Company News

SACO announces new Chairman and Vice-Chairman

(Tadawul - 7/20/2017 4:17:00 PM)

SACO announces It's Board of Directors resolution dated 20-07-2017 decided to reappoint Mr. Abdurahman Amin Jawa as Chairman and Mr. Sameer Mohammed Alhamidi as Managing Director and to appoint Mr. Abdulmohsen Altouk as Vice-Chairman for the new term of ...

SABB board recommends cash dividends for H1 2017

(Tadawul - 7/20/2017 10:02:00 AM)

The Saudi British Bank (SABB) announces that the Board of Directors has passed a resolution on Wednesday 19 July 2017 recommending the distribution of interim cash dividends to shareholders for the first half of 2017 as follows: 1. Total distribution ...

Damac inks home financing tie-up with Amlak

(Trade Arabia - 7/20/2017 7:40:00 AM)

Dubai-based Damac Properties, a leading luxury real estate developer, has partnered with Amlak Finance, a top Islamic home financing provider in the UAE, to offer its existing customers an exclusive investment opportunity. The ‘Double Your Property’ ...

Batelco, AFS partner for mobile wallet

(Trade Arabia - 7/20/2017 7:38:00 AM)

Batelco, a leading digital solutions provider in Bahrain and AFS, a top payment services provider in the region, have signed a memorandum of understanding (MoU) to roll-out a state-of-the art mobile wallet solution in the kingdom. AFS chairman Sael Al ...

Doha Bank counts on core earnings to post QR716mn profit in H1

(Gulf Times - 7/20/2017 7:32:00 AM)

Doha Bank has reported 1% year-on-year growth in net profit to QR716mn in the first six months of this year, mainly helped by the strength of its core earnings. “This is another outstanding result and is clear demonstration that Doha Bank continues to ...

CBI’s first-half 2017 net profit drops 24 per cent to Dh52 million

(Gulfnews - 7/20/2017 6:20:00 AM)

Commercial Bank International (CBI) has posted a net profit of Dh52 million for the first half of 2017, down 24 per cent compared to the same period last year. For the second quarter of the year, the bank’s net profit was flat year-on-year, but on ...

Gulf Bank records 10 percent rise in net profit for H1 2017

(Arab Times - 7/20/2017 6:12:00 AM)

Gulf Bank KSCP announced on Tuesday its financial results for the first half of 2017. The Bank recorded a net profit of KD 22.8 million in the first 6 months of 2017, an increase of 10% over the same period of 2016. The Bank was able to generate a net ...

SEC Saudi engineers successfully perform maintenance works at Al-Quray

(Saudi Gazette - 7/20/2017 6:04:00 AM)

Twenty five Saudi engineers and technicians at Al-Qurayyah Combined Cycle Power Plant have managed to realize an unprecedented achievement Kingdom wide during only 11 working days, when they performed maintenance works at the plant in accordance with the ...

Bahri, Bolloré launch logistics joint venture

(Saudi Gazette - 7/20/2017 6:03:00 AM)

Bahri, a global leader in transportation and logistics, has signed an agreement with the international Group Bolloré, to establish a new logistics joint venture between the company and Bolloré Logistics, one of the largest transport and logistics ...

Dubai lender Emirates NBD reports 5.8% rise in second-quarter profit

(Arab News - 7/20/2017 5:55:00 AM)

Emirates NBD, Dubai’s largest lender by assets, on Wednesday reported its second-quarter profit rose 5.8 percent to Dh2.02 billion (SR2.06 billion) versus Dh1.9 billion in the same period of last year. Net interest income rose 3.4 percent to Dh2.2 ...

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