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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.
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
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
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
Dana Gas said on Wednesday its nine months net profit fell to Dh149 million from Dh458 million in the same period last year. However, revenues in the same period rose 6 per cent at Dh351 million. Th
Gains from the acquisition of another district cooling entity helped Tabreed record a 10 per cent net profit growth to Dh319.3 million for the period from January to end of September.
The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced an Dhs5.1 billion ($1.4 billion) investment to upgrade and expand its Bu Hasa field that will increase crude oil production capacity
The Gulf Today
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its
audi Aramco yesterday (November 14) hosted a visit by the Board of Directors of US-based National Oilwell Varco (NOV), a leading provider of technology, equipment, and services to the global oil and