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

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

National Bank of Oman Q3 profit rises, beats forecasts

Loans and advances stood at 2.3 billion rials at the end of September, 7 percent higher year-on-year

SHUAA Capital reports AED 26.2 million net profit in Q3 2014

The net profit attributable to shareholders for the third quarter was up six-fold and stood at AED 26.2 million compared to AED 3.6 million in Q3 2013.

Qatar National Bank Q3 net profit jumps 21 pct

Six analysts polled by Reuters on average forecast QNB would make a quarterly net profit of 2.57 billion riyals.

QCB’s assets surge by 32.1pc

The Qatar Central Bank’s total assets/liabilities increased sharply to QR213bn from QR161.2bn during 2012-2013, an increase of QR51.8bn, or 32.1 percent.

Nakheel's nine-month net profit jumps 47pc

The developer's profit for the third quarter was 750 million dirhams against 570 million dirhams in the prior-year period, Reuters calculated based on the firm's financial statements.

DIFC releases H1 2014 results, seven per cent increase in active registered companies

The Dubai International Financial Centre has announced its growth and development figures for the first half of 2014.

Alizz Islamic Bank's growth plans on track

As the bank will be soon marking its first year of operations, Alizz Islamic Bank's performance has been in line that of other Islamic banks operating in the country.

ADIB Egypt announces its financial results for H1 2014

With this growth rate the balance sheet remains considerably liquid with 52.2% financing/deposit ratio.

ADIB Egypt's net income for Q2 surged 245 per cent

Abu Dhabi Islamic Bank (ADIB) Egypt reported net Income of EGP 117 million, with an increase of EGP 82.9 million, or 245 per cent growth compared to the same period of 2013.

UAE stock brokers’ profit boosted amid Arabtec turmoil

The country’s stock brokerages recorded a substantial rise in profit during the second quarter amid market turmoil.

BLME Holdings report net profit before tax of GBP 5.1 million for H1 2014

BLME Holdings plc today announced its half year financial results to 30th June 2014. BLME reported an operating profit before tax for the group of GBP 5.1 million.

Ithmaar Bank reports $1.77 million net profit

Our improved performance is evident from the growth in operating income

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