Bank Aljazira (1020)

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Yaqeen Capital Company to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Yaqeen plans to float 3 million shares, equivalent to 20% …

Riyadh – Mubasher: Bank Aljazira recorded an 8.03% year-on-year (YoY) drop in net profit to SAR 1.02 billion in 2023 from SAR 1.10 billion. The clients’ deposits increased by 9.34% YoY to SAR 94.05 billion as of 31 December 2023 from SAR 86.02 …

Riyadh – Mubasher: The board members of Bank Aljazira proposed a 25% capital raise to SAR 10.25 billion from SAR 8.20 billion, according to a bourse statement. By granting one share for every four shares, the number of the shares will stand at SAR …

Riyadh – Mubasher: Tam Development Company has signed a SAR 15 million Sharia-compliant banking facilities agreement with Bank Aljazira. The company obtained the one-year financing on 12 November 2023 for the purpose of facilitating bank …

Riyadh – Mubasher: The net profits of Bank Aljazira plunged by 14.40% to SAR 740.70 million in the first nine months (9M) of 2023 from SAR 865.30 million in 9M-22. The Saudi lender reported clients’ deposits valued at SAR 90.64 billion in 9M-23, …

Riyadh – Mubasher: Payment gateway provider in the MENA region HyperPay entered into strategic partnerships with prominent organisations at Seamless Saudi Arabia 2023 to help reshape the fintech landscape and elevate customer experiences, …

Riyadh – Mubasher: Bank Aljazira achieved 26.57% lower net profits at SAR 464.60 million during the first half (H1) of 2023, compared to SAR 632.70 million in the year-ago period. The clients’ deposits surged by 6.35% year-on-year (YoY) to SAR …

Riyadh – Mubasher: Bank Aljazira intends to offer domestic the SAR-denominated Tier 1 Sukuk issuance programme at a value of up to SAR 5 billion by way of a private placement. The lender has assigned AlJazira Capita as the sole arranger to handle …

Riyadh – Mubasher: The net profits of Bank Aljazira amounted to SAR 204 million in the first quarter (Q1) of 2023, an annual plunge of 45.59% from SAR 374.90 million. Earnings per share (EPS) declined to SAR 0.25 as of 31 March 2023 from SAR 0.43 …

Riyadh – Mubasher: Bank Aljazira posted a 10.24% year-on-year (YoY) rise in net profit to SAR 1.10 billion in 2022 from SAR 1 billion, according to the income statements. Earnings per share (EPS) stood at SAR 1.26 last year, higher than SAR 1.18 …

Riyadh – Mubasher: Raoom Trading Company obtained a Sharia-compliant financing facility worth SAR 30 million from Bank Aljazira on 13 December 2022, according to a recent bourse disclosure. The facility agreement, which is valid until 12 July …

Riyadh – Mubasher: Aljazira Takaful Taawuni Company signed on 9 November 2022 facility agreements at a combined value of SAR 49.06 million with Bank Al Jazira to provide credit insurance plans for personal and mortgage loans. The first deal which …

Riyadh – Mubasher: 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 per share (EPS) increased to SAR 1.01 in 9M-22, versus SAR 0.92 …

Riyadh – Mubasher: Bank Aljazira reported net profits worth SAR 632.70 million during the first half (H1) of 2022, higher by 10.46% than SAR 572.80 million in H1-21. Earnings per share (EPS) stood at SAR 0.72 in H1-22, compared to SAR 0.70 in …

Riyadh – Mubasher: The net profits of Bank Aljazira soared by 16.57% to SAR 374.90 million in the first quarter (Q1) of 2022, compared to SAR 321.60 million in Q1-21. Earnings per share (EPS) increased to SAR 0.43 during the first three months …

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has signed a Sharia-compliant facility agreement worth SAR 485 million with Bank AlJazira. Under the agreement, the majority of the loan will be used to settle existing medium-term facilities …

Riyadh – Mubasher: Bank Aljazira has penned four agreements with Aljazira Takaful Taawuni Company at a combined value of SAR 8.56 million. The two parties inked a contract worth SAR 329,743 to provide insurance coverage for all property risks. …

Riyadh – Mubasher: The board of Bank Aljazira has decided to distribute cash dividends worth SAR 287 million, accounting for 3.5% of the capital, for the second half (H2) of 2021. The Saudi listed bank will pay a dividend of SAR 0.35 per share …

Riyadh – Mubasher: The net profits of Bank Aljazira surged to SAR 1 billion in 2021, compared to SAR 33.8 million in the earlier year. The bank's net income from special commissions rose by 9.82% to SAR 2.63 billion in 2021 from SAR 2.39 billion …

Riyadh – Mubasher: Bank Aljazira has chosen Tarek Othman Al Kasabi to be the Chairman of the board for a three-year term as of 1 January 2022. The Saudi lender also appointed Abdulmajeed Ibrahim Al Sultan as the Vice Chairman for the same …

Riyadh – Mubasher: Abdullah Saad Mohammed AboMoati for Bookstores has extended its Sharia-aligned credit facilities agreement with Al Jazeera Bank. The company noted that the funding value stands at SAR 50 million, according to a bourse filing on …

Riyadh – Mubasher: Bank Aljazira announced the commencement of the Tier 2 Sukuk offering on 21 November, noting that it will end on 31 December. The SAR-denominated Sukuk offering value stands at up to SAR 2 billion, while the number of notes and …

Riyadh – Mubasher: Bank Aljazira plans to issue SAR-denominated Tier 2 Sukuk at a value of up to SAR 2 billion through a private placement. The Sukuk will hold a tenor of 10 years and can be redeemed in five years from the date of issuance, …

Riyadh – Mubasher: Bank Aljazira registered net profits worth SAR 204.5 million during the third quarter (Q3) of 2021, up 12.6% from SAR 181.6 million in Q3-20. Quarter-on-quarter (QoQ), the net profits in Q3-21 were 18.5% lower than SAR 251.2 …

Riyadh – Mubasher: Bank Aljazira announced signing two agreements with Aljazira Takaful Taawuni Company, according to two bourse disclosures on Thursday.  The first agreement is a real estate financing portfolio protection services deal valued …