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Saudi Arabia’s top 10 listed banks post strong 1Q 2025 financials
Aggregate net income of Saudi top 10 listed banks rose 6.3% q-o-q in 1Q 2025 to SAR 22.2 bn
Al Hilal stuns Manchester City with 4-3 victory in Club World Cup
PLUS: Factories in 46 industries permitted to set up shop within cities
Lower fees, more transparency from Sama’s new credit card regs
Banknotes withdrawal fees are now capped at 3% and SAR 75
IsDB taps sukuk market for second issuance this year
The issuance is part of the bank’s USD 25 bn Trust Certificate Issuance Program
SNB closes its biggest USD-denominated debt issuance
Orders exceeded USD 4 bn
GCC could see external funding outflows due to the Israel-Iran conflict -S&P Global
External funding outflows could reach around USD 240 bn
SNB to issue USD-denominated tier 2 capital debt instruments
The issuance would come as part of its EUR medium-term note program
Societe General becomes first bank to launch USD-backed stablecoin
The USD CoinVertible will be tradable from July
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