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Banking & Finance, Business, Economy

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Al Rajhi Bank appoints Abdullah Al Rajhi as chairman

Al Rajhi Bank joins AFC Asian Cup 2027 sponsorship programme.
By TRENDS Desk
November 28, 2023 1:23 am
  • Al Rajhi Bank is also the world’s largest Islamic bank by assets and market capitalization.
  • It said in a regulatory filing that it also named Ibrahim bin Mohammed Al Romaih as vice chairman.

RIYADH, SAUDI ARABIA – Al Rajhi Bank said on Monday that it has appointed Abdullah bin Sulaiman Al Rajhi as chairman of the board of directors.

The bank said in a regulatory filing on the Tadawul that it also named Ibrahim bin Mohammed Al Romaih as vice chairman.

Al Rajhi Bank is Saudi Arabia’s second-largest lender by assets.

It is also the world’s largest Islamic bank by assets and market capitalization.

Earlier