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THIS MORNING: Ma’aden is gearing up to invest USD 1.3 bn in Brazil + BSF, Al Rajhi Bank kick off sukuk offerings
PLUS: Egypt-based financial services player CI Capital is planning to expand into the KSA in 1H 2025
A flurry of debt news from Al Rajhi + ANB + BSF
Arab National Bank is planning to issue a SAR-denominated sukuk via private placement
The Kingdom’s top ten listed banks turned in solid 3Q results
Cost of risk deteriorated on the back of an uptick in impairment charges
Moody’s upgrades ratings for Saudi banks
Most banks’ outlook was also revised to stable from positive
Saudi banks report record net income of SAR 20.5 bn in 3Q 2024
The increase was supported by greater investments and operating income
Earnings season continues at full swing
AL RAJHI BANK- Al Rajhi Bank’s net income was up 22.8% y-o-y at SAR 5.1 bn in 3Q 2024 as…
Al Rajhi’s fintech arm Ejada eyes IPO
IPOs in the Saudi tech sector are relatively uncommon
Al Rajhi raises record USD 1.9 bn in fresh financing
The three-year loan will be split into two tranches
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