Bank Aljazira (1020.B)

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News

5 September 2023 07:14 PM MENA-focused HyperPay enters strategic partnerships at Seamless Saudi Arabia; listed entities included

Riyadh – Mubasher: Payment gateway provider in the MENA region HyperPay entered into strategic partnerships with prominent organisations at Seamless Saudi Arabia 2023 to help reshape the fintech landscape and elevate customer experiences, …

Event

30 July 2023 02:03 PM Bank Aljazira’s profits exceed SAR 464.5m in H1-23

Riyadh – Mubasher: Bank Aljazira achieved 26.57% lower net profits at SAR 464.60 million during the first half (H1) of 2023, compared to SAR 632.70 million in the year-ago period. The clients’ deposits surged by 6.35% year-on-year (YoY) to SAR …

Banking and Finance

1 June 2023 10:57 AM Bank Aljazira plans to issue SAR-denominated Sukuk programme

Riyadh – Mubasher: Bank Aljazira intends to offer domestic the SAR-denominated Tier 1 Sukuk issuance programme at a value of up to SAR 5 billion by way of a private placement. The lender has assigned AlJazira Capita as the sole arranger to handle …

Banking and Finance

7 May 2023 10:00 AM Bank Aljazira logs 45.5% lower profits in Q1-23 initial results

Riyadh – Mubasher: The net profits of Bank Aljazira amounted to SAR 204 million in the first quarter (Q1) of 2023, an annual plunge of 45.59% from SAR 374.90 million. Earnings per share (EPS) declined to SAR 0.25 as of 31 March 2023 from SAR 0.43 …

Financial Results

2 February 2023 09:46 AM Bank Aljazira records higher profits at SAR 1.1bn in 2022

Riyadh – Mubasher: Bank Aljazira posted a 10.24% year-on-year (YoY) rise in net profit to SAR 1.10 billion in 2022 from SAR 1 billion, according to the income statements. Earnings per share (EPS) stood at SAR 1.26 last year, higher than SAR 1.18 …

Financial Results

18 December 2022 03:37 PM Raoom Trading secures SAR 30m loan from Bank Aljazira

Riyadh – Mubasher: Raoom Trading Company obtained a Sharia-compliant financing facility worth SAR 30 million from Bank Aljazira on 13 December 2022, according to a recent bourse disclosure. The facility agreement, which is valid until 12 July …

Companies Investments

10 November 2022 05:54 PM Aljazira Takaful pens SAR 49m facility deals with Bank Aljazira

Riyadh – Mubasher: Aljazira Takaful Taawuni Company signed on 9 November 2022 facility agreements at a combined value of SAR 49.06 million with Bank Al Jazira to provide credit insurance plans for personal and mortgage loans. The first deal which …

Companies Investments

24 October 2022 05:40 PM Bank Aljazira’s profits hit SAR 865m in 9M-22 interim results

Riyadh – Mubasher: Bank Aljazira generated SAR 865.30 million in net profit during the first nine months (9M) of 2022, an annual jump of 11.32% from SAR 777.30 million. The earnings per share (EPS) increased to SAR 1.01 in 9M-22, versus SAR 0.92 …

Financial Results

2 August 2022 09:49 AM Bank Aljazira's profits up 10.5% in H1-22; dividends approved

Riyadh – Mubasher: Bank Aljazira reported net profits worth SAR 632.70 million during the first half (H1) of 2022, higher by 10.46% than SAR 572.80 million in H1-21. Earnings per share (EPS) stood at SAR 0.72 in H1-22, compared to SAR 0.70 in …

Cash Dividends

26 April 2022 11:18 AM Bank Aljazira’s profits hike 16.5% in Q1-22 initial financials

Riyadh – Mubasher: The net profits of Bank Aljazira soared by 16.57% to SAR 374.90 million in the first quarter (Q1) of 2022, compared to SAR 321.60 million in Q1-21. Earnings per share (EPS) increased to SAR 0.43 during the first three months …

Financial Results

25 April 2022 05:17 PM MEPCO secures SAR 485m loan from Bank Aljazira

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has signed a Sharia-compliant facility agreement worth SAR 485 million with Bank AlJazira. Under the agreement, the majority of the loan will be used to settle existing medium-term facilities …

Companies Investments

20 April 2022 06:58 PM Bank Aljazira signs 4 deals with Aljazira Takaful

Riyadh – Mubasher: Bank Aljazira has penned four agreements with Aljazira Takaful Taawuni Company at a combined value of SAR 8.56 million. The two parties inked a contract worth SAR 329,743 to provide insurance coverage for all property risks. …

