Al Rajhi Bank (1120)

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: 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: Professional Medical Expertise Company (ProMedEx) on 23 July 2024 secured a SAR 25 million credit facilities from Al Rajhi Bank to fund existing projects and business expansion. Guarantees offered for the financing include a …

Riyadh- Mubasher: Saudi Advanced Industries Company (SAIC) has renewed a Sharia-compliant credit facility agreement with Al Rajhi Capital, the asset management arm of the listed Al Rajhi Bank. SAIC obtained the SAR 100 million funding on 11 July …

Riyadh – Mubasher: Lana Medical Company has acquired 50% of Solar Laser Systems Company and Solar Maccom Company in Belarus for SAR 6 million. The deal aims to transfer industry and technologies to Saudi Arabia in line with Vision 2030, according …

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 …

Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) has signed SAR 1.62 billion banking facilities with Al Rajhi Bank The funding aims to enhance the company’s network infrastructure and cash flow to help improve its …

Riyadh – Mubasher: An affiliate company to Sahara International Petrochemical Company (Sipchem) has signed agreements to secure SAR 1.52 billion in financing from Banque Saudi Fransi and Al Rajhi Bank. With an eight-year maturity, the new loan …

Riyadh – Mubasher: Al Rajhi Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital sustainable sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have no fixed …

Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated additional tier 1 capital sustainable sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to Saudi …

Riyadh – Mubasher: Al Rajhi Bank registered SAR 4.40 billion in net profit during the first quarter (Q1) of 2024, higher by 6.27% than SAR 4.14 billion in Q1-23. The clients’ deposits stood at SAR 603.97 billion as of 31 March 2024, an annual rise …

Riyadh – Mubasher: Ladun Investment Company’s board approved signing a SAR 573 million credit facility agreement with Al Rajhi Bank. The loan will be used to finance the company and its subsidiary Built Industrial, according to a bourse filing. …

Riyadh – Mubasher: Al Rajhi Bank has concluded the issuance of $1 billion USD-denominated Shari’ah-compliant sustainable Sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have a maturity of five …

Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to local and international investors, according …

Riyadh – Mubasher: Al Rajhi Bank announced the board’s proposal to pay SAR 4.60 billion as cash dividends after Zakat for the second half (H2) of 2023, according to a bourse filing. The lender will disburse a dividend of SAR 1.15 per share, …

Riyadh – Mubasher: Modern Mills Company (MMC) has unveiled that the price range for its initial public offering (IPO) on the Saudi Exchange (Tadawul) is set between SAR 44 and SAR 48 per share. The Saudi-based milling and nutrition company also …

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has obtained Islamic Sharia-compliant banking facilities from Al Rajhi Bank at an amount of SAR 500 million. The group secured the loan, on 1 February 2024, to finance its mergers and …

Riyadh – Mubasher: Al Rajhi Bank achieved net profits valued at SAR 16.62 billion in 2023, an annual decline of 3.09% from SAR 17.15 billion. The clients’ deposits rose by 1.45% year-on-year (YoY) to SAR 573.10 billion as of 31 December 2023 from …

Riyadh – Mubasher: Jabal Omar Development Company inked a SAR 1.90 billion facility deal with Al Rajhi Bank on 25 January 2024, according to a recent bourse disclosure. The financing was guaranteed by security over certain real estate assets …

Riyadh - Mubasher: The Saudi Real Estate Refinance Company (SRC), a fully owned subsidiary of the Public Investment Fund (PIF), extended its refinancing agreement with Al Rajhi Bank with an additional SAR 5.80 billion. The deal brings the total …

Riyadh – Mubasher: Al Rajhi Bank has appointed Abdullah bin Sulaiman Al Rajhi as the Chairman of the board for the next three years. The lender also named Ibrahim bin Mohammed Al Romaih as the Vice Chairman, according to a bourse disclosure. The …

Riyadh – Mubasher: Waja Company, a multi-sector Saudi Joint-stock company, signed a banking facility that is compliant with the Islamic Sharia to obtain funding from Al Rajhi Bank.  The financing amount is SAR 9 million with a duration period of …

Riyadh – Mubasher: Al Rajhi Bank posted a 2.31% drop in net profit to SAR 12.45 billion during the first nine months (9M) of 2023, compared to SAR 12.74 billion in the year-ago period. The lender reported clients’ deposits standing at SAR 565.71 …

Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) has secured a long-term Murabaha facilities agreement at a combined value of SAR 1.05 million, according to a bourse filing. Al Arabia obtained SAR 350 million from Banque Saudi …

Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) extended a Sharia-compliant facility deal with Al Rajhi Bank at a value of SAR 150 million. The Saudi company will use the proceeds to finance new project …