Saudi’s Al Rajhi Bank Posts Small Q4 Net Profit Rise
Al Rajhi Bank, Saudi Arabia's largest listed lender, posted a small rise in fourth-quarter net profit on…
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Saudi Arabia’s banks
Saudi Holland Bank Shareholders Approve 1.4 Bln-Riyal Sukuk
Saudi Hollandi Bank shareholders have agreed to issue an Islamic bond, or sukuk, worth 1.4 billion riyals ($373…
Saudi Islamic Development Bank Prices US$ 800 Mln Sukuk
Saudi-based Islamic Development Bank (IDB) priced an US$800 million five-year sharia-compliant bond, or sukuk, on…
Saudi Banks Register High Growth Despite Euro Zone Crisis
The Saudi Arabian banking industry registered an impressive growth despite the euro zone crisis and it is estimated…
Fitch Affirms Saudi Investment Bank At ‘A-‘; Outlook Stable
Fitch Ratings has affirmed Saudi Arabia-based The Saudi Investment Bank's (SAIB) Long-term Issuer Default Rating…
Fitch Affirms Saudi Arab National Bank’s Rating At A; Outlook Stable
Fitch Ratings has affirmed Arab National Bank's (ANB) Long-term Issuer Default Rating (IDR) at 'A' with a Stable…
NCB Capital: Saudi Banks’ Loan Growth Will Boost Profits
Profit growth for Saudi banks in 2012 will be driven by strong growth in loan volumes, particularly in the retail…
Five Saudi Banks To Underwrite US$ 1.6 Bln Zain Saudi Share Issue
Saudi Arabia's Al Rajhi Bank and Banque Saudi Fransi are among five banks underwriting a six billion riyals…
KSA’s Banks Made A Record In Arranging Syndicated Loans
Saudi Arabia’s banks have arranged the most loan syndications on record this year as they support the government’s…
Saudi Central Bank Left Interest Rates Unchanged
Saudi Arabia's central bank has decided to keep its key interest rates unchanged in June, as it still sees…
KSA’s SABB Launches Islamic Business Packages To SMEs
Kingdom of Saudi Arabia’s SABB Business Banking has launched its 'Islamic Business Packages', a campaign which…
CI Affirms KSA’s Al Rajhi Bank Rating At ’AA-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed the ratings of Al…
KSA’s Banks Face Risk From Asset Liability Mismatch: Alinma CEO
Saudi Arabia’s banks face the biggest risk from a maturity mismatch between assets and liabilities and need to find…
KSA’s Banks To Sell Dollar Bonds
Saudi Arabia's banks may follow Banque Saudi Fransi and sell bonds denominated in dollars to better meet the…
KSA’s National Commercial Bank Rating Affirmed At ‘AA-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed the ratings of…
Saudi Arabia’s Banks Q1 Profit Reports SR9.6 Bln
Saudi Arabia’s 12 major banks reported a total profit of SR9.6 billion in Q1, 2012, reflecting a year-on-year…