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Riyad Capital REIT to distribute $4m dividendsRiyad Bank, one of the largest financial institutions in Saudi Arabia, said its investment banking arm is set to distribute dividends worth SR15 million ($4 million) to the unitholders of its real estate investment traded funds (REITs) for the p More… |
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Riyad Capital foresees 25pc growth in coming yearsRiyad Capital, the Saudi Arabian investment bank, expects its assets under management to grow at least 25 per cent over the next few years, helped by the opening of the kingdom's stock market to direct investment by foreigners later this yea More… |
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GIB, Riyad Capital close $133m sukukGIB Capital, a leading merchant bank based in Bahrain, has joined hands with Saudi bank Riyad Capital to successfully close a SR500 million ($133.3 million) Islamic bond for Ajil Financial Services Company. GIB Capital was established More… |
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Saudi GDP to grow by 5.1pcDespite the uncertain economic situation in developed countries, Saudi Arabia's gross domestic product (GDP) is expected to grow by 5.1 percent in 2012, a report said. As a result of a wide variety of trading partners to which Saudi Arabia More… |
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Riyad Capital eyes 20pc growthRiyad Capital, the investment banking arm of Riyad Bank aims to grow by at least 20 per cent in 2010, boosted by Saudi bourse growth, but more defaults at family-owned firms risk undermining optimism, the unit's chief executive said. & More… |
