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Arab National Bank Third-Quarter Profit Rises 1.6% to SR1.35 Billion as Provisions Climb

Arab National Bank's third-quarter net profit rose 1.6% to SR1.35 billion, as higher commission income outweighed a jump in credit loss provisions.
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Alinma Bank Third-Quarter Profit Holds at SR1.59 Billion as Higher Provisions Offset Financing Growth

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

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Arab National Bank Third-Quarter Profit Rises 1.6% to SR1.35 Billion as Provisions Climb

Arab National Bank's third-quarter net profit rose 1.6% to SR1.35 billion, as higher commission income outweighed a jump in credit loss provisions.

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Arab National Bank Third-Quarter Profit Rises 1.6% to SR1.35 Billion as Provisions Climb

Arab National Bank's third-quarter net profit rose 1.6% to SR1.35 billion, as higher commission income outweighed a jump in credit loss provisions.

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.

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Qatar and Saudi Arabia Deepen Strategic Cooperation in Doha

Qatar and Saudi strategic cooperation gained momentum this week during high-level talks in Doha. On Tuesday, leaders from both nations gathered to strengthen bilateral...

Saudi Arabia Sees Big Opportunity for AI-Powered PCs

Saudi Arabia is seeing a major opportunity in the market for AI-powered PCs. A new survey revealed that only six per cent of people currently...

Saudi Credit Facilities Expand to Boost Non-Oil Exports

Saudi Arabia is scaling up its efforts to support global trade. As part of this, Saudi credit facilities more than doubled recently. This growth...

Saudi Arabia Strengthens Media Growth with New Leadership

Saudi Arabia is taking bold steps to grow its media sector with a strong focus on trusted media solutions. In this context, the country has...

Saudi Islamic finance drives strong global growth

Saudi Arabia continues to lead in global Islamic finance. The Saudi Islamic finance market is growing fast, backed by Vision 2030. Strong sukuk activity...

Saudi Arabia Tourist VAT Refund Begins

Saudi Arabia now allows tourists to claim back the 15% Value Added Tax (VAT) they pay during their visit. The Saudi Arabia VAT refund system, launched...

Saudi Arabia IP Reforms Boost Global Innovation Ranking

Saudi Arabia IP reforms continue to strengthen the Kingdom’s position in the global innovation landscape. The country recently moved up in the Global Intellectual...

Saudi Arabia Leads GCC Fixed Income Market in Q1 with Strong Debt Issuance

Saudi Arabia bonds dominated the GCC fixed income market in the first quarter. The Kingdom raised $31.01 billion from 41 bond and sukuk deals,...

Quiqup Expands Logistics Network to Saudi Arabia

Quiqup expands logistics network again, and this time Saudi Arabia takes center stage. The UAE-based logistics company launched its core services in the Kingdom....

Saudi E-commerce Sales Jump 45% in January, Surpassing $5.5bn

In January 2025, Saudi Arabia e-commerce growth hit a record 45%, surpassing $5.5 billion in total sales. This rise highlights the country’s rapid move...

Comoros Secures Energy Future with Murabaha Financing Boost

Comoros has taken a major step toward energy stability with a new financial agreement supported by Saudi Arabia. The International Islamic Trade Finance Corporation...

Saudi Arabia Boosts Private Jobs in Strong Growth Quarter

Saudi Arabia’s non-oil private sector saw significant growth between January and March 2025. As demand increased and business activity expanded, companies created jobs at...
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