Riyad Bank (1010)

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News

15 September 2024 00:53 PM MIS granted SAR 252m loan from Riyad Bank

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS (obtained SAR 252 million from Riyad Bank on 10 September 2024, according to a bourse disclosure. The Saudi firm will use the Sharia-compliant facility for invoice payables, project …

Banking and Finance

20 August 2024 09:22 AM Banan Real Estate obtains SAR 50m loan from Riyad Bank

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 …

Real estate

5 August 2024 08:40 AM Riyad Bank’s profits up 10% in H1-24; assets hit SAR 405bn

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 …

Financial Results

23 July 2024 05:52 PM Ladun renews SAR 181.5m facilities with Riyad Bank

Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …

Banking and Finance

15 July 2024 11:09 AM ADES Holding secures $3bn dual-currency debt facility from local, regional listed entities

Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …

Banking and Finance

10 July 2024 07:16 PM 2P Perfect Presentation pens SAR 121m facility agreement with Riyad Bank

Riyadh – Mubasher: Perfect presentation for commercial services Company (2P Perfect Presentation) has signed a Sharia-aligned increase facility agreement with Riyad Bank on 10 July 2024. The facility agreement holds a value of SAR 121 million …

Banking and Finance

11 June 2024 11:04 AM PIF’s ROSHN Group pens MoU with four major saudii banks

Riyadh – Mubasher: ROSHN Group, a real estate developer owned by the Saudi Public Investment Fund (PIF), has signed memorandum of understanding (MoU) with Arab National Bank, Bank Albilad, Bank AlJazira, and Riyad Bank. Under the MoUs, which were …

Banking and Finance

21 May 2024 00:01 PM Riyad Capital launches 1957 Ventures fund to anchor fintech sector

Riyadh – Mubasher: Riyad Capital has launched the 1957 Ventures fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in the Saudi fintech sector. The launch aligns with the objectives of Saudi Vision 2030 and the …

Banking and Finance

28 April 2024 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 2024 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 2024 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, …

Utilities

13 February 2024 00:53 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 2024 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, …

Banking and Finance

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, …

Board of Directors

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 …

Banking and Finance

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 …

Companies Investments

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 …

Companies Investments

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 …

Financial Results

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 …

Financial Results

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 …

Banking and Finance

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 …

Banking and Finance

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 …

Banking and Finance