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18/07/2016 09:15 AST
Bank Albilad reported Q2 net profit of SAR 183.9 million, down 10.94 per cent on Q2 2015. For H1 2016 overall, the bank showed net profits down 5.83 per cent to SAR 358.4 million. Earnings per share were down to SAR 0.60 from SAR 0.63.
Albilad added that EPS was adjusted to conform with the bonus shares issuance increasing the bank's capital from SAR 5 Billion to SAR 6 Billion in the ratio of one share for every five shares, as approved in the Extra Ordinary General Assembly meeting held on 11 April 2016.
The bank said the decrease in net income is due to a rise in total operating expense by 19.2 per cent on the back of increases in salaries and employee related benefits expenses, rent and premises expenses and provisions / impairment for financing and investments assets.
Albilard reported total assets up 10.72 per cent to SAR 54.4 billion. Loans and advances rose 16.56 per cent to SAR 36.93 billion while customer deposits were up 9.96 per cent at 42.1 billion.
CPI Financial
14/01/2018
The Board of Directors of Bank Albilad has recommended on 27/04/1439 H corresponding to 14/01/2018 the distribution of dividend to the shareholders for the period the second half of 2017 as following
Tadawul
26/09/2017
The Board of Directors of Bank Albilad has decided on 05/01/1439H corresponding 25/9/2017 the distribution of dividend to the shareholders for the first half of the year 2017 as following:
1
Tadawul
28/11/2016
Western Union, a leader in global payments services, and Bank AlBilad, one of the fastest growing banks in Saudi Arabia, launched on Sunday at the banks' headquarters in Riyadh the Western Union onl
Saudi Gazette
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26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
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Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
Financial Information Co.
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