Register for our free newsletter

Latest News

Al Rajhi Bank

Saudi lending-foreign banks

Big Saudi banks post upbeat second quarterly results

Four major Saudi banks reported upbeat quarterly results on Tuesday, topping or meeting estimates, boosted by rising loan demand.

July 11, 2012 11:30

Saudi Al Rajhi second quarter net profit up 13.6 percent

Saudi Arabia's Al Rajhi Bank posted a 13.6 percent rise in its second quarter net profit, helped by a 12.3 percent jump in operating income, it said in a statement posted on the bourse website on Tuesday.

July 11, 2012 10:40
Saudi’s Al Rajhi Bank CEO resigns, replaced by Suleiman Al-Zain

Saudi’s Al Rajhi Bank CEO resigns, replaced by Suleiman Al-Zain

The board of Saudi Arabia's al Rajhi bank accepted the resignation of its chief executive, Abdullah al-Rajhi, replacing him with Suleiman al-Zain, according to a statement on the bourse website on Sunday.

March 5, 2012 1:34

Five major Saudi banks post strong Q3 profits

Three major Saudi banks beat analyst forecasts; Rising profits due to lower costs, increased income; Banque Saudi Fransi, SABB Bank miss forecasts

October 13, 2011 10:32

Segregated banking in Saudi

With Gulf women set to control $385 billion of assets by 2011, more and more single-sex lenders are opening their doors in KSA.

April 21, 2010 4:56