IsDBI, IFSD, and OPHI organize training for IsDB Group staff
Jeddah, Kingdom Saudi Arabia: The Islamic Development Bank Institute (IsDBI), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) jointly organized a training workshop on […]
SPIMACO obtains $239.44mln loans from SABB, Al Rajhi Bank
Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) secured two loans worth SAR 900 million with Saudi British Bank (SABB) and Al Rajhi Bank on 28 December 2022. The two […]
Saudi: SABB partners with Cybersource for eCommerce space
Saudi British Bank (SABB) has announced a strategic partnership with Visa’s Cybersource payment gateway and risk platform, with the aim of fostering the bank’s growth in an evolving and dynamic […]
Standard Chartered Bank appoints CEO for Saudi unit
Standard Chartered Bank has appointed Mazen Fahad Al Bunyan as Chief Executive Officer, Standard Chartered Bank Saudi Arabia, effective November 2022. Prior to joining Standard Chartered Bank, Al Bunyan was […]
Saudi National Bank not concerned about Credit Suisse’s governance
Saudi National Bank (SNB) said on Friday it had not come across any information that might raise concerns over the governance of Credit Suisse and was supportive of […]
Saudi bank lending could take a hit in 2023 without liquidity support
Saudi banks are likely to require further central bank liquidity injections after interbank spreads rose sharply in October and as lending growth continues to outpace deposit growth, Fitch Ratings said […]
Arab Bank’s profit for first 9 months up nearly 50% on higher interest, loans
Arab Bank Group’s profits have jumped by nearly 50% on the back of higher interest and commission income, as well as loans and deposits. The bank’s net income after tax […]
Arab Bank Group profits up 49% to $405.8mln
Arab Bank Group delivered strong financial performance in the first nine months of this year, reporting a net income after tax of $405.8 million as compared to $271.7 […]
Bank Aljazira’s profits hit $230.66mln in 9M-22 interim results
Bank Aljazira generated SAR 865.30 million in net profit during the first nine months (9M) of 2022, an annual jump of 11.32% from SAR 777.30 million. The earnings […]
Saudi’s SAMA: POS operations valued at $2.73bln in a week
The Saudi Central Bank (SAMA) revealed that the value of sales through point-of-sale (POS) operations in Saudi Arabia amounted to about SR10.27 billion during the week that ended […]
