11/05/2018
The target returns of over nine percent per annum, distributed quarterly, are among the highest in comparison with other real estate investment traded funds listed on the Saudi stock exchange (Tadawul).
11/02/2018
The commercial bank, which includes trade finance, cash management and capital financing, reported profit of $199m in MENA in 2017
11/02/2018
Income generated from core businesses showing an uplift of 2% over Q3 2017.
11/01/2018
Abu Dhabi plans to set up a holding company to manage the new entities, which would operate under separate banking licences, accoding to sources
10/31/2018
Banks, have to work with fintech firms rather then consider them competition.
10/31/2018
This was announced during the visit of Mike Corbat, chief executive officer of Citigroup, to Abu Dhabi at an exclusive event at the ADGM Authorities Building hosted by Ahmed Ali Al-Sayegh, minister of state and chairman of ADGM.
10/30/2018
Net Profit up 24% y-o-y on higher net interest income and lower provisions
10/30/2018
The balance between domestic and international operations and focus on enhancing operating income streams has proven successful.
10/30/2018
Bank Nizwa announced its 2018 third quarter financial results registering yet another strong performance
10/30/2018
Q3 profits surged 83%; expense control, higher fee and commission incomes supported profit growth
10/30/2018
The bank is continuing its programme of creating liquidity from private equity portfolio while working with partners on new opportunities in developed markets that will be seeded and managed by QFB.
10/28/2018
He also highlighted that the Group has healthy asset quality metrics with credit provisions held against non-performing loans exceeding 100 per cent.
10/28/2018
Parties appointed banks in July to undertake valuations for a deal
10/28/2018
Chairman Sabih al Masri said he expected the bank to continue to perform well due to its diversified operations and geographic spread across five continents that minimized risk.
10/28/2018
Rania Nashar is the first female chief executive of a listed Saudi commercial bank
10/28/2018
All business segments generated a positive year-on-year total income performance, which contributed to the overall net profit increase and a significant improvement in cost income ratios.
10/26/2018
Total deposits amounted to QAR 817.85 billion ($226.78 billion) in September
10/26/2018
The higher growth in credit to the private sector shows the resiliency in the overall economy outside the hydrocarbons even amidst the economic blockade and the increasing cost of credit
10/25/2018
Rise in volume of business resulted in higher margins
10/25/2018
The bank’s net impairment losses on loans and advances dropped to 188.7 million riyals in the quarter, down from 489.3 million riyals in the same period a year ago.