Companies Investments

8 February 2022 05:11 PM Bank Aljazira to pay SAR 287m dividends for H2-21

Riyadh – Mubasher: The board of Bank Aljazira has decided to distribute cash dividends worth SAR 287 million, accounting for 3.5% of the capital, for the second half (H2) of 2021. The Saudi listed bank will pay a dividend of SAR 0.35 per share …

Banking and Finance

3 February 2022 04:41 PM Bank Aljazira registers hike in 2021 profits

Riyadh – Mubasher: The net profits of Bank Aljazira surged to SAR 1 billion in 2021, compared to SAR 33.8 million in the earlier year. The bank's net income from special commissions rose by 9.82% to SAR 2.63 billion in 2021 from SAR 2.39 billion …

Financial Results

11 January 2022 05:46 PM Bank Aljazira appoints Chairman, Vice Chairman

Riyadh – Mubasher: Bank Aljazira has chosen Tarek Othman Al Kasabi to be the Chairman of the board for a three-year term as of 1 January 2022. The Saudi lender also appointed Abdulmajeed Ibrahim Al Sultan as the Vice Chairman for the same …

Management Decisions

20 December 2021 01:32 PM Abo Moati renews SAR 50m loan with Al Jazeera Bank

Riyadh – Mubasher: Abdullah Saad Mohammed AboMoati for Bookstores has extended its Sharia-aligned credit facilities agreement with Al Jazeera Bank. The company noted that the funding value stands at SAR 50 million, according to a bourse filing on …

Banking and Finance

21 November 2021 02:17 PM Bank Aljazira says SAR 2bn Sukuk offering to last until end-December

Riyadh – Mubasher: Bank Aljazira announced the commencement of the Tier 2 Sukuk offering on 21 November, noting that it will end on 31 December. The SAR-denominated Sukuk offering value stands at up to SAR 2 billion, while the number of notes and …

Banking and Finance

7 November 2021 01:16 PM Bank Aljazira to issue SAR-denominated Sukuk

Riyadh – Mubasher: Bank Aljazira plans to issue SAR-denominated Tier 2 Sukuk at a value of up to SAR 2 billion through a private placement. The Sukuk will hold a tenor of 10 years and can be redeemed in five years from the date of issuance, …

Banking and Finance

27 October 2021 03:18 PM Bank Aljazira records SAR 204.5m net profits in Q3

Riyadh – Mubasher: Bank Aljazira registered net profits worth SAR 204.5 million during the third quarter (Q3) of 2021, up 12.6% from SAR 181.6 million in Q3-20. Quarter-on-quarter (QoQ), the net profits in Q3-21 were 18.5% lower than SAR 251.2 …

Financial Results

7 October 2021 04:58 PM Bank Aljazira inks two deals with Aljazira Takaful

Riyadh – Mubasher: Bank Aljazira announced signing two agreements with Aljazira Takaful Taawuni Company, according to two bourse disclosures on Thursday.  The first agreement is a real estate financing portfolio protection services deal valued …

Banking and Finance

26 September 2021 05:09 PM Bank Aljazira, Aljazira Takaful sign bancassurance distribution deal

Riyadh – Mubasher: Bank Aljazira has signed a bancassurance distribution agreement with Aljazira Takaful Taawuni Company, the two entities said in separate disclosures on Sunday. The value of the one-year contract could not be determined, as the …

Banking and Finance

3 August 2021 05:18 PM Bank Aljazira to distribute SAR 287m dividends for H1-21

Riyadh – Mubasher: Bank Aljazira will distribute on 23 August a cash dividend of SAR 0.35 per share for the first half (H1) of 2021. The total value of the dividends will stand at SAR 287 million for 820 million shares eligible for distribution, …

Banking and Finance

2 August 2021 05:30 PM Bank AlJazira records SAR 573m profits in H1-21

Riyadh – Mubasher: Bank AlJazira achieved a surge of 64.8% in net profits after Zakat and tax to SAR 572.8 million in the first half (H1) of 2021, compared to SAR 347.4 million in H1-20. Earnings per share stood at SAR 0.7 in H1-21, up from SAR …

Financial Results

27 July 2021 02:00 PM Fitch revises outlook of five listed banks, GIB KSA

Riyadh – Mubasher: Fitch Ratings has revised the outlook of six Saudi banks to ‘Stable’ from ‘Negative’ in addition to affirming their Foreign Currency and Local Currency Long-Term Issuer Default Ratings (IDRs) at 'BBB+', according to a press …

Ratings

29 June 2021 05:07 PM Bank AlJazira concludes $500m USD-denominated Sukuk sale

Riyadh – Mubasher: Bank AlJazira has completed selling USD-denominated Sukuk at a total value of $500 million, according to a bourse disclosure on Tuesday. The volume of the perpetual Tier 1 capital certificates totalled 2,500 Sukuk notes at …

Banking and Finance