, a report said. However, private sector credit declined in September whil

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Sipchem posts $32.5 net profit for Q3

Sipchem, a leading petrochemical and chemical manufacturing company in Saudi Arabia, has reported a net profit of SR122 million ($32.5 million) for the third quarter of the year. “Though revenue was slightly lower than our e

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Saudi cement sales continue decline in August

Saudi Arabia’s cement sector continued to remain under pressure with total cement sales volume declining 16 per cent year-on-year (y-o-y) to 3.7 million tons in August, posting 12th y-o-y decline in last 13 months, a report said.

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Saudi consumer spending improves in July

Consumer spending in Saudi Arabia improved in July, as POS transactions and ATM withdrawals, both posted their best annual growth rates in about nine months, said Al Rajhi Capital, a top financial services provider in the kingdom.

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Saudi cement sales down 19pc during January-July

Saudi Arabia’s cement sales volume declined 19 per cent year-on-year (y-o-y) to 28.3 million tonnes during the first seven months of 2017, a report said. Meanwhile, clinker production fell 10 per cent on a yearly basis to 29

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Saudi cement sales down 19pc during January-July

Saudi Arabia’s cement sales volume declined 19 per cent year-on-year (y-o-y) to 28.3 million tonnes during the first seven months of 2017, a report said. Meanwhile, clinker production fell 10 per cent on a yearly basis to 29

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Saudi cement sales fall 18.7pc in January-May

In the first five months of 2017, the cement sales volume in Saudi Arabia fell 18.7 per cent year-on-year (y-o-y) to 22.6 million tonnes, while clinker production declined 11.3 per cent y-o-y, a report said. Northern and Najran ce

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Saudi cement sales fall 18.7pc in January-May

In the first five months of 2017, the cement sales volume in Saudi Arabia fell 18.7 per cent year-on-year (y-o-y) to 22.6 million tonnes, while clinker production declined 11.3 per cent y-o-y, a report said. Northern and Najran ce

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Man'oushe Street, Al Rajhi to open 25 branches in Riyadh

Man’oushe Street, a popular Middle Eastern home-styled street food eatery, has signed a strategic new master franchise agreement with international investment group Al Rajhi to open 25 new branches in Riyadh, Saudi Arabia. T

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