Register for our free newsletter

Latest News

Banque Saudi Fransi

Islamic Banking Sukuk

Secondary sukuk issue by Saudi’s Fransi

Banque Saudi Fransi , which is part-owned by Credit Agricole, will issue up to 2.5 billion riyals ($667 million) in secondary…

November 13, 2012 3:26

Banque Saudi Fransi second quarter profit down 2 percent on operating costs

The bank made second-quarter net profit of 757 million riyals ($201.9 million) in the three months to June 30, down from 773 million riyals in the same period a year earlier.

July 10, 2012 10:56

Historic Saudi mortgage reform faces big hurdles

Saudi Arabia is conducting one of its biggest economic reforms in years by allowing housing mortgages to be offered in the kingdom, but structural problems such as high land costs may prevent the market from booming any time soon.

July 4, 2012 10:21
riyadh power plant

Saudi’s Al Fanar Co signs $800 million Islamic loan

Al Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a 3 billion riyal ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday.

July 3, 2012 5:22
Banque Saudi Fransi Eyes Debut Dollar Sukuk

Banque Saudi Fransi Eyes Debut Dollar Sukuk

Bank eyes Islamic bond of at least $500 million; Sukuk to be issued depending on market conditions; Issue will fall under new $2 billion bond programme; Roadshows planned between May 7 - May 11

May 2, 2012 3:22

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
State spend trumps dampened private sector

State spend trumps dampened private sector

Private sectors may be wary of the regional unrest, but booming energy industries are expected to offset this, especially with aggressive state spending.

April 5, 2011 4:10

Saudi bourse regulator fines Banque Saudi Fransi

Saudi Arabia's stock exchange has been dogged by allegations that it lacks transparency and is vulnerable to price manipulation.

January 3, 2011 10:00

Saudi economic growth to hit 3.7%

Private sector growth will accelerate this year, says Riyadh-based economist

January 16, 2010 6:07