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Riyad Bank Q2 net profit dips, misses forecastRiyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 0.7 per cent decline in its second-quarter net profit on Thursday, missing analysts' average forecast. The bank said it made SR1.13 billion ($301.3 milli More… |
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Riyad Bank Q1 net profit rises 8.6pcRiyad Bank, Saudi Arabia's third-largest listed lender by assets, posted an 8.6 per cent increase in its first-quarter net profit on Tuesday, citing a rise in operating income. The bank said it made SR1.17 billion ($312 millio More… |
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Aljazira names advisers for $800m rights issueSaudi Arabia's Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it on a SR3 billion ($800 million) rights issue. The price and number of shares to More… |
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Saudi banks' profit down in Q4Some of the leading banks in Saudi Arabia have announced a decline in profits for the fourth quarter of last year. Al-Rajhi Bank, the kingdom's largest lender by market value, said its net profit fell 9.6 percent in the fourth quarter, More… |
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Riyad Bank's Q4 profit up 13pcRiyad Bank, Saudi Arabia's fifth largest bank by market value, said it made a fourth-quarter net profit of 793 million riyals ($211.5 million), up 13 percent from the year-earlier period. Riyad bank's net operating income rose 6 percent in More… |
