Saudi Arabia « 6/34 « | Kippreport.com

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 British bank second quarter profit up 7.4 percent, beats estimates

SABB Q2 2012 net profit 915 mln riyals vs 852 mln yr-ago; Profit up on increased operating income, decreased costs; Loans and advances up 18.7 pct, deposits up 18.6 pct

July 11, 2012 11:00

Samba Financial second quarter net profit edges higher

Samba Q2 profit up 5.1 pct on higher operating income; Q2 profit 1.16 bln riyals vs 1.1 bln riyals yr-ago; Operating income up 6.7 pct year-on-year

July 11, 2012 10:33

Petrofac wins $500 million Saudi Aramco, Sumitomo deal

Aramco and Sumitomo Chemical have taken longer than expected to pick contractors for project, expected to cost around $7 billion in total, but deals have started to trickle through.

July 10, 2012 10:45

Saudi Aramco to invest in new energy ventures

Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said.

July 10, 2012 10:41

Saudi builder Dar to repay $1billion sukuk on July 16

"Dar has taken all the steps for redemption through the principal paying agent," the company said in a statement to Nasdaq Dubai bourse.

July 9, 2012 4:58

Saudi’s Riyad bank second quarter net profit up 9.4 percent

Saudi Arabia's Riyad Bank posted a 9.4 percent rise in second-quarter net profit on the back of improved operational income, the bank said on Sunday, beating analysts' forecasts.

July 9, 2012 10:31

Saudi to supply full August crude to 1 Asia buyer

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in August, unchanged from July, an industry source familiar with the matter said on Monday.

July 9, 2012 10:31

On faking it

Dubai is all set to launch yet another tourist attraction in a bid to outdo other countries vying for the tourism pie.

July 8, 2012 5:20

Saudi’s Dar al-Arkan second quarter net profit up 11 percent

The firm made a net profit of 331 million riyals ($88 million) in the three months ending June 30, compared with 298 million riyals in the same period a year earlier, it said in a bourse statement on Saturday.

July 8, 2012 9:48

Saudi Airline catering unit lists July 9 after $347 million IPO

The catering unit of Saudi Arabian Airlines raised 1.3 billion riyals ($346.7 million) from the share sale, which was sold to the public between June 18-24, following a bookbuilding period involving institutional investors.

July 5, 2012 6:07

Saudi mortgage law to boost home loan market

The world's top oil exporter said on Monday its cabinet had approved the legislation, more than a decade after it was first proposed, but did not divulge details of the new regulations.

July 5, 2012 10:16

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

Historic Saudi mortgage reform faces big hurdles

July 4, 2012 9:43

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