Tuesday 30 September 2014
 
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National Commercial Bank

National Commercial Bank to start IPO on Oct 19

Saudi Arabia's National Commercial Bank will begin its much-anticipated initial share sale in October, a statement to the kingdom's stock market said on Sunday. The initial public offering (IPO), expected to be one of the

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NCB plans $1.3bn capital hike before IPO

National Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday.

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Saudi NCB invites banks for key IPO adviser role

Saudi Arabia's National Commercial Bank (NCB) has invited banks to pitch for the adviser role on its highly-anticipated flotation on the kingdom's bourse, said the kingdom's top lender. The Saudi government said last m

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Top Saudi bank NCB eyes $1.1bn sukuk

The largest Saudi lender by assets, National Commercial Bank (NCB), plans to issue Islamic bonds worth about SR4 billion ($1.1 billion), the bank's chairman said, part of a wave of bank capital raising in the kingdom.  

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Gulf Capital gets $120m loan for Saudi project

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.

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Saudi NCB net profit up 13pc

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

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Turkish Islamic bank profit up 61pc

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 

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Saudi awards $13.3bn building contracts in Q1

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.

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Saudi Arabia to post $25 billion 2011 surplus

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

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Saudi NCB posts 6.4pc rise in Q1 profit

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

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