Saudi lenders post solid first-quarter gains
Al Rajhi and SNB outpaced estimates
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Al Rajhi and SNB outpaced estimates
Pricing landed just 104.7 bps all-in, with a 90 bps margin over SOFR
SNB posted SAR 25 bn in net income last year, while Al Rajhi recorded SAR 24.8 bn
PLUS: Riyad Bank prepares to redeem Tier 2 sukuk, while Nomu-listed Alqemam tees up a new SAR issuance
The size and pricing of both offerings are yet to be determined
The tower is scheduled for completion by December 2029
This pushed Arabian Drilling’s backlog to a record SAR 12.2 bn
Biban Forum sets stage for over SAR 20 bn in SME financing commitments
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