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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Dana Gas nine months net profit falls

15/11/2018

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

Gulf News

Acquisition and stake sale drive Tabreed’s net profit

15/11/2018

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.

Tabr

Gulf News

Adnoc to invest Dhs5.1b in Bu Hasa field

15/11/2018

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 sells 74pc stake of PET subsidiary

15/11/2018

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

Trade Arabia

Aramco hosts board members of US oil services firm

15/11/2018

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

Trade Arabia