Riyad Bank (1010)

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News

28 April 06:39 PM Riyad Bank achieves SAR 2.07bn net profits in Q1-24

Riyadh – Mubasher: Riyad Bank generated net profits worth SAR 2.07 billion in the first quarter (Q1) of 2024, marking a 2.63% increase from SAR 2.01 billion in Q1-23. The earnings per share (EPS) stood at SAR 0.66 during the January-March 2024 …

Financial Results

4 April 11:45 AM Riyad Bank starts assessing potential IPO of Riyad Capital

Riyadh – Mubasher: Riyad Bank’s board decided to start the assessment and preparation of a possible Initial Public Offering (IPO) and listing of its subsidiary, Riyad Capital, on the Main Market of the Saudi Exchange. The bank announced that it …

Banking and Finance

15 February 05:48 PM ACWA Power secures $2.3bn financing for 3 solar power projects

Mubasher: ACWA Power Company secured a loan worth $2.30 billion (SAR 8.60 billion) for three of its solar power projects on 14 February. The funding will be provided over 27.75 years by a consortium of local, regional, and international banks, …

Banking and Finance

13 February 12:53 PM Riyad Bank unveils SAR 2.2bn dividends for H2-23

Riyadh – Mubasher: The board members of Riyad Bank recommended cash dividends after Zakat amounting to SAR 2.24 billion for the second half (H2) of 2023. The Saudi lender will disburse a dividend of SAR 0.75 per share for 2.99 billion eligible …

Banking and Finance

12 February 04:13 PM Riyad Bank’s profits jump to SAR 8bn in 2023

Riyadh – Mubasher: Riyad Bank achieved net profits worth SAR 8.04 billion in 2023, an annual rise of 14.62% from SAR 7.01 billion. Earnings per share (EPS) went up to SAR 2.58 last year from SAR 2.32 in 2022, according to the financial results. …

Financial Results

27 December 2023 10:52 AM Waja obtains SAR 25m loan from Riyad Bank

Riyadh – Mubasher: Waja Company renewed a credit facilities agreement compatible with the provisions of Islamic Sharia with Riyad Bank at a value of SAR 25.05 million. The firm will use the loan to issue bank letters of guarantee for projects, …

Companies Investments

14 December 2023 03:22 PM Riyad Bank’s CEO resigns; Al Koraya to succeed

Riyadh – Mubasher: The board members of Riyad Bank accepted, on 12 December 2023, the resignation of Tareq Abdulrahman Al Sadhan from his position as the CEO of the Saudi lender. Al Sadhan’s resignation will be effective on 31 January 2024, …

Banking and Finance

24 October 2023 01:29 PM Listed entities among FII7 conference’s global strategic partners

Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …

Event

22 October 2023 10:38 AM Riyad Bank’s net profits cross SAR 6bn in 9M-23

Riyadh – Mubasher: Riyad Bank recorded 22.03% year-on-year (YoY) higher net profits at SAR 6.09 billion in the first nine months (9M) of 2023, compared to SAR 4.99 billion. The clients’ deposits hit SAR 254.71 billion in 9M-23, up 7.98% from SAR …

Financial Results

17 October 2023 11:56 AM NMC secures SAR 500m financing from Riyad Bank

Riyadh – Mubasher: National Medical Care Company (NMC) secured two loans at a combined value of SAR 500 million from Riyad Bank on 16 October 2023, according to a bourse filing. The Saudi firm highlighted that the facility deal includes a SAR 200 …

Banking and Finance

3 October 2023 05:11 PM Banan Real Estate buys asset for nearly SAR 20m, secures funding from Riyad Bank

Riyadh – Mubasher: Banan Real Estate Company has purchased a 10,069 square metres land plot in the Al Qadisiyah district in Riyadh for SAR 19.93 million. The transaction, which was completed on 31 August 2023, was funded through Islamic facilities …

Banking and Finance

19 July 2023 04:41 PM Riyad Bank unveils 26.5% higher profits in H1-23, dividends

Riyadh – Mubasher: The net profits of Riyad Bank increased by 26.49% to SAR 4 billion in the first half (H1) of 2023 from SAR 3.16 billion in H1-22. Earnings per share (EPS) reached SAR 1.28 during January-June 2023, versus SAR 1.04 in the …

Banking and Finance

2 May 2023 10:33 AM Riyad Bank’s net profits cross SAR 2bn in Q1-23

Riyadh – Mubasher: Riyad Bank registered net profits valued at SAR 2.01 billion in the first quarter (Q1) of 2023, higher by 30.08% year-on-year (YoY) than SAR 1.55 billion. The earnings per share (EPS) went up to SAR 0.65 in Q1-23 from SAR 0.51 …

