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Al Rajhi Bank acquires majority stake in fintech startup Drahim
The investment will be used to enhance Drahim’s existing products
Lending from Saudi banks grew 3.1% in 2Q 2024
Saudi banks’ cost-to-income ratio improved to 38.2%
New appointments at Yaqeen Capital + Sadirat
Moath Qasem Al-Khasawneh resigned from his role as CEO of Yaqeen Capital.
Saudi banks’ total assets up 10.5% y-o-y in 2Q 2024
, National Commercial Bank tops the list
An avalanche of earnings
Cenomi Centers | Al Hammadi Holding | Luberef | Ades Holding | Arabian Drilling | Dallah Healthcare | Banque Saudi…
PIF inks MoUs worth up to USD 50 bn with Chinese banks to ramp up capital flows between Riyadh, Beijing
The agreements were signed with six banks
Where the banking sector stood at the end of 2Q 2024
Personal loans accounted for almost 47% of banking system’s loan book in 2Q
Sama launches government banking services platform
The launch of Naqd is part of SAMA’s digitization strategy for the finance sector
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