Riyadh – Mubasher: The Public Investment Fund (PIF) has obtained a $15 billion revolving credit facility for general corporate purposes, according to a press release. This funding, which replaces the previous $15 billion revolving credit facility …
Riyadh – Mubasher: Alkhaleej Training and Education Company inked a SAR 29.19 million contract with the Company for Cooperative Insurance (Tawuniya) on 27 August 2024. Tawuniya will provide medical insurance services to Alkhaleej Training’s …
Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) was awarded a SAR 85.96 million project contract from the Ministry of Health on 26 August 2024. The deal covers the operation and maintenance of the …
Riyadh – Mubasher: Saudi Electricity Company (SEC) obtained $4 billion (SAR 15 billion) in international syndicated revolving credit facilities on 25 August 2024, according to a bourse filing. A number of regional and international lenders …
Riyadh – Mubasher: Naba Alsaha Medical Services Company obtained a credit facilities deal valued at SAR 250 million from Riyad Bank on 22 August 2024, according to a bourse disclosure. The Saudi company will use the nine-year loan to finance the …
Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …
Riyadh – Mubasher: Al Jouf Cement Company penned a credit facilities agreement valued at SAR 150 million with Al Rajhi Bank on 19 August 2024. The Saudi company will use the loan to repay part of an existing financing and support its operations …
Riyadh – Mubasher: Banan Real Estate Company signed a credit facilities agreement valued at SAR 50 million with Riyad Bank on 19 August 2024. The Saudi company will use the five-year financing to expand business activities, according to a bourse …
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) posted net profits after Zakat attributable to the owners valued at SAR 59.86 million in the first half (H1) of 2024. The recorded net profits were lower by …
Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) posted net profits after Zakat attributable to the owners valued at SAR 11.59 million in the first half (H1) of 2024. The recorded net profit shrank by 77.84% year-on-year …
Riyadh – Mubasher: Walaa Cooperative Insurance Company logged net profits after Zakat attributable to the owners valued at SAR 64.30 million in the first half (H1) of 2024, an annual rise of 2.14% from SAR 62.95 million. Earnings per share (EPS) …
Riyadh – Mubasher: Arab National Bank (ANB) logged net profits valued at SAR 2.46 billion in the first half (H1) of 2024, up 20.05% year-on-year (YoY) from SAR 2.05 billion. Earnings per share (EPS) increased to SAR 1.23 in H1-24 from SAR 1.03 in …
Riyadh – Mubasher: Banque Saudi Fransi generated 6% higher net profits at SAR 2.27 billion in the first half (H1) of 2024, compared to SAR 2.15 billion in H1-23. Earnings per share (EPS) hit SAR 1.81 in H1-24, higher year-on-year (YoY) than SAR …
Riyadh – Mubasher: Saudi Awwal Bank (SAB) registered an annual growth of 22.54% in net profit to SAR 4.06 billion during the first half (H1) of 2024, compared to SAR 3.31 billion. Earnings per share (EPS) increased to SAR 1.90 in H1-24 from SAR …
Riyadh – Mubasher: Bank Aljazira generated SAR 618 million in net profit during the first half (H1) of 2024, up 33.01% year-on-year (YoY) from SAR 464.60 million. Earnings per share (EPS) went up to SAR 0.51 in H1-24 from SAR 0.42 in H1-23, …
Riyadh – Mubasher: The net profits of Alinma Bank reached SAR 2.73 billion in the first half (H1) of 2024, up 24.43% year-on-year (YoY) from SAR 2.19 billion. Earnings per share (EPS) increased to SAR 1.06 in H1-24 from SAR 0.84 in H1-23, …
Riyadh – Mubasher: The net profits of Bank Albilad hit SAR 1.31 billion in the first half (H1) of 2024, an annual rise of 14.67% from SAR 1.14 billion, according to the interim financials. Earnings per share (EPS) increased to SAR 1.06 in H1-24 …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) logged net profits after Zakat attributable to the shareholders worth SAR 75.27 million in the first half (H1) of 2024, an annual rise of 5.78% from SAR 71.16 million. Earnings per share …
Riyadh – Mubasher: The Saudi National Bank (SNB) posted 2.32% higher net profits at SAR 10.27 billion in the first half (H1) of 2024, compared to SAR 10.03 billion in H1-23, according to the interim financials. Earnings per share (EPS) went up to …
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya)generated net profits after Zakat attributable to the shareholders valued at SAR 656.50 million in the first half (H1) of 2024. The recorded net profits were 104.95% year-on-year …
Riyadh – Mubasher: The net profits of Al Rajhi Bank climbed by 9.74% to SAR 9.10 billion in the first half (H1) of 2024 from SAR 8.29 billion in H1-23. Earnings per share (EPS) stood at SAR 2.16 in H1-24, higher year-on-year (YoY) than SAR 1.97, …
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) registered an annual increase of 8.92% in net profit to SAR 928.80 million during the first half (H1) of 2024, compared to SAR 852.70 million. Earnings per share (EPS) increased to SAR 0.68 in …
Riyadh – Mubasher: The net profits of Riyad Bank increased by 10.20% year-on-year (YoY) to SAR 4.41 billion in the first half (H1) of 2024 from SAR 4 billion. Earnings per share (EPS) amounted to SAR 1.42 as of 30 June 2024, versus SAR 1.28 in …
Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …
Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company witnessed net profits after Zakat attributable to the shareholders at SAR 764.02 million in the first half (H1) of 2024. The recorded net profits were 36.44% year-on-year (YoY) …
