Al Rajhi Bank (1113)

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News

21 July 2019 10:55 AM Al Rajhi Bank to pay 15% dividends for H1

Riyadh – Mubasher: The board of directors of Al Rajhi Bank decided to distribute 15% cash dividends to the shareholders for the first half of 2019, during the meeting held on Thursday, 18 June.   The Saudi lender will pay a total of SAR 3.7 …

Board of Directors

27 June 2019 02:10 PM eXtra inks SAR 166m Murabaha deal with Al Rajhi Bank

Riyadh – Mubasher: United Electronics Company (eXtra) has successfully finalised a securitisation agreement with Al Rajhi Bank against the assignment of SAR 166 million of its installment sales’ receivables portfolio. The deal is the first for the …

Banking and Finance

20 May 2019 11:34 AM Tadawul sees SAR 883m private transactions Monday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Monday witnessed 15 private transactions in different sectors including the banking and telecommunication sectors with a total value of SAR 883.67 million. Al Rajhi Bank’s stock topped these …

Stock Evaluations

14 May 2019 09:59 AM MSCI adds 30 Saudi companies to EM Index

Riyadh – Mubasher: MSCI Inc. has added the MSCI Saudi Arabia index to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review. The US-based index compiler said the stocks of 30 Saudi firms will be added, accounting for …

Trading Activities

8 May 2019 00:33 PM Tadawul sees 15 private transactions worth SAR 150m

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Wednesday witnessed 15 private transactions on a number of blue-chip stocks with a total value worth SAR 15 million. Saudi Basic Industries Corporation’s (SABIC) stock topped these private …

Trading Activities

7 May 2019 09:00 PM Tadawul-listed banks post over SAR 14bn profit in Q1

By: Mahmoud Gamal Riyadh – Mubasher: Banks listed on the Saudi Stock Exchange (Tadawul) saw positive performance during the first quarter of 2019. A number of 12 Tadawul-listed banks reported a 12.7% year-on-year profit increase in Q1-19, …

Banking and Finance

23 April 2019 05:08 PM Al Rajhi Bank’s profit grows 21% in Q1

Riyadh – Mubasher: Al Rajhi Bank reported a 21.1% year-on-year profit growth in the first quarter of 2019. The Saudi lender’s net profits amounted to SAR 2.88 billion in the first three months of 2019, compared to SAR 2.38 billion in the year-ago …

Financial Results

23 April 2019 02:14 PM Tadawul sees 15 private deals worth SAR 116.7m Tuesday

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) revealed the execution of 15 private transactions at a combined value of SAR 116.74 million during Tuesday’s trading activities. Banque Saudi Fransi’s (BSF) stock witnessed three private deals …

Trading Activities

16 April 2019 00:41 PM Tadawul sees 5 private deals worth SAR 10.5m Tuesday

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) revealed the execution of five private transactions at a combined value of SAR 10.5 million during Tuesday’s trading activities. Saudi Basic Industries Corp’s (SABIC) stock saw a private …

Trading Activities

8 April 2019 03:24 PM Saudi petrochemical firms to see 22% profit drop in Q1 - AlJazira Capital

Riyadh – Mubasher: AlJazira Capital expected 37 Saudi-listed companies under its coverage to report a 4.8% year-on-year decline in their consolidated profit for the first quarter of 2019. Profits of petrochemical firms are expected to decrease by …

Company News

4 April 2019 01:29 PM Saudi listed firms post SAR 17bn profit in Q4 – Survey

By: Thabet Shehata Riyadh – Mubasher: Companies listed on the Saudi Stock Exchange (Tadawul) reported an 8% year-on-year growth in profits for the fourth quarter of 2018.   Net profits of 164 firms out of the total 168 Saudi listed firms amounted …

Financial Results

4 April 2019 09:59 AM Al Rajhi Bank OKs 53.8% capital hike, dividends for H2-18

Riyadh – Mubasher: Saudi Arabia-based Al Rajhi Bank on Thursday said its shareholders had approved a cash dividend distribution for the second half of 2018 and raising capital via issuing bonus shares during an extraordinary general meeting (EGM) …

Banking and Finance

2 April 2019 06:27 PM Saudi listed firms log SAR 105bn profit in 2018 – Survey

By: Thabet Shehata Riyadh – Mubasher: Saudi listed companies reported a 1.65% year-on-year growth in profits for the full-year 2018. Net profits of 164 firms out of the total 168 Saudi listed companies amounted to SAR 105 billion ($28 billion) …

