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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.
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Bahrain Clear Appoints Seven Pillars Consultancy to Review Its Clearing and Depository Operations

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Bahrain’s Mumtalakat and ARP Group Plan AI-Native Wholesale Bank After Central Bank In-Principle Approval

The proposed Bahrain-headquartered bank will serve financial institutions, payment companies and cross-border businesses, and needs final authorization before it can start regulated activities.
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stc Bahrain Signs $140 Million Financing Facility With BNP Paribas to Fund Network Expansion

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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.

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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.

Bahrain Clear Appoints Seven Pillars Consultancy to Review Its Clearing and Depository Operations

The independent advisor will assess Bahrain Clear's operations, regulatory frameworks, governance and technology and produce a prioritized roadmap for its post-trade services.

Bahrain’s Mumtalakat and ARP Group Plan AI-Native Wholesale Bank After Central Bank In-Principle Approval

The proposed Bahrain-headquartered bank will serve financial institutions, payment companies and cross-border businesses, and needs final authorization before it can start regulated activities.

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Alinma Bank Third-Quarter Profit Holds at SR1.59 Billion as Higher Provisions Offset Financing Growth

Alinma Bank's third-quarter net profit slipped 0.2% to SR1.59 billion, while nine-month profit rose 4% to SR4.86 billion as its financing portfolio grew 12%.

Saudi Awwal Bank Third-Quarter Profit Edges Up 1% to SR2.17 Billion Despite Jump in Credit Provisions

Saudi Awwal Bank, known as SAB, said third-quarter net profit rose 1% to SR2.17 billion as operating income grew and its income tax charge fell, while provisions for expected credit losses rose to SR362 million.

Riyad Bank Third-Quarter Profit Rises 6.6% to SR2.87 Billion as Operating Income Grows

Riyad Bank's third-quarter net profit rose 6.6% from a year earlier to SR2.87 billion as trading, special commission and exchange income grew, offsetting higher costs and provisions.

Aldar and ADIB Launch Co-Branded Visa Cards Paying Up to 10% Back in Darna Loyalty Points

Aldar and Abu Dhabi Islamic Bank have launched two co-branded Visa covered cards that earn Darna loyalty points across Aldar's malls, hotels, schools and property sales.

Emirates Islamic Nine-Month Profit Holds at AED2.7 Billion as Financing Grows 14.4%

The Islamic arm of Emirates NBD lifted total income 6% to AED4.7 billion while impairment charges reached AED141 million.

Doha Bank Mandates 12 Banks for Possible Five-Year Dollar Bond, Initial Guidance Around 170 Basis Points

Qatar's Doha Bank hired 12 banks to arrange investor meetings ahead of a possible five-year dollar bond under its Euro Medium Term Note program.

Saudi National Bank Third-Quarter Profit Slips 0.3% to SR6.45 Billion as Costs and Provisions Rise

Saudi National Bank's net profit edged down 0.3% to SR6.45 billion in the third quarter of 2026 as higher operating expenses and credit-loss charges offset income growth.

Al Rajhi Bank Third-Quarter Profit Rises 11.7% to SR7.1 Billion as Financing Income Climbs

Al Rajhi Bank's net profit rose 11.7% to SR7.11 billion in the third quarter of 2026 as net financing and investment income grew 18.1%, offsetting a jump in credit-loss charges.

Emirates NBD Nine-Month Profit Rises 2% to AED19.3 Billion as Loans Jump 27%

Emirates NBD, Dubai's largest bank, said nine-month profit rose 2% to AED19.3 billion, as record income offset higher impairment, hyperinflation and tax charges.

Kuwait Raises $3.25 Billion From Two-Part Dollar Bond as Orders Peak at $9.1 Billion

Kuwait raised $3.25 billion from a two-tranche international bond issue dated October 19, with investor orders peaking at $9.1 billion, about 2.8 times the deal size, the Ministry of Finance said.

Qatar’s Commercial Bank Nine-Month Profit Falls 15.9% to QAR1.64 Billion as Provisions Rise

Commercial Bank said net profit before Pillar Two tax fell 15.9% to QAR1.64 billion in the first nine months of 2026 as higher provisions and costs offset growth in net interest income.

Dubai Islamic Bank Nine-Month Revenue Rises 7% to AED18.6 Billion as Financing Assets Grow 10%

Dubai Islamic Bank said gross revenue rose 7% to AED18.6 billion in the first nine months of 2026 as net financing assets grew nearly 10% since the end of 2025.
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