Saudi banking sector


Credit Agricole Exits Saudi Arabia With $386m Fransi Sale

Middle East Business News - Published date: .

About 48.3m shares were sold at 30 riyals each as the stock closed at 32.20 riyals on Sunday Read more

Standard Chartered Bank Appoints New Saudi CEO

Middle East Business News - Published date: .

Standard Chartered Bank was awarded the licence to setup a banking branch in Saudi Arabia in 2019 Read more

Saudi Banks Turn To Twitter, Mobile Apps Amid Digital Shift

Middle East Business News - Published date: .

According to statistics from Twitter, 76% of Saudi bank customers used their banks official banks in April, up from 69% ... Read more

How Saudi Arabia's $15.6bn Bank Merger Would Stack Up

Middle East Business News - Published date: .

The National Commercial Bank-Samba merger would create a banking giant in terms of loans with almost a 30% market share... Read more

Shares Of Saudi Samba Surge After $15.6 Billion Takeover Bid

Middle East Business News - Published date: .

The kingdom has been taking steps to shore up its banking sector from the coronavirus shock and lower oil prices Read more

Credit Suisse Hires New CEO For Saudi Commercial Bank Unit

Middle East Business News - Published date: .

Credit Suisse is expanding after receiving a full banking license for the kingdom in April 2019 Read more

What Are The Prospects For GCC Banks In 2020?

Middle East Business News - Published date: .

Moody's Investors Service says the outlook for GCC banks remains stable, expect in Oman Read more

Saudi Arabia Said To Mull Increase In Lending For Aramco IPO

Middle East Business News - Published date: .

Sources say Saudi Arabian Monetary Authority met banks this week to discuss how much they can lend to domestic stock buy... Read more

UAE's Biggest Bank FAB Expands Saudi Operations

Middle East Business News - Published date: .

First Abu Dhabi Bank announces opening of a branch in Al Khobar, with Jeddah to follow shortly Read more

JPMorgan Says Saudi Business Is Fastest Growing Globally

Middle East Business News - Published date: .

Senior exec says Saudi Arabia will become one of the main hubs in the world for JPMorgan Chase & Co Read more

Saudi Banking Sector Shows Strong Growth

Middle East Business News - Published date: .

Latest KPMG report reveals increase in net profit and total assets Read more

UAE's Largest Bank Launches Saudi Ops With Riyadh Branch

Middle East Business News - Published date: .

First Abu Dhabi Bank has officially inaugurated its Saudi Arabia operations by opening its first branch in Riyadh Read more

Trendy Makeover For Saudi Arabia's Delayed Banking Hub

Middle East Business News - Published date: .

The King Abdullah Financial District is being revamped to blend business with residential and lifestyle destinations Read more

Saudi Banking Giant Picks Temenos For Digital Transformation

Middle East Business News - Published date: .

Al Rajhi Bank, the world's largest Islamic bank, appoints software firm to drive digital solutions Read more

Standard Chartered Gets Approval To Open Branch In Saudi

Middle East Business News - Published date: .

The 150-year-old lender has been operating in the kingdom through Standard Chartered Capital Saudi Arabia since 2009 Read more

UAE Performance Weighs On Standard Chartered's MidEast Momentum

Middle East Business News - Published date: .

Banking giant says it saw good performance in Saudi Arabia but also highlights 'underperformance' in the UAE Read more

No More Bank Mergers Expected In Saudi Arabia, Says Central Bank Governor

Middle East Business News - Published date: .

Central Bank Governor Ahmed Al-Kholifey said that deflation is unlikely in Saudi Arabia due to consumer demand and real ... Read more

4m Women Among 7m Saudis Without Bank Accounts

Middle East Business News - Published date: .

A new study from the King Khalid Foundation found that 66 percent of Saudis without bank accounts cite a lack of adequat... Read more

4m Women Among 7m Saudis Without Bank Accounts

Middle East Business News - Published date: .

A new study from the King Khalid Foundation found that 66 percent of Saudis without bank accounts cite a lack of adequat... Read more