Friday 29 May 2015
 
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Al Rajhi

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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Al Rajhi posts sixth straight drop in quarterly profit

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

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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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