Al Rajhi Bank (1120)

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News

22 January 2019 00:35 PM Al Rajhi Bank starts opening current accounts online

Riyadh – Mubasher: Saudi Arabia-based Al Rajhi Bank announced the beginning of opening current accounts online without visiting a branch. After starting this service, clients will not visit the bank branches, excluding in special cases due to …

Banking and Finance

14 January 2019 04:50 PM Farm Superstores renews SAR 200m loan with Al Rajhi Bank

Riyadh – Mubasher: Saudi Market Company, known as Farm Superstores Co, on Monday announced renewing a SAR 200 million sharia-compliant credit facility with Al Rajhi Bank. The financing’s tenure extends from 14 January until 30 September, according …

Banking and Finance

13 January 2019 09:09 AM Al Rajhi Bank in talks over Malaysian unit merger

Riyadh – Mubasher: Al Rajhi Bank on Sunday revealed that it has received preliminary approvals from two central banks for the potential merger of one of its wholly-owned subsidiaries with a Malaysian firm. The Saudi-listed bank is looking to merge …

Mergers and Acquisitions

6 January 2019 10:46 AM Al Rajhi Bank EGM nods to 53.8% capital hike

Al Rajhi Bank on Sunday announced that its extraordinary general meeting (EGM) has approved the decision to increase capital through the issuance of bonus shares.

Global Markets brief

12 November 2018 00:22 PM Tadawul listed firms’ profit falls 16% YoY in Q3

By: Thabet Shehata Riyadh – Mubasher: Consolidated profits of the companies listed on the Saudi Stock Exchange (Tadawul) retreated 16% year-on-year in the third quarter of 2018. Net profits amounted to SAR 33.2 billion ($8.85 billion) during the …

Financial Results

31 October 2018 05:35 PM Tadawul listed banks’ profit jumps 11% YoY in Q3

By: Elsayed Gamal Riyadh – Mubasher: Saudi banks listed on the Saudi Stock Exchange (Tadawul) achieved SAR 1.21 billion ($324 million), or 10.7% year-on-year profit growth in the third quarter of 2018, with the exception of Alawwal Bank’s profits …

Sector Reports

24 October 2018 04:30 PM Al Rajhi Bank posts SAR 2.6bn profit in Q3

Riyadh – Mubasher: Al Rajhi Bank on Wednesday said that net profits went up 13.6% year-on-year to SAR 2.57 billion during the third quarter of 2018, compared to SAR 2.27 billion. The bank ascribed the third-quarter profit growth to 10.2% increase …

Banking and Finance

4 October 2018 05:51 PM CI assigns negative outlook to Al Rajhi

Riyadh - Mubasher: Capital Intelligence has affirmed Al Rajhi Bank’s strong capital adequacy and foreign currency ratings at “A+”, downgrading the outlook from stable to negative. The ratings are attributed to the bank’s assets and good …

Ratings

30 September 2018 03:16 PM Al Rajhi Bank’s stock tops Tadawul’s blue chips in Q3

By: Thabet Shehata  Riyadh – Mubasher: The banking sector’s stocks on the Saudi Stock Exchange (Tadawul) topped blue-chip peers by the end of the third quarter of 2018, led by Al Rajhi Bank’s stock with 15.13%. The list of 30 heavyweight stocks on …

Trading Activities

31 July 2018 01:03 PM Nasdaq Dubai to launch equity futures for 12 Saudi firms in September

Riyadh – Mubasher: Nasdaq Dubai on Tuesday has said that it will launch equity futures for 12 Saudi companies in September. The firms include the Saudi Basic Industries Corporation (SABIC), Kayan Petrochemical Company, Saudi Electricity Company …

Management Decisions

26 July 2018 09:25 AM Al Rajhi Bank profit goes up in Q2, H1

Riyadh – Mubasher: Saudi Arabia-based Al Rajhi Bank on Thursday posted a 17.74% year-on-year jump in net profits during the second quarter of 2018, registering SAR 2.57 billion, from SAR 2.18 billion. Net profit of the kingdom's second largest by …

Banking and Finance

17 July 2018 00:44 PM Al Rajhi Bank’s stock sees SAR 25m private deal Tuesday

Riyadh – Mubasher: A private transaction was implemented on Al Rajhi Bank’s stock at a value of SAR 25.16 million on Tuesday on the Saudi Stock Exchange (Tadawul). The deal saw trading of 282,700 shares, at a value of SAR 89 per share, according …

Trading Activities

28 June 2018 03:26 PM Moody’s assigns Counterparty Risk Ratings to 11 Saudi banks

Riyadh – Mubasher: Moody's Investors Service has assigned Counterparty Risk Ratings (CRR) to 11 Saudi banks. The banks are: The Saudi Investment Bank (SAIB), Saudi British Bank (SABB), Samba Financial Group, Riyad Bank, National Commercial Bank …

