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Al Rajhi posts $509m Q4 net profitAl Rajhi Bank, Saudi Arabia's largest listed lender, posted a small rise in fourth-quarter net profit on Wednesday, coming in slightly below the average forecast of analysts. The bank made SR1.91 billion ($509 million) in the More… |
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Al Rajhi Bank CEO resignsThe board of Saudi Arabia's Al Rajhi Bank accepted the resignation of its chief executive Abdullah al-Rajhi, replacing him with Suleiman Al-Zain, according to a statement on the bourse website on Sunday. The statement said the resig More… |
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Al Rajhi bank in Jordan ATM dealSnax, a leading chain of convenience stores operated by Al-Mashrabia Trading Company in Jordan, has inked a deal with leading Saudi bank Al Rajhi to install ATM machines at a number of its branches located across Amman. The initial ph More… |
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Al Rajhi bank in Jordan ATM dealSnax, a leading chain of convenience stores operated by Al-Mashrabia Trading Company in Jordan, has inked a deal with leading Saudi bank Al Rajhi to install ATM machines at a number of its branches located across Amman. The initial ph More… |
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Al Rajhi Bank opens 2 branches in JordanAl Rajhi Bank, Saudi Arabia's biggest Islamic bank, has opened two branches in Jordan and is planning to open more, it said on Tuesday, as part of its regional expansion plan. 'The Jordanian market is the third market in which the More… |
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Rajhi Bank nearly doubles provisionsAl-Rajhi Bank has nearly doubled provisions during the third quarter to cover 122 percent of its total non-performing loans, the Saudi lender said on Wednesday. The bank posted an 8.6 percent fall in third-quarter earnings. &nbs More… |
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Al Rajhi boosts loan loss provisions in Q1Al Rajhi Bank, the biggest Saudi-based lender by market value, raised provisions against loan losses by 24.5 per cent during the first quarter, though these were still at their lowest level in four quarters. Bourse data showed that Rajhi s More… |
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Al Rajhi launches home finance info campaignAl Rajhi Bank is launching a campaign with an objective to provide important information and facts about home finance. The campaign is built around three main aspects: Buying on installments or renting? Does home finance meet expectations? More… |
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Al Rajhi plans major Jordan expansionSaudi-based Al Rajhi Bank will have five branches in Jordan within one year, the first of which will start in 2010 along with another in Kuwait, in its biggest foreign expansion since 2006, Rajhi's CEO said. Jordan presents the Gulf More… |
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Al-Rajhi, Arcapita launch $500m property fundAl Rajhi Capital, subsidiary of Saudi Arabia’s Al Rajhi Bank, and Arcapita Bank, headquarted in Bahrain, have launched a $500 million (SR1.87 billion) Gulf property income fund to capitalise on falling prices. The ARC Real Estate Inco More… |