Financial Results

27 March 2019 05:36 PM Nine Saudi banks distribute SAR 28bn dividends in 2018

By: Elsayed Gamal Riyadh – Mubasher: Nine out of the total 12 listed Saudi banks approved the distribution of cash dividends with a combined value of SAR 28.11 billion ($7.49 billion) for 2018, according to statistics conducted by Mubasher. The …

Cash Dividends

17 February 2019 04:46 PM Apple Pay set to launch in Saudi Arabia within days

Riyadh – Mubasher: Apple Pay is expected to launch in Saudi Arabia during the course of this week, according to local advertisements. Saudi-Arabia’s Al-Rajhi Bank revealed that the US tech firm’s e-payment service would be rolled out in the …

Banking and Finance

17 February 2019 01:37 PM Alkhabeer REIT Fund gets SAR 420m loan from Al Rajhi Bank

Riyadh – Mubasher: Alkhabeer REIT Fund on Sunday signed a Sharia-complaint facility agreement at a value of SAR 420 million ($111.97 million) with Saudi-listed Al Rajhi Bank. The fund will allocate around SAR 80 million of the loan to acquiring …

Banking and Finance

12 February 2019 02:21 PM 10 Saudi banks log SAR 45.5bn profit in 2018

By: Thabet Shehata Riyadh – Mubasher: Profits of ten banks out of twelve listed on the Saudi Stock Exchange (Tadawul) jumped 16.3% year-on-year in the fourth quarter of 2018, recording SAR 11.23 billion from SAR 9.66 billion. For the full fiscal …

Sector Reports

4 February 2019 05:48 PM Saudi CMA nods Al Rajhi SAR 8.75bn capital top-up

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Al Rajhi Bank’s request to increase its capital by SAR 8.75 billion ($2.33 billion). Following the capital top-up, the Saudi bank’s capital will rise to SAR 25 billion from …

Board of Directors

3 February 2019 05:12 PM Al Rajhi Bank logs SAR 10.30bn profit in 2018

Riyadh – Mubasher: Saudi Arabia’s Al Rajhi Bank on Sunday reported a 13% year-on-year profit increase during the full-year 2018. The bank’s profits reached SAR 10.30 billion from January to December 2018, up from SAR 9.12 billion in the previous …

Banking and Finance

22 January 2019 00:35 PM Al Rajhi Bank starts opening current accounts online

Riyadh – Mubasher: Saudi Arabia-based Al Rajhi Bank announced the beginning of opening current accounts online without visiting a branch. After starting this service, clients will not visit the bank branches, excluding in special cases due to …

Management Decisions

14 January 2019 04:50 PM Farm Superstores renews SAR 200m loan with Al Rajhi Bank

Riyadh – Mubasher: Saudi Market Company, known as Farm Superstores Co, on Monday announced renewing a SAR 200 million sharia-compliant credit facility with Al Rajhi Bank. The financing’s tenure extends from 14 January until 30 September, according …

Banking and Finance

13 January 2019 09:09 AM Al Rajhi Bank in talks over Malaysian unit merger

Riyadh – Mubasher: Al Rajhi Bank on Sunday revealed that it has received preliminary approvals from two central banks for the potential merger of one of its wholly-owned subsidiaries with a Malaysian firm. The Saudi-listed bank is looking to merge …

Mergers and Acquisitions

6 January 2019 10:46 AM Al Rajhi Bank EGM nods to 53.8% capital hike

Al Rajhi Bank on Sunday announced that its extraordinary general meeting (EGM) has approved the decision to increase capital through the issuance of bonus shares.

Global Markets brief

12 November 2018 00:22 PM Tadawul listed firms’ profit falls 16% YoY in Q3

By: Thabet Shehata Riyadh – Mubasher: Consolidated profits of the companies listed on the Saudi Stock Exchange (Tadawul) retreated 16% year-on-year in the third quarter of 2018. Net profits amounted to SAR 33.2 billion ($8.85 billion) during the …

Financial Results

31 October 2018 05:35 PM Tadawul listed banks’ profit jumps 11% YoY in Q3

By: Elsayed Gamal Riyadh – Mubasher: Saudi banks listed on the Saudi Stock Exchange (Tadawul) achieved SAR 1.21 billion ($324 million), or 10.7% year-on-year profit growth in the third quarter of 2018, with the exception of Alawwal Bank’s profits …

Sector Reports