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

SABB increases net profit by 52% to SAR 4,872mln during 2022

Total operating income increases 26% to SAR 9,697 million for the year

Dubai Investments' 2022 profit soars to Dh1.6b helped by stake sale in Emirates District Cooling

Dubai industrial park operator sold controlling stake in district cooling firm

QCB grants B2M Trading Company license for digital payment services

QCB said that the license comes in continuation of its efforts to develop and reinforce the financial technology sector.

SICO’s H1 preferred picks are Dubai's Emirates NBD, Dubai Islamic Bank

The Bahrain-based brokerage said it would remain skeptical on Saudi banks

Qatar banking sector assets up 3.3%

The domestic private sector loans increased by 2.1 percent MoM (+7.4 percent in 2022) in December 2022.

Dukhan Bank to list shares through direct listing

The Bank was incorporated in 2008 under the name of Barwa Bank Q.P.S.C, and commenced operations in 2009 as a full-service Sharia Compliant bank.

Al Salam Bank Wins ‘Best Retail Bank In Bahrain’

"We have definitely built strong momentum over the years and this award is proof of our collective commitment to service excellence."

ABK announces net profit growth of 19% in 2022

ABK reported a net profit of KD 32.3 million in the financial year 2022

Gulf Bank's net profits jumped 46.8% to $202.56mln

Gulf Bank recommends the distribution of 10% cash dividends and 5% bonus shares for 2022

Saudi National Bank FY 2022 net profit soars 47%

Impairment charges more than halved and operating income rose

QNB receives prestigious awards from Visa

The program is very well received by customers due to its wide range of options for instant points redemption at over 1,200 QNB exclusive partners’ shops, internet or mobile banking, or QNB ATM.

Al Salam Bank Launches 2023 “Danat Savings” Scheme

This year’s edition of Danat will enrich the lives of more than 120 winners every month.

Arab Bank Group Report Net Profits of $544.3 Million For 2022, 25% Cash Dividends

Ms. Randa Sadik, Chief Executive Officer, stated that Arab Bank continued to deliver sustainable growth rates during 2022

Masraf Al Rayan reports a net profit of QAR 1.34bln for year ending December 31, 2022

Net Operating income reached QAR 4.36 billion

National Bank of Kuwait's fourth-quarter net profit rises more than 25% on revenue boost

Gulf country's biggest bank posts its highest annual profits on record

Active contribution to Vision 2030 objectives, Abdullah Al Rajhi Leads alrajhi bank to Record 2022 Profits of SAR 17,151 Million, Up 16%

alrajhi stated that the Bank continued to grow at all levels and achieved its strategic goals based on customer loyalty

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