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Banking & Insurance

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13 February 2025 02:23 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Trading Activities
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12 February 2025 07:22 PM SAIB to disburse 4% of capital as cash dividends for H2-24
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) unveiled cash dividends valued at SAR 498.93 million, equivalent to 4% of its capital, for the second half (H2) of 2024. SAB will disburse a dividend after Zakat of SAR 0.40 per share for 1.24 …
Banking and Finance
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12 February 2025 11:55 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Trading Activities
Photo Archive
11 February 2025 02:00 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Companies Investments
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10 February 2025 03:15 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Banking and Finance
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9 February 2025 09:24 AM Bank Albilad’s board mulls 20% capital hike
Riyadh – Mubasher: Bank Albilad announced the board’s proposal to increase its capital by granting one bonus share for every five shares, according to a bourse filing.   The lender will capitalise SAR 1.50 billion from the retained earnings ‎and …
Management Decisions
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6 February 2025 06:59 AM SHL Finance obtains SAR 200m facility from Emirates NBD
Riyadh – Mubasher: SHL Finance Company signed a Sharia-compliant banking facility agreement with Emirates NBD valued at SAR 200 million. The company secured the loan on 5 February to expand and increase its sales volume in line with its growth …
Companies Investments
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6 February 2025 06:57 AM ADNIC’s Saudi expansions drives highest-ever reported insurance revenue in 2024
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) posted higher net profits after tax at AED 419.45 million in 2024, compared to AED 401.16 million in 2023. Revenues increased by 54.60% year-on-year (YoY) to AED 7.17 billion at …
Banking and Finance
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5 February 2025 08:04 PM PIF-backed Roshn inks SAR 2bn financing deal with SNB
Riyadh – Mubasher: The Saudi National Bank (SNB) inked a Sharia-compliant credit facility agreement worth SAR 2 billion with Roshn Group, a wholly-owned company by the Saudi Public Investment Fund (PIF). The group will use the loan to expand …
Banking and Finance
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5 February 2025 07:36 PM SAB to distribute 10% of capital as dividends for H2-24
Riyadh – Mubasher: The board members of Saudi Awwal Bank (SAB) proposed cash dividends valued at SAR 2.05 billion, equivalent to 10% of its capital, for the second half (H2) of 2024. SAB will pay out a dividend after Zakat of SAR 1 per share for …
Board of Directors
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5 February 2025 05:26 PM Sumou Real Estate secures SAR 130m loan from SAB
Riyadh – Mubasher: Sumou Real Estate Company inked a credit facilities agreement with Saudi Awwal Bank (SAB) at an amount of SAR 130 million. The financing is valid for 48 months starting from 4 February 2025, according to a bourse filing. The …
Companies Investments
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5 February 2025 11:35 AM ANB posts SAR 4.9bn profits in 2024; dividends for H2-24 unveiled
Riyadh – Mubasher: Arab National Bank (ANB) generated SAR 4.96 billion in net profit as of 31 December 2024, higher by 21.98% year-on-year (YoY) than SAR 4.07 billion. Earnings per share (EPS) rose to SAR 2.26 last year from SAR 1.91 in 2023, …
Banking and Finance
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4 February 2025 08:01 PM Ma’aden to offer USD-denominated issuance
Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) plans to issue USD-denominated trust certificates under its international trust certificate issuance programme, to be established on 4 February 2025. The issuance is expected to be through …
Banking and Finance
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4 February 2025 11:05 AM Riyad Bank to pay out SAR 2.6bn dividends for H2-24
Riyadh – Mubasher: Riyad Bank recommended cash dividends valued at SAR 2.69 billion, equivalent to 9% of its capital, for the second half (H2) of 2024. The bank will disburse a divined after Zakat worth SAR 0.90 for 2.99 billion eligible shares, …
Cash Dividends
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4 February 2025 10:37 AM Bank Albilad records 18.5% higher profits in 2024
Riyadh – Mubasher: Bank Albilad registered SAR 2.80 billion in net profit as of 31 December 2024, higher by 18.47% year-on-year (YoY) than SAR 2.36 billion. Earnings per share (EPS) increased to SAR 2.26 last year from SAR 1.91 in 2023, according …
Financial Results
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3 February 2025 07:31 PM Al Arabia inks SAR 972m facility deal with SAB
Riyadh Mubasher: Arabian Contracting Services Company (Al Arabia) penned a long-term bank facility agreement valued at SAR 972 million with Saudi Awwal Bank (SAB) on 3 February. The company aims to refinance the acquisition loan to Faden Media to …
Banking and Finance
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3 February 2025 06:27 PM Alkhorayef Water hikes financing from Alinma Bank to SAR 630m
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company increased its Sharia-compliant financing with Alinma Bank to SAR 630 million from SAR 250 million, according to a bourse filing. The security provided for the financing under the …
Companies Investments
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3 February 2025 05:56 PM BKN301 launches regional office in Qatar to foster MENA’s digital solutions
Mubasher: BKN301 Group, a London-based banking as a service (BaaS) technology provider, has launched an office in Qatar, serving as the company’s regional headquarters (HQ) for the MENA region. This move aligns with BKN301’s development strategy …
Global Economy
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3 February 2025 05:22 PM Riyad Bank registers 16% higher profits in 2024
Riyadh – Mubasher: Riyad Bank generated net profits amounting to SAR 9.32 billion as of 31 December 2024, higher by 15.86% year-on-year (YoY) than SAR 8.04 billion. The earnings per share (EPS) increased to SAR 3.01 last year from SAR 2.58 in …
Financial Results
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3 February 2025 00:16 PM MIS obtains SAR 1.6bn loan from Banque Saudi Fransi
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured a SAR 1.64 billion sharia-compliant facility from Banque Saudi Fransi, according to a bourse disclosure. The company will use the proceeds of the facility deal for invoice …
Banking and Finance
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2 February 2025 08:26 PM SEC boosts capital structure after settling SAR 5.6bn obligations
Riyadh – Mubasher: The Saudi Electricity Company (SEC)is set to complete the necessary procedures to settle its SAR 5.68 billion obligations to the government, according to a bourse disclosure. The ministerial committee for the Restructuring of …
Banking and Finance
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2 February 2025 06:20 PM Bank Aljazira records SAR 1.2bn net profits in 2024
Riyadh – Mubasher: Bank Aljazira logged net profits standing at SAR 1.23 billion as of 31 December 2024, higher by 20.69% year-on-year (YoY) than SAR 1.02 billion. Earnings per share (EPS) hit SAR 1.01 in 2024, compared to SAR 0.86 a year earlier, …
Financial Results
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2 February 2025 05:53 PM SAB posts 15% higher profits in 2024
Riyadh – Mubasher: Saudi Awwal Bank (SAB) logged net profits valued at SAR 8.07 billion in 2024, up 15.25% year-on-year (YoY) from SAR 7 billion. The clients' deposits hit SAR 267.01 billion at the end of December 2024, an annual rise of 5.35% …
Financial Results
Photo Archive
2 February 2025 03:12 PM Banque Saudi Fransi’s board proposes SAR 1.2bn dividends for H2-24
Riyadh – Mubasher: The board members of Banque Saudi Fransi recommended cash dividends worth SAR 1.24 billion, equivalent to 5% of the capital, for the second half (H2) of 2024. The Saudi lender will disburse a dividend after Zakat worth SAR 0.50 …
Cash Dividends
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2 February 2025 09:27 AM Mashreq Bank’s regional growth motivates over AED 9bn profits in 2024
Dubai – Mubasher: The net profits after tax of Mashreq Bank grew by 4% year-on-year (YoY) to AED 9.01 billion in 2024 from AED 8.67 billion, according to the financial results. Total operating income witnessed an annual increase of 24% to AED …
Banking and Finance