Wednesday 26 July 2017
 
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Al Rajhi

Saudi cement sales fall 18.7pc in January-May

In the first five months of 2017, the cement sales volume in Saudi Arabia fell 18.7 per cent year-on-year (y-o-y) to 22.6 million tonnes, while clinker production declined 11.3 per cent y-o-y, a report said. Northern and Najran ce

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Saudi cement sales fall 18.7pc in January-May

In the first five months of 2017, the cement sales volume in Saudi Arabia fell 18.7 per cent year-on-year (y-o-y) to 22.6 million tonnes, while clinker production declined 11.3 per cent y-o-y, a report said. Northern and Najran ce

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Man'oushe Street, Al Rajhi to open 25 branches in Riyadh

Man’oushe Street, a popular Middle Eastern home-styled street food eatery, has signed a strategic new master franchise agreement with international investment group Al Rajhi to open 25 new branches in Riyadh, Saudi Arabia. T

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Jarir Q1 profit jumps 27pc to $59m

Saudi Arabia-based Jarir Marketing, a leader in office and school supplies, has posted a net profit of SR221.4 million ($59 million) for the first quarter (Q1) of 2017, as against SR174.1 million in Q1 2016, an increase of 27.2 per cent.

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Almarai Q1: Tepid revenue growth continues

Almarai’s year-on-year (y-o-y) revenue growth, which slowed considerably in the last two quarters to approximately 1.0 - 2.5 per cent, slowed further to just 0.3 per cent y-o-y in Q1 2017, a report said. The fall is due to s

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Almarai Q1: Tepid revenue growth continues

Almarai’s year-on-year (y-o-y) revenue growth, which slowed considerably in the last two quarters to approximately 1.0 - 2.5 per cent, slowed further to just 0.3 per cent y-o-y in Q1 2017, a report said. The fall is due to s

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Saudi liquidity continues to improve

The overall liquidity situation in Saudi Arabia, which started easing following the Government’s successful foray into international bond market, improved further during October, a report said. The improvement was seen in a

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Crystal-gazing consumer spending in Saudi Arabia

Consumer patterns in Saudi Arabia suggest that households could it tough to cut spending with the ongoing austerity measures and move to lower priced items, while retailers may resort to discounting to protect market share, a report said.

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Liquidity easing in Saudi financial markets

Liquidity in Saudi Arabian financial markets is improving owing to government initiatives such as the successful foray into international bond market, a report said. Meanwhile, the Saudi Arabia Interbank Offered Rate (Saibor) has

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Al Rajhi Bank Q1 net profit rises 33pc

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 32.8 percent rise in first-quarter net profit on Sunday, beating analyst forecasts as it cut wage costs and fee income increased. The bank made a profit

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