13/02/2018 12:09 AST

Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a huge rise in fourth-quarter net profit on Tuesday, beating analysts’ forecasts, boosted by an easing of impairment charges for credit losses.

The bank made 974 million riyals ($259.7 million) in the three months to Dec. 31, up from 293 million riyals in the same period of 2016, it said in a bourse filing.


Reuters

Riyad Bank launches first contactless payment bracelets

12/03/2018

Riyad Bank is one of the largest financial institutions in Saudi Arabia and a leading bank in the Middle East. Now, with Gemalto, a world leader in digital security, Riyad Bank, is launching the coun

Saudi Gazette

Riyad REIT announces to establish a SAR 1 billion sukuk program

25/01/2018

Riyad REIT announces its intention to establish a sukuk program with a targeted size of one billion Saudi Riyal through a serires of tranches.

Riyad REIT is the first REIT to issue Sukuk p

Tadawul

Riyad Bank announces the appointment of Vice-Chairman of the Board

25/12/2017

Riyad Bank announces the decision of its Board of Directors on its meeting held today on 25-12- 2017 appointing Mr. Gamal AbdulKareem Al Ramah (Independent member) as Vice-Chairman of the Board, unti

Tadawul

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Marka narrows losses but problems continue

16/08/2018

Amid an ongoing restructuring, Dubai-listed retailer Marka has seen its losses narrow in the second quarter, while also seeing its revenue slip. The company did manage, however, to post a gross profi

Gulf News

Batelco offers high-speed LTE services package

16/08/2018

Batelco, the leading digital solutions provider in Bahrain, is set to offer a new high-speed LTE Data Roaming services package with options including a one-day data roaming in the GCC for only BD5 ($

Trade Arabia

Nakheel posts $683m net profit in H1

16/08/2018

Nakheel, a leading global developer, said it has registered a net profit of Dh2.51 billion ($683 million) for the first six months of the year compared to Dh2.61 billion ($710 million) for the same p

Trade Arabia

Emaar Properties' H1 revenue surges 46pc to $3.12bn

16/08/2018

Leading property developer Emaar has registered a revenue of Dh11.47 billion ($3.12 billion) for the first half of the year, up 46 per cent compared to Dh7.86 billion ($2.14 billion) last year led by

Trade Arabia

SABIC and Nottingham Spirk accelerate innovations

15/08/2018

Leveraging its unique ability to expand value for its customers while also contributing to Saudi Vision 2030, SABIC, a global leader in the chemical industry, is investing in new applications and met

Saudi Gazette