Al Rajhi Bank (1120)

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News

8 February 2023 00:09 PM Saudi Azm extends SAR 35m facility deal with Al Rajhi Bank

Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company has renewed a Sharia-compliant facility worth SAR 35 million with Al Rajhi Bank, according to a bourse filing. The company will use the loan to finance its working …

Companies Investments

30 January 2023 09:45 AM Al Rajhi Bank records SAR 17.15bn profits in 2022

Riyadh – Mubasher: Al Rajhi Bank posted a 16.31% year-on-year (YoY) growth in net profit to SAR 17.15 billion during 2022, compared to SAR 14.74 billion. Earnings per share (EPS) stood at SAR 4.24 last year, higher than SAR 3.69 in 2021, according …

Banking and Finance

15 January 2023 09:51 AM Al Rajhi Bank’s board suggests SAR 5bn dividends for 2022

Riyadh – Mubasher: The board of Al Rajhi Bank recommended on 12 January 2023 cash dividends after Zakat worth SAR 5 billion for 2022, according to a bourse disclosure. The Saudi lender would pay out a dividend of SAR 1.25 per share, equivalent to …

Cash Dividends

8 January 2023 05:48 PM Halwani Bros obtains nearly SAR 231m funding from Al Rajhi Bank

Riyadh – Mubasher: Halwani Bros Company has secured SAR 230.83 million total funding from Al Rajhi Bank after it penned an amendment of existing Sharia-aligned compliant financing agreement with the lender to endorse the working capital and reduce …

Companies Investments

1 January 2023 11:56 AM SPIMACO obtains SAR 900m loans from SABB, Al Rajhi Bank

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) secured two loans worth SAR 900 million with Saudi British Bank (SABB) and Al Rajhi Bank on 28 December 2022. The two facilities are guaranteed by …

Banking and Finance

15 November 2022 04:19 PM Al Rajhi Bank raises SAR 10bn from Tier 1 Sukuk offering

Riyadh – Mubasher: Al Rajhi Bank has closed the offering of SAR-denominated Tier 1 Sukuk at a total value of SAR 10 billion, according to a bourse disclosure. The total number of Sukuk notes reached 10 million at a par value of SAR 1,000 each. …

Banking and Finance

23 October 2022 11:40 AM Al Rajhi Bank’s profits rise 19% in 9M-22 interim results

Riyadh – Mubasher: Al Rajhi Bank has registered net profits worth SAR 12.74 billion in the first nine months (9M) of 2022, higher by 18.74% than SAR 10.73 billion in 9M-21.  The earnings per share (EPS) stood at SAR 3.16 in 9M-22, compared to SAR …

Banking and Finance

12 October 2022 00:09 AM Al Rajhi Bank can provide up to SAR 900m facilities to REIT Fund

Riyadh – Mubasher: The board of Al Rajhi REIT Fund gave a green light to increase the limit of the Sharia-compliant facilities from Al Rajhi Bank for the purpose of acquisition by SAR 300 million. The Saudi lender can provide up to SAR 900 million …

Board of Directors

28 September 2022 04:01 PM Maharah secures SAR 200m loan from Al Rajhi Bank

Riyadh – Mubasher: Maharah Human Resources Company obtained a long-term Sharia-compliant Murabaha loan worth SAR 200 million from Al Rajhi Bank on 27 September 2022. The company will use the facility to finance its future acquisitions, according …

Banking and Finance

18 September 2022 05:31 PM Al Rajhi Bank ups stake in Alrajhi Takaful

Riyadh – Mubasher: Al Rajhi Bank has increased its stake in Al-Rajhi Company for Cooperative Insurance (Alrajhi Takaful) to 35% after obtaining the Saudi Central Bank’s (SAMA) go-ahead.  The transaction aims to strengthen the bank’s role …

Central Banks

21 August 2022 10:34 AM Maharah obtains SAR 362.5m loans from Al Rajhi Bank, SABB

Riyadh – Mubasher: Maharah Human Resources Company has secured long-term Sharia-compliant Murabaha loans from Al Rajhi Bank and Saudi British Bank (SABB) to finance the company's future acquisitions. Maharah obtained a long-term loan of SAR 181.50 …

Companies Investments

31 July 2022 09:37 AM Al Rajhi Bank reports 21% profit hike in H1-22 initial financials

Riyadh – Mubasher: Al Rajhi Bank reported an increase of 20.9% in net profits for the first half (H1) of 2022 at SAR 8.4 billion, compared with SAR 6.9 billion in the corresponding period in 2021. Earnings per share (EPS) were SAR 2.08 in H1-22, …

