Banking & Insurance

Banking & Insurance, Finance, Saudi Arabia
Saudi National Bank’s profit grew by almost 6% to $5.7 billion for the year, thanks to higher operating income

Saudi National Bank's profit grew by almost 6% to $5.7 billion for the year, thanks to higher operating income Saudi National Bank…

Banking & Insurance, UAE
Emirates NBD’s profit for 2024 increased by 7% to $6.3 billion due to strong loan growth

Emirates NBD's profit for 2024 increased by 7% to $6.3 billion due to strong loan growth Emirates NBD said on Wednesday that…

Banking & Insurance, Egypt, Stock Markets
EFG Hermes is the leading company in MENA equity capital markets in 2024, according to LSEG

EFG Hermes is the leading company in MENA equity capital markets in 2024, according to LSEG The London Stock Exchange Group (LSEG)…

Banking & Insurance, Economy, Saudi Arabia
Saudi banks are expected to remain profitable in 2025 due to stronger credit growth, according to S&P

Saudi banks are expected to remain profitable in 2025 due to stronger credit growth, according to S&P Saudi banks are expected to…

Banking & Insurance, Riyadh, Saudi Arabia
Riyad Bank has completed a sukuk offering in Saudi Riyals worth $533 million

Riyad Bank has completed a sukuk offering in Saudi Riyals worth $533 million Riyad Bank, based in Saudi Arabia, has announced that…

Banking & Insurance, Finance, Riyadh, Saudi Arabia
Riyad Bank will increase its capital by issuing Sukuk

Riyad Bank will increase its capital by issuing Sukuk Riyad Bank has begun offering a Sukuk in riyals to raise its tier…

Banking & Insurance, Investment, Saudi Arabia, Stock Markets
Saudi Arabia’s PIF gets $7 billion through its first Murabaha loan to support medium-term funding

Saudi Arabia's PIF gets $7 billion through its first Murabaha loan to support medium-term funding Saudi Arabia's Public Investment Fund (PIF) has…

Banking & Insurance, Egypt, Finance, Stock Markets
Bedaya Mortgage Finance has issued securitized bonds worth $35 million with advice from EFG Hermes

Bedaya Mortgage Finance has issued securitized bonds worth $35 million with advice from EFG Hermes Bedaya Mortgage Finance, a company owned by…

Banking & Insurance, Gulf News, UAE
The UAE Central Bank’s gold reserves reached $6.3 billion by the end of the third quarter

The UAE Central Bank's gold reserves reached $6.3 billion by the end of the third quarter The UAE central bank's gold reserves…