Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Saudi's National Commercial Bank Q3 net income rises 7.8 pct - statement

The bank began a two-week subscription period on Sunday for its 22.5 billion riyals ($6.0 billion) share sale.

Dubai Islamic Bank Group announces its Nine Months 2014 results

Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its Nine Months 2014 results for the period ended September 30, 2014.

Sharjah Islamic Bank announces 33.5% rise in net profits in 3Q

Sharjah Islamic Bank announced its nine month of 2014 results with Net Profits reaching Dhs295 million, compared to 221 million achieved in the same period last year, a 33.5% growth rate

Doha Bank Q3 profit rises 5% to QR1.13bn

The bank increased its net operating income by 14% to reach QR2.2bn. Fees and commission income for Q3, 2014 showed an impressive growth of 27%, reaching QR363mn compared to QR286mn for the same period in 2013.

Masraf Al Rayan profit up 14.1pc to QR1.42bn

The total assets reached QR77.8bn compared to QR 66.90bn as of September 30 , 2013, a growth of 16.3 percent.

Qatar Islamic Bank profit up 16 per cent at QAR 1.13 billion in first nine months

Qatar Islamic Bank (QIB) announced net profit reached QAR 1.13 billion for nine months ended 30 September 2014 representing a growth of 16 per cent compared to the same period last year.

Saudi Samba Q3 profit up 9 pct as operating income rises

The bank attributed its profit rise to a 6 percent increase in total operating income to 1.85 billion riyals, without elaborating.

SABB profit up 17.8% for nine months

The Saudi British Bank has reported a net profit of SR3,297 million for the nine months ended Sept. 30, an increase of SR499 million or 17.8 percent compared to SR2,798 million for the same period in 2013.

QFC banks record rapid growth in 2013

Banks operating in the Qatar Financial Centre saw rapid growth in 2013.

Bank Muscat's nine-month net profit increases by 24 per cent

Non-interest income at OMR104.1 million was higher by 33.2 per cent as compared to OMR78.16 million for the nine months ended September 2013

HSBC Bank Oman Q3 Net Profit Rises 9%

The lender made a net profit of OMR3.8 million in the three months to September 30, compared with OMR3.5 million in the same period of 2013.

National Bank of Kuwait Q3 net profit falls 15.6 pct

The bank made a net profit of 59.1 million dinars ($204.7 million) in the three months to the end of September, down from 70.1 million dinars a year ago, a bourse filing said.

Boubyan Bank earns some KD 20 million

Boubyan Bank earned KD 20.2 million, at a rate of 10.3 fils per share, in nine months ending on September 30

The Saudi Investment Bank reports nine months' net profit up 11 per cent

In Q3 the Saudi Investment Bank (SAIB) saw net profit show a quarter-on-quarter rise of 5.19 per cent to SAR 371.2 million, a gain of 14.07 per cent on year-ago levels. For the first nine months of 2014 as a whole, profits were up 10.57 per cent to SAR 1

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