Kuwait Finance House net profit surges 64pc to $803m
Kuwait Finance House (KFH), one of the world's leading Islamic financial institutions, has reported a net profit of KD243.4 million…
Financial Results
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Dubai Islamic Bank prices $750 million senior sukuk at 2.74%
Dubai Islamic Bank (DIB) priced its $750 million 5-year sukuk issue with a profit rate of 2.74 per cent per…
Saudi sukuk issuance rises by 37% in 2021, says S&P Global
Saudi Arabia’s sukuk issuances jumped by 37 percent in 2021, totalling $36.9 billion, up from $27 billion the year before,…
Banque Saudi Fransi reports 123% profit surge
Saudi Arabia’s Banque Saudi Fransi has reported a 123 percent profit surge during 2021, driven by a reduction in costs.…
Central Bank of Kuwait net foreign assets suffer biggest fall in at least 30 years
Net foreign assets of the Central Bank of Kuwait witnessed the biggest net annual fall on record, according to data…
Abu Dhabi Islamic Bank posts 45% jump in annual net profit
Abu Dhabi Islamic Bank on Monday reported a year-on-year growth in net profit of 45 percent for the full year…
Ajman Bank 2021 net profit surges 117% to Dh116.2 million
Ajman Bank on Monday said its annual profit surged 117 per cent last year to Dh116.2 million while net operating…
Profits of Alinma Bank soar 38% to $722mln last year
Saudi Arabia’s Alinma Bank has recorded a 37.8 percent surge in 2021 profits, propelled by higher operating income. The…
Bank AlJazira sees momentous profit rally, hitting over $268m
Saudi Arabia’s Bank AlJazira has seen its 2021 profits surge to over SR1 billion ($268 million), according to a bourse…
Profits of Bank Albilad soar to $450m in 2021
Saudi Arabia's Bank Albilad has reported over a 25 percent increase in its 2021 profits, driven by a rise in…
Egypt's business conditions deteriorate amid high prices, weak demand
Business conditions in Egypt’s non-oil private sector economy deteriorated in January amid weaker demand and inflationary pressures, according to a…
Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales
Petrochemicals giant Saudi Basic Industries Corporation (SABIC) on Thursday said it made 4.93 billion riyals ($1.32 billion) in net profit…