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.


Riyad Bank launches first contactless payment bracelets


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


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 appointment of Vice-Chairman of the Board


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


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ADNOC receives interest in downstream business plans


THE Abu Dhabi National Oil Company (ADNOC) has said it is receiving considerable interest from potential partners, as it explores a range of new growth options and initiatives to accelerate the deliv

Saudi Gazette

Vuclip partners with Omantel to provide video services


Vuclip, a PCCW Media Company and the leading premium video-on-demand service provider for emerging markets, and Omantel, the country’s first telecommunications company, have partnered. Vuclip will pr

Times of Oman

QIIB extends support to Qatar Academy


A team of Qatar Academy’s outstanding students will be flying to Addis Ababa, Ethiopia, in October to prepare select students of Lebawi Academy (International Leadership Academy of Ethiopia - ILAE) f

The Peninsula

OAB to explore strategic merger with Alizz Bank


Leading investment house Oman International Development and Investment Company SAOG (Ominvest) has announced that its subsidiary Oman Arab Bank (OAB) has written to Alizz Islamic Bank to explore the

Oman Daily Observer

Zain Bahrain launches new home delivery service


Zain Bahrain, a leading telecom services operator in the kingdom, has introduced its new express home delivery service wherein Zain customers can now complete multiple services all at their own door

Trade Arabia