Bank Albilad (1140)

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the requests of Bank Albilad and Aldrees Petroleum and Transport Services Company to increase their capital. The Saudi lender will raise its capital by granting one bonus share for …

Riyadh – Mubasher: Bank Albilad registered SAR 2.36 billion in net profit during the January-December 2023 period, higher by 13.80% year-on-year (YoY) than SAR 2.08 billion. The lender reported an 18.97% hike in clients’ deposits to SAR 112.83 …

Riyadh - Mubasher: Waja Company recently secured three separate financing agreements, all compliant with Islamic Sharia principles, to support the issuance of bank letters of guarantee for its projects. Bank Albilad provided a one-year facility …

Riyadh – Mubasher: Bank Albilad recorded 14.27% higher net profits at SAR 1.76 billion in the first nine months (9M) of 2023, versus SAR 1.54 billion in 9M-22. The clients’ deposits hit SAR 108.91 billion in 9M-23, up 16.01% year-on-year …

Riyadh – Mubasher: Bank Albilad logged net profits amounting to SAR 1.14 billion in the first half (H1) of 2023, higher by 14.43% than SAR 1 billion in H1-22. Earnings per share (EPS) increased to SAR 1.15 during January-June 2023 from SAR 1.01 in …

Riyadh – Mubasher: The shareholders of Bank Albilad greenlighted the payment of SAR 500 million as cash dividends for 2022, according to a bourse filing. In this regard, the lender will distribute SAR 0.50 per share, accounting for 5% of the share …

Riyadh – Mubasher: Bank Albilad reported an annual growth of 14.20% in net profit to SAR 559.90 million during the first quarter (Q1) of 2023, compared to SAR 490.30 million. The earnings per share (EPS) hit SAR 0.56 as of 31 March 2023, higher …

Riyadh – Mubasher: The net profits of Bank Albilad amounted to SAR 2.08 billion in 2022, higher by 23.43% year-on-year (YoY) than SAR 1.68 billion. Earnings per share (EPS) increased to SAR 2.09 last year from SAR 1.69 in 2021, according to the …

Riyadh – Mubasher: Bank Albilad plans to buy 5 million of its ordinary shares to be allocated as treasury shares within the employee shares programme. The lender’s board granted its approval for the transaction, which will be self-funded, on 12 …

Riyadh – Mubasher: The board of Bank Albilad recommended cash dividends after Zakat worth SAR 500 million, representing 5% of the capital, for 2022. Under the board’s proposal which was determined on 29 December 2022, the lender would disburse SAR …

Riyadh - Mubasher: Ladun Investment Company has obtained a non-revolving facility worth SAR 750 million from Bank Albilad on 29 November 2022, according to a bourse filing. The Tadawul-listed firm will use SAR 500 million, which will be paid over …

Riyadh – Mubasher: Bank Albilad posted a 22.52% leap in net profit to SAR 1.54 billion during the first nine months (9M) of 2022, compared to SAR 1.25 billion in 9M-21. The earnings per share (EPS) went up to SAR 1.55 in 9M-22, versus SAR 1.26 …

Riyadh – Mubasher: Watani Iron Steel Company has renewed and amended a Sharia-compliant credit facility agreement worth SAR 60 million with Bank Albilad. The loan aims to finance the steel company’s working capital, according to a bourse …

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has secured Sharia-aligned funding at a combined value of SAR 1.26 billion from Bank Albilad, Banque Saudi Fransi, and Gulf International Bank (GIB). …

Riyadh – Mubasher: Bank Albilad announced the establishment of a new subsidiary under the name Enjaz Payment Services Company with a capital of SAR 200 million. The new subsidiary, headquartered in Riyadh city, is fully-owned by Bank Albilad, …

Riyadh – Mubasher: Bank Albilad has achieved net profits worth SAR 1 billion in the first half (H1) of 2022, an annual jump of 23.80% from SAR 808.80 million. Earnings per share (EPS) settled at SAR 1.01 in the first six months (6M) of 2022, …

Riyadh – Mubasher: Bank Albilad has named Nasser Mohammed Al Subaie as the new Chairman of the board for the coming three years. During the extraordinary general meeting (EGM) that was held on Monday, 11 April, the shareholders also appointed …

Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has inked a Sharia-compliant bank facility agreement worth SAR 375 million with Bank Albilad. The 10-year deal includes a long-term financing worth SAR 300 million in addition to a …

Riyadh – Mubasher: The shareholders of Bank Albilad have agreed to raise its capital by 33.33% from SAR 7.50 billion to SAR 10 billion. The bank will capitalise SAR 2.50 billion from the retained earnings account through bonus shares, according to …

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Bank Albilad to increase the capital by SAR 2.5 billion through bonus shares that will be paid from the retained earnings account. The company will issue 250 …

Riyadh – Mubasher: The net profits of Bank Albilad jumped by 25.06% to SAR 1.69 billion in 2021, compared to SAR 1.35 billion in the earlier year. Higher net profits are driven by the 8% rise in total operating income due to higher net income from …

Riyadh – Mubasher: Jabal Omar Development Company (JODC) has signed a facility agreement with Bank Albilad to obtain SAR 1 billion that will be repaid in equal semi-annual instalments. The loan duration is eight years starting from 9 December …

Riyadh – Mubasher: The board of Bank Albilad has recommended a 33.33 % capital raise to SAR 10 billion from SAR 7.5 billion by granting one bonus share for every three shares to the bank's shareholders. To increase the capital, SAR 2.5 billion …

Riyadh – Mubasher: Bank Albilad achieved net profits worth SAR 449.7 million during the third quarter (Q3) of 2021, up by 17.5% from SAR 382.6 million in Q3-20. On a quarterly basis, the net profits were 8% higher than SAR 416.1 million in Q2-21, …

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has renewed and amended a credit facilities agreement with Bank Albilad on Monday, 6 September. The Sharia-compliant loans include short- and medium-term funding that was decreased from SAR 540 …