Abu Dhabi-based private equity firm Gulf Capital signed a 450 million riyals ($120 million) loan facility with Saudi Arabia's National Commercial Bank to finance its first real estate project in the kingdom, it said on Sunday.
Saudi Arabia's National Commercial Bank (NCB), the kingdom's biggest bank by assets, posted a 12.9 per cent rise in its second-quarter net profit, the lender said on Wednesday.
State-owned NCB made a net profit of SR1.6 bi
Turkish Islamic bank Turkiye Finans, which is majority-owned by Saudi's National Commercial Bank, said its net profit rose 61 per cent year-on-year to 145 million lira ($80.3 million) in the first half.
The bank has also
The construction sector in Saudi Arabia witnessed solid growth during the first quarter with contracts worth SR49.7 billion ($13.3 billion) being awarded in the Kingdom compared to SR8.8 billion ($2.34 billion) contracts last year, said a report.
Saudi Arabia will post a SR95 billion ($25 billion) surplus this year, despite its record spending plans, based on an average oil price of $95 per barrel, a state-owned bank said on Saturday.
The biggest Arab economy rolled out its third c
National Commercial Bank (NCB), Saudi Arabia's biggest bank by assets, posted a 6.4 percent rise in its first-quarter net profit, the lender said in an emailed statement on Tuesday.
State-owned NCB made a net profit of 1.5 billion Saudi ri
National Commercial Bank (NCB), Saudi Arabia's biggest bank by assets, posted a 3.4 per cent rise in its second-quarter net profit.
Based on Reuters calculations, the unlisted lender made a net profit of SR1.23 billion in the three months
Most of the extra income resulting from higher tariffs for government, commercial and industrial users will go to Saudi Electricity's bottom line, NCB Capital said on Sunday.
The state-controlled power utility said on Saturday it would
National Commercial Bank (NCB), Saudi Arabia's largest bank by assets, made a net profit of SR770 million ($205.3 million) in the fourth quarter versus a net loss of 2.55 billion riyals a year earlier.
The state-owned NCB, which is sla
National Commercial Bank (NCB), Saudi Arabia's largest bank by assets, made a net loss of SR2.55 billion ($680 million) in the fourth quarter, blaming provisions for its investments for a poor performance in 2008.
State-owned NCB made