Ratings

10 June 2018 10:36 AM Sahara Petrochemicals gets SAR 450m loan

Riyadh – Mubasher: Sahara Petrochemicals on Sunday announced signing an agreement for an SAR 450 million ($120 million) loan with Alrajhi Bank. The one-year facility, which extends from 7 June 2018 until 7 June 2019, will be used to finance …

Companies Investments

31 May 2018 11:57 AM Musharaka REIT Fund secures SAR 400m facility from Al Rajhi Bank

Riyadh – Mubasher: Musharaka REIT Fund has announced signing an agreement with Al Rajhi Bank to obtain an SAR 400 million loan with +1.85% SIBOR cost for six months. The seven-year facility will be compliant with the Islamic sharia, according to a …

Banking and Finance

13 May 2018 05:12 PM Saudi banks’ net profit grows 7% in Q1

By: Thabet Shehata Riyadh – Mubasher: Consolidated profits of banks operating in Saudi Arabia increased 7.4% year-on-year to SAR 12.51 billion in the first three months of 2018, up from SAR 11.64 billion. Banks’ investment portfolio significantly …

Financial Results

1 May 2018 10:04 AM Al Rajhi Bank logs SAR 2.38bn profit in Q1

Riyadh – Mubasher: Saudi Arabia-based Al Rajhi Bank on Tuesday posted a 7.29% year-on-year increase in its net profits during the first quarter of 2018, compared to the year-ago period. Al Rajhi Bank's net profit amounted to SAR 2.38 billion in …

Financial Results

5 April 2018 04:58 PM Al Gassim Investment gets SAR 30m loan from Al Rajhi Bank

Riyadh – Mubasher: Al Gassim Investment Holding Co on Thursday announced the signing of a three-year agreement with Al Rajhi Bank for SAR 30 million in facilities. The Islamic Sharia-compliant loan is guaranteed by a property mortgage and a …

Corporate Actions

22 March 2018 01:14 PM Al Rajhi Bank’s stock sees SAR 1.7m private deal Thursday

Riyadh – Mubasher: A private transaction was executed on Al Rajhi Bank’s stock at a value of SAR 1.7 million on Thursday on the Saudi Stock Exchange (Tadawul). The deal saw trading of 22,930 shares, at SAR 73.90 per share. The stock’s highest …

Trading Activities

19 February 2018 02:07 PM Saudi market's potential weight to hit 2.3% after listing on MSCI

Riyadh – Mubasher: Saudi market's potential weight may reach 2.3% when it will be listed on Morgan Stanley Capital International’s (MSCI) index, according to consultation document posted on MSCI’s website. Around 32 Saudi companies are nominated …

Ratings

18 February 2018 10:11 AM Al Rajhi Bank proposes SAR 2.5/shr dividends for H2-17

Riyadh – Mubasher: Al Rajhi Bank’s board of directors recommended the distribution of SAR 4.06 billion in cash dividends with a dividend per share of SAR 2.5, representing 25% of the share’s par value, according to a statement to the Saudi Stock …

Cash Dividends

11 February 2018 10:04 AM Al Rajhi Bank posts SAR 9.12bn profits in 2017

Riyadh – Mubasher: Al Rajhi Bank on Sunday posted a net profit of SAR 9.12 billion ($2.43 billion) for the full-year 2017, registering a rise of SAR 12.24% from SAR 8.13 billion in 2016 ($2.17 billion). Earnings per share (EPS) amounted to SAR …

Financial Results

9 January 2018 04:47 PM Dallah Healthcare obtains SAR 1.3bn Islamic loan from Al Rajhi bank

Riyadh – Mubasher: Saudi Arabia-based Dallah Healthcare Company (DHC) signed a SAR 1.3 billion Islamic loan contract with Al Rajhi Bank. The eight-year funding was signed on Monday, according to DHC’s statement on Tuesday to the Saudi Stock …

Banking and Finance

3 January 2018 11:39 AM SABIC’s profits may grow 19% in Q4-17 – KASB Capital

Riyadh – Mubasher: Saudi Arabia-based KASB Capital expects Saudi Basic Industries Corp’s (SABIC) profits will jump 19.1% to SAR 5.327 billion in the fourth quarter of 2017. Meanwhile, it projected that Yanbu National Petrochemicals’ (Yansab) …

Corporate Actions

24 December 2017 02:08 PM Al Rajhi to kick off REIT Fund's IPO on January

Riyadh – Mubasher: Al Rajhi real estate investment traded fund's (Al Rajhi REIT fund) initial public offering (IPO) will start on 1 January until 14 January 2018, said Al Rajhi Capital. Subscription in the IPO will be available through Al Rajhi …

Initial Public Offerings