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 […]
Halwani Bros obtains nearly $61.6mln funding from Al Rajhi Bank
Halwani Bros Company has secured SAR 230.83 million total funding from Al Rajhi Bank after it penned an amendment of existing Sharia-aligned compliant financing agreement with the lender to […]
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 Kayan signs murabaha facility worth $800mln
Saudi Kayan Petrochemical Co. has signed murabaha revolving credit facility agreement for 3 billion riyals ($800 million) with Saudi National Bank. The five-year facility will utilised to meet the working […]
Aljazira Takaful sees 24% higher profits in 9M-22 initial results
Aljazira Takaful Taawuni Company posted a 23.83% jump in net profit before Zakat to SAR 26.15 million during the first nine months (9M) of 2022, versus SAR 21.12 […]
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 […]
PIF launches new company to promote Saudi Arabia as a global Halal hub
The Public Investment Fund (PIF) launched on Monday the Halal Products Development Company (HPDC), which will invest in localizing the Halal production industry in Saudi Arabia by increasing […]
SABB Takaful pens $4.53mln deal with Al Olayan Group
SABB Takaful Company inked a SAR 17.31 million contract with Al Olayan Group on 30 September 2022 for general insurance programmes. The value of the contract represents more than […]
Albilad Capital to distribute dividends for Sukuk Fund’s unitholders
Albilad Capital announced cash dividends worth SAR 409,146 to the unitholders of Albilad Saudi Sovereign Sukuk ETF for September 2022, according to a bourse disclosure. The company will […]
