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Business, Banking & Finance, Economy

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Saudi bank loans to public and private sectors grow 14% by July end

Loans granted to public non-financial institutions increased 26% YoY to $29.57 billion. (WAM)
By TRENDS Desk
August 30, 2022 11:22 pm
  • The total loan granted by Saudi banks amounted to SAR 2.324 trillion ($620bn) by July end.
  • Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion ($590bn).

Riyadh, Saudi Arabia – Saudi bank loans granted to public and private sectors grew 14 percent by the end of July to SAR 2.324 trillion ($620bn), compared to SAR 2.034 trillion ($540bn) a year earlier, according to data issued by the Saudi Central Bank (SAMA).

Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion($590bn) for the same month.

Meanwhile, loans granted to public non-financial institutions increased 26 percent YoY to about SAR 111.1 billion($29.57bn) by the end of July.

 

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