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Kingdom Holding, Alinma plan $2.2bn Jeddah fundSaudi Arabia's Kingdom Holding said on Sunday that its affiliate Jeddah Economic Co had agreed with Alinma Bank to establish an SR8.4 billion ($2.2 billion) real estate development fund for Jeddah project. Jeddah Economic Comp More… |
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Alinma Bank proposes first share dividend in 6 yearsThe board of Saudi Arabia's Alinma Bank recommended a dividend of 0.5 riyal per share for 2014, a bank official said on Thursday. Earlier, Alinma said in a statement to the Saudi stock exchange that the dividend would be SR5. More… |
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Alinma, Deutsche Gulf in financing tie-upSaudi Arabia-based Alinma Bank has signed an agreement with Deutsche Gulf Finance to strengthen joint real estate financing and to provide programmes with affordable, long-term provisions with flexibility in repayment. Abdulmohsen Al-Fares More… |
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Alinma Bank, Tokio Marine plan insurance firmSaudi's Alinma Bank and the Saudi arm of Tokio Marine have signed an agreement to set up an insurance firm with a capital of 200 million riyals ($53 million), the bank said. The new insurance company will be 28.75 percent owned by Alinma w More… |
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$196.5m loan for Al Rajhi SteelSaudi-based Al Rajhi Steel Industries said it has obtained a SR737 million ($196.5 million) bank loan to more than double its steel rebar production by the start of 2012. The Sharia-compliant loan from Saudi Arabia's Alinma Bank will h More… |
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Alinma bank nets $104m in first 7 monthsSaudi Arabia's Alinma Bank said on Saturday it realised a net profit of SR390 million ($104 million) in its first seven months of operation. The Islamic lender started trading in June after an initial public offering, Saudi Arabia's bigges More… |
