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Al Rajhi Bank Q1 profit up 2pc to $546mAl Rajhi Bank, Saudi Arabia's largest listed lender, posted a 2 percent increase in its first-quarter net profit On Wednesday, helped by a jump in both lending and customer deposits portfolio. More… |
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Drake and Scull wins $100m new contractsContractor Drake & Scull International has been awarded contracts worth 369 million dirhams ($100.46 million) for the construction of three projects in Saudi Arabia and the UAE, it said on Tuesday. More… |
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Al Rajhi named advisor for Saudi solar projectIdea International Polysilicon Company (IPC) has appointed Al Rajhi Capital as financial advisor for its integrated project to produce Polysilicon, ingots and solar wafers in Yanbu Industrial City at the Western Region of Saudi More… |
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Saudi banks post impressive profit growthLeading Saudi banks, including HSBC affiliate SABB and the kingdom's biggest Islamic lender Al Rajhi Bank, today reported impressive profits for the first quarter of this year. SABB posted a 13.7 percent rise in first-quarter net profi More… |
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Gemalto deploys key solution at Al RajhiGemalto, a global leader in digital security, said it has completed the main phase of the Dexxis instant issuance deployment program for on-the-spot EMV card delivery at leading Saudi bank Al Rajhi. With this, Gemalto said Al Rajhi branche More… |
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Al Rajhi, Riyad Bank Q4 profits upTwo major Saudi lenders, Al Rajhi Bank and Riyad Bank, posted higher fourth-quarter results on Tuesday, but missed analyst expectations. The kingdom's biggest Islamic lender, Al Rajhi, posted a 13.9 per cent rise in its fourth-quarter net More… |
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TAV, partners sign Madinah airport dealA consortium comprising Turkey’s TAV, Saudi Oger and Al Rajhi Holding Group has signed a contract for Saudi Arabia’s Madinah airport, a report quoting TAV said. The consortium will build and operate the Madinah International Airport for 25 More… |
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SSS Process installs key solution for Saudi bankSSS Process, a leading company specialized in providing e-government services and software solutions, said it has completed the development of project management office (PMO) for Saudi-based Al Rajhi Bank. Based on Microsoft’s latest techn More… |
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Al Rajhi increases bandwidth by 75pcAl Rajhi Holding, a diversified business in Saudi Arabia and the UAE, improved bandwidth by 75 per cent while also cutting IT costs by 30 per cent using the network security appliance (NSA) series provided by SonicWall. The Group, with dis More… |
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S&P raises ratings of 2 Saudi banksStandard & Poor’s (S&P), a top financial research and ratings agency, has raised its ratings of two Saudi Arabia-based financial institutions based on their financial profile and stable outlook. Al Rajhi Bank Al Rajhi Bank' More… |
