Monday 5 December 2016
 
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NCB

Saudi NCB's net profit up 3.2pc in Q2

Saudi Arabia's National Commercial Bank (NCB), the kingdom's listed largest lender, reported a 3.2 per cent rise in second-quarter net profit on Sunday, at the low end of analysts' forecasts. The bank made a net profit

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Saudi construction contract value plunges 51pc in Q1

The total value of construction contracts awarded in Saudi Arabia hit SR27.9 billion ($7.4 billion) during the first quarter, down 51 per cent over SR57.3 billion ($15.2 billion) for the same period last year, said a report by the country's

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Gemalto to deploy contactless EMV cards for NCB

Saudi Arabia's National Commercial Bank (NCB) has chosen Gemalto, a leader in digital security, to migrate its entire portfolio of credit cards to fast, convenient and secure contactless EMV (Europay, Mastercard and Visa) cards, according

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NCB to close branches in Lebanon

National Commercial Bank , Saudi Arabia's largest bank, will close its two branches in Lebanon because of low financial returns, the lender said on Thursday. Both branches are in Beirut. Lebanon's economy has been struggli

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Fawaz Alhokair net profits fall 14.2pc

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Company reported a 14.2 per cent fall in third-quarter net profit on Thursday. The company made a net profit of SR91.2 million ($24.3 million) in the three months to December 31, dow

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NCB Q4 net profit rises 16.6 pct

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest bank, reported a 16.6 per cent rise in fourth-quarter net profit on Wednesday, beating analysts' forecasts. The lender made a net profit of SR2.13 bi

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Saudi NCB wins approval for derivatives unit

National Commercial Bank , Saudi Arabia's largest lender, has received regulatory approval to set up a subsidiary to engage in derivatives trading and repo activities, the lender said on Tuesday. The Cayman Islands-based unit,

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Saudi's NCB settles issuance of $719m sukuk

Saudi Arabia's National Commercial Bank (NCB) has completed a subordinated Additional Tier 1 Capital Sukuk worth worth SR2.7 billion ($719.54 million), the company announced in a bourse statement on Wednesday.  

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NCB selects Microland as IT infrastructure services partner

Saudi Arabia's National Commercial Bank (NCB) has selected Microland, a leading Indian hybrid IT infrastructure services provider, as its IT infrastructure services partner to manage its branch technology services across the kingdom.

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NCB selects Microland as IT infrastructure services partner

Saudi Arabia's National Commercial Bank (NCB) has selected Microland, a leading Indian hybrid IT infrastructure services provider, as its IT infrastructure services partner to manage its branch technology services across the kingdom.

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