Banking and Finance

27 March 2023 11:03 AM Riyad Bank to distribute SAR 1.95bn cash dividends for H2-22

Riyadh – Mubasher: The shareholders of Riyad Bank approved the board’s recommendation to disburse cash dividends worth SAR 1.95 billion for the second half (H2) of 2022. The listed bank will grant SAR 0.65 per share for 3 billion eligible shares …

Cash Dividends

16 March 2023 11:11 AM Perfect Presentation obtains SAR 235m loan from Riyad Bank

Riyadh – Mubasher: Perfect Presentation for Commercial Services Company (2P) inked a Sharia-compliant facility agreement with Riyad Bank at a value of SAR 235 million on 14 March 2023. The financing deal is secured by promissory notes worth the …

Companies Investments

13 February 2023 10:59 AM Riyad Bank registers 16.5% higher profits in 2022

Riyadh – Mubasher: The net profits of Riyad Bank increased by 16.50% to SAR 7.01 billion in 2022, versus SAR 6.02 billion in 2021, according to the annual income statements. Earnings per share (EPS) settled at SAR 2.32 during the 12-month period …

Financial Results

8 January 2023 02:14 PM Saudi Home Loans unveils SAR 815m facilities from ANB, Riyad Bank

Riyadh – Mubasher: Saudi Home Loans Company (SHL) obtained loans worth SAR 815 million from Arab National Bank (ANB) and Riyad Bank on 4 January 2023, according to bourse disclosures. In the line with its strategic future plans, the firm will use …

Companies Investments

29 December 2022 02:10 PM National Building receives SAR 50m loan from Riyad Bank

Riyadh – Mubasher: National Building and Marketing Company obtained an Islamic tawarruq financing worth SAR 50 million from Riyad Bank on 28 December 2022. The firm will use the proceeds of the funding to finance its working capital and back its …

Companies Investments

20 December 2022 03:53 PM Nama Chemicals secures SAR 90m loans from Riyad Bank, NBK

Riyadh – Mubasher: Nama Chemicals Company obtained SAR 90 million facilities from Riyad Bank and the National Bank of Kuwait (NBK) on 19 December 2022, according to a bourse disclosure. The Saudi firm penned a Murabaha facility deal worth SAR 60 …

Sukuk and Islamic Finance

20 December 2022 00:11 PM Riyad Bank’s board proposes SAR 0.65/shr dividend for H2-22

Riyadh – Mubasher: The board of Riyad Bank recommended a cash dividend distribution after Zakat of SAR 0.65 per share, representing 6.50% of the share nominal value, for the second half (H2) of 2022. The bank would disburse a total of SAR 1.95 …

Banking and Finance

23 November 2022 02:15 PM Sumou Real Estate raises facility limit from Riyad Bank to SAR 286m

Riyadh – Mubasher: Sumou Real Estate Company penned a Sharia-compliant facility agreement with Riyad Bank to increase its loan limit to SAR 286 million from SAR 50 million. The firm will use the funding to issue letters of guarantee, according to …

Banking and Finance

31 October 2022 04:06 PM Riyad Bank announces new Chairman, Vice Chairman

Riyadh – Mubasher: Riyad Bank has named Abdullah Mohammed Al Issa as the new Chairman of the board for the next three years, according to a bourse disclosure. In addition, the Saudi lender appointed Mutaz Kusai Al Azzawi as the Vice Chairman. The …

Board of Directors

23 October 2022 03:45 PM Tadweer secures SAR 25m loan from Riyad Bank

Riyadh – Mubasher: National Environmental Recycling Company (Tadweer) has penned a Sharia-compliant facility agreement worth SAR 25 million with Riyad Bank, according to a recent bourse filing. The funding includes a revolving facility worth SAR 5 …

Companies Investments

23 October 2022 10:55 AM Riyad Bank's profits near SAR 5bn in 9M-22

Riyadh – Mubasher: Riyad Bank witnessed a 13.22% year-on-year (YoY) surge in net profit to SAR 4.99 billion during the first nine months (9M) of 2022, versus SAR 4.40 billion. Earnings per share (EPS) stood at SAR 1.64 in the January-September …

Banking and Finance

6 October 2022 05:23 PM Riyad Bank secures SAR 3.75bn from Additional Tier 1 capital Sukuk offering

Riyadh – Mubasher: Riyad Bank closed the offering of SAR-denominated Additional Tier 1 capital Sukuk on 5 October 2022 at a total value of SAR 3.75 billion through a private placement. Based on the minimum denomination and total issue size, the …

Banking and Finance