Sunday 21 September 2014
 
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Al Rajhi

Al Rajhi Bank Q2 profit slips 8.2pc

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

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Al Rajhi Bank earnings slip again on provisions

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

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Strong Saudi economy boosts bank profits

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.   H

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ENBD, Al Rajhi win Visa Leader awards

Emirates NBD and Al Rajhi Banking & Investment Corp were among the 20 financial institutions to receive the Visa Leader Award at the Visa APCEMEA  2013 Security Summit.    The award recognises the b

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Al Rajhi Bank Q1 profit up 2pc to $546m

  Al Rajhi Bank, Saudi Arabia's largest listed lender, posted a 2 percent increase in its first-quarter net profit On Wednesday, helped by a jump in both lending and customer deposits portfolio.  

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Drake and Scull wins $100m new contracts

  Contractor Drake & Scull International has been awarded contracts worth 369 million dirhams ($100.46 million) for the construction of three projects in Saudi Arabia and the UAE, it said on Tuesday.  

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Al Rajhi named advisor for Saudi solar project

  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

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Saudi banks post impressive profit growth

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

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Gemalto deploys key solution at Al Rajhi

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

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Al Rajhi, Riyad Bank Q4 profits up

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

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