Tuesday 31 May 2016
 
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Al Rajhi

Al Rajhi Bank Q1 net profit rises 33pc

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 32.8 percent rise in first-quarter net profit on Sunday, beating analyst forecasts as it cut wage costs and fee income increased. The bank made a profit

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Al Rajhi Bank Q4 net profit rises 28.2pc

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 28.2 percent rise in its fourth-quarter net profit on Thursday, beating analyst forecasts. The bank made SR1.95 billion ($519.6 million) in the three mo

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JLL advises Al Rajhi Capital & Arcapita on fund exit

Leading real estate investment and advisory firm JLL advised Al Rajhi Capital and Arcapita, leading real estate asset managers in the region, on the sale of a portfolio of logistics and retail assets in Saudi Arabia and the UAE. &

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JLL advises Al Rajhi Capital & Arcapita on fund exit

Leading real estate investment and advisory firm JLL advised Al Rajhi Capital and Arcapita, leading real estate asset managers in the region, on the sale of a portfolio of logistics and retail assets in Saudi Arabia and the UAE. &

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Arcapita, Al Rajhi quit $360m real estate fund

Arcapita, the Bahrain-based investment management firm, has sold real estate assets it jointly held with Saudi Arabia's Al Rajhi Capital for SR1.35 billion ($359.81 million), the two companies said in a joint statement on Monday.

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AccorHotels plans 2,354 rooms in mega Makkah project

AccorHotels, a leading hotel operator, has signed three management agreements with Al Rajhi Investment Group for a trio-cluster of hotel properties in Al Naseem, a mega complex by Al Rajhi in Makkah, Saudi Arabia. The Al Naseem pr

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Al Rajhi Bank Q3 profit rises on lower expenses

Saudi Arabia's Al Rajhi Bank posted its first quarterly rise in net profit in nine quarters on Tuesday helped by lower expenses, the kingdom's econd-largest listed lender by assets said. Net profit rose 3.6 per cent to SR1

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Al Rajhi Q2 profit falls 0.4pc; beats estimates

Al Rajhi Bank, Saudi Arabia's second-largest lender, posted a marginal drop of 0.4 per cent in its second-quarter net profit, it said on Wednesday, beating analyst forecasts. The bank made SR1.94 billion ($517.6 million) in th

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Al Rajhi appoints new chief executive

Al Rajhi Bank, Saudi Arabia's second largest bank by assets, said on Sunday that Suleiman bin Abdul Aziz Al-Zabin had resigned as chief executive for personal reasons, effective May 17. Steve Bertamana has been appointed chief

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Saudi's Al Rajhi Bank posts 11 pc quarterly profit drop

Al Rajhi Bank, Saudi Arabia's second-largest lender, posted an 11 per cent drop in its first-quarter net profit, it said on Monday, missing analyst forecasts. The bank made 1.52 billion riyals ($405.3 million) in the three mon

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