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SRC in key mortgage portfolio acquisition dealSaudi Real Estate Refinancing Company (SRC) said it has signed an agreement with country's top bank National Commercial Bank (NBC) for a mortgage portfolio acquisition. The partnership agreement is a first More… |
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NCB's $6bn share offer 16 times subscribedThe retail portion of the SR22.5 billion ($6 billion) initial share sale by Saudi Arabia's National Commercial Bank (NCB) was 16 times subscribed late on the final day of the offer, the bank said on Sunday. As of eight o'c More… |
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National Commercial Bank to start IPO on Oct 19Saudi Arabia's National Commercial Bank will begin its much-anticipated initial share sale in October, a statement to the kingdom's stock market said on Sunday. The initial public offering (IPO), expected to be one of the More… |
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NCB plans $1.3bn capital hike before IPONational Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday. More… |
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Saudi NCB invites banks for key IPO adviser roleSaudi Arabia's National Commercial Bank (NCB) has invited banks to pitch for the adviser role on its highly-anticipated flotation on the kingdom's bourse, said the kingdom's top lender. The Saudi government said last m More… |
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Top Saudi bank NCB eyes $1.1bn sukukThe largest Saudi lender by assets, National Commercial Bank (NCB), plans to issue Islamic bonds worth about SR4 billion ($1.1 billion), the bank's chairman said, part of a wave of bank capital raising in the kingdom. More… |
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Gulf Capital gets $120m loan for Saudi projectAbu Dhabi-based private equity firm Gulf Capital signed a 450 million riyals ($120 million) loan facility with Saudi Arabia's National Commercial Bank to finance its first real estate project in the kingdom, it said on Sunday. More… |
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Saudi NCB net profit up 13pcSaudi Arabia's National Commercial Bank (NCB), the kingdom's biggest bank by assets, posted a 12.9 per cent rise in its second-quarter net profit, the lender said on Wednesday. State-owned NCB made a net profit of SR1.6 bi More… |
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Turkish Islamic bank profit up 61pcTurkish Islamic bank Turkiye Finans, which is majority-owned by Saudi's National Commercial Bank, said its net profit rose 61 per cent year-on-year to 145 million lira ($80.3 million) in the first half. The bank has also More… |
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Saudi awards $13.3bn building contracts in Q1The construction sector in Saudi Arabia witnessed solid growth during the first quarter with contracts worth SR49.7 billion ($13.3 billion) being awarded in the Kingdom compared to SR8.8 billion ($2.34 billion) contracts last year, said a report. More… |
