Tuesday 23 December 2014
 
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Al Rajhi Bank

Apicorp seals $267m funding deal with Al-Rajhi

Arab Petroleum Investments Corporation (Apicorp), a multilateral bank owned by Arab states, has sealed a Shari’ah-compliant facility worth SR1 billion ($267 million) with top Saudi lender Al Rajhi Bank. The five-year bilater

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Al Rajhi to expand sukuk business

The investment banking arm of Saudi Arabia's top listed lender, Al Rajhi Bank, plans to expand its sukuk business, its chief executive said, tapping into heavy demand for sharia-compliant products in the Gulf's largest economy.

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Diebold delivers advanced ATMs to Al Rajhi

US-based Diebold, a leader in providing innovative self-service technology, security systems and related services, said it has delivered advanced ATMs and custom kiosks to top Saudi lender Al Rajhi Bank. The customized kiosks offe

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Al Rajhi posts $509m Q4 net profit

Al 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

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Al Rajhi Bank CEO resigns

The 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

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Al Rajhi bank in Jordan ATM deal

Snax, 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

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Al Rajhi bank in Jordan ATM deal

Snax, 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

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Al Rajhi Bank opens 2 branches in Jordan

Al 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

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Rajhi Bank nearly doubles provisions

Al-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

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Al Rajhi boosts loan loss provisions in Q1

Al 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

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