Financial Results

26 June 2022 07:15 PM Tadawul to launch Single Stock Futures in July; 10 listed firms chosen

Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …

Global Economy

2 June 2022 04:21 PM Alkhorayef Water obtains SAR 315m financing from Al Rajhi Bank

Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been granted Sharia-compliant financing worth SAR 314.70 million from Al Rajhi Bank. Through the three-year financing, the company will support projects to improve water …

Companies Investments

9 May 2022 10:09 AM Al Rajhi Bank's EGM nods to SAR 15bn capital raise

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Rajhi Bank has approved a capital raise to SAR 40 billion from SAR 25 billion by granting bonus shares. The bank will capitalise SAR 15 billion from retained earnings account by …

Management Decisions

27 April 2022 03:12 PM Al Rajhi Bank reports 24% higher profits in Q1-22 initial financials

Riyadh – Mubasher: Al Rajhi Bank generated SAR 4.13 billion in net profit during the first quarter (Q1) of 2022, a 23.95% year-on-year (YoY) hike from SAR 3.33 billion. The earnings per share (EPS) stood at SAR 1.65 in Q1-22, higher than SAR 1.33 …

Banking and Finance

14 April 2022 06:32 PM MIS renews SAR 500m facility with Al Rajhi Bank

Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has renewed a Sharia-compliant facility worth SAR 500 million with Al Rajhi Bank. Valid until 31 December this year, the funding aims to finance projects and issue bank letters of …

Banking and Finance

10 March 2022 08:29 PM CMA approves Al Rajhi Bank’s capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) has granted its green light for Al Rajhi Bank’s request to increase its capital through bonus shares. The capital raise will be carried out by granting three bonus shares for every five owned …

Corporate Actions

20 February 2022 03:07 PM Al Rajhi Bank’s board proposes 60% capital raise

Riyadh – Mubasher: The board of Al Rajhi Bank has recommended a 60 % capital increase to SAR 40 billion from SAR 25 billion through bonus shares. The capital raise will be carried out by granting three bonus shares for every five owned shares, …

Board of Directors

15 February 2022 00:16 AM Al Rajhi Bank posts SAR 14.7bn profits in 2021

Riyadh – Mubasher: Al Rajhi Bank reported net profits of SAR 14.74 billion in 2021, a surge of 39.16% from SAR 10.59 billion a year earlier. The bank's earnings per share increased to SAR 5.9 in 2021, compared to SAR 4.24 in 2020, according to a …

Financial Results

25 January 2022 10:22 AM Al Rajhi REIT Fund increases facilities limit from Al Rajhi Bank

Riyadh – Mubasher: Al Rajhi REIT Fund has completed the increase of the limit of the shariah-compliant facilities granted by Al Rajhi Bank to SAR 600 million. The seven-year facility has raised the total size of the facilities granted to the fund …

Banking and Finance

17 January 2022 03:24 PM Al Rajhi Bank completes SAR 6.5bn Sukuk issuance

Riyadh – Mubasher:  Al Rajhi Bank has completed the issuance of its Saudi riyal-denominated Tier 1 Sukuk at a value of SAR 6.5 billion. The settlement issuance was set on 23 January 2021, according to a bourse filing on Monday. The number of Sukuk …

Sukuk and Islamic Finance

11 January 2022 09:56 AM Alhasoob obtains SAR 7.5m Sharia-compliant financing

Riyadh – Mubasher: Alhasoob Co. has been granted short-term Sharia-compliant financing worth SAR 7.5 million from Al Rajhi Bank. The one-year financing will support the company to fulfill its strategic expansion plan to meet future needs, …

Companies Investments

17 November 2021 01:31 PM Al Rajhi Takaful signs bancassurance deal with Al Rajhi Bank

Riyadh – Mubasher: Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) has penned a bancassurance contract Al Rajhi Bank. Al Rajhi Takaful has been awarded the agreement on 16 November, which will be effective for 12 months, according to …

Companies Investments

24 October 2021 05:45 PM Dallah Healthcare secures long-term Murabaha facility from Al Rajhi Bank

Riyadh – Mubasher: Dallah Healthcare Company has obtained a long-term Murabaha loan worth SAR 900 million from Al Rajhi Bank. The financing facility holds a 10-year duration period from the date of receiving the Sharia-compliant funding on 24 …

Banking and Finance