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
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
Al Rajhi Bank, Saudi Arabia's second-largest listed lender, posted a 1.8 per cent drop in its fourth-quarter net profit, marking the sixth straight drop in quarterly profit for the sharia-compliant institution.
The bank was th
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