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ANB’s net income rises 3% y-o-y in 2025, Nadec’s falls 49%
ANB growth supported by fees and investments while Nadec’s bottom line slipped on a non-recurring gain
Banks report healthy growth in 2Q -Alvarez & Marsal
The growth was driven by higher non-interest income and a more measured pace of lending and deposit expansion
Sab, Alinma wrap up issuances + ANB readies AT1 sukuk
Sab completes a T2 green issuance, while Alinma seals a sustainable AT1
ICDOC secures SAR 210 mn refinancing agreement from Arab National Bank
ALSO- TTP Media Group launches ARTAI for AI-driven ads and videos
Arab National Bank, Mobily and Sasco post 2Q results
Mobily’s net income is up 25.6% y-o-y in 2Q, while Sascos is up 13%
NDF signs SAR 5 bn credit facility agreement with Al Rajhi Bank, ANB + Awwal Bank to buy back SAR 5 bn sukuk
The facility is set to support development projects across the Kingdom
Maersk + Saudi Post to roll out e-commerce logistics solution
Maersk will leverage its global network
ANB’s bottomline up 22% to SAR 5 bn in 2024
The bank is to distribute SAR 1.3 bn in dividends for 2H 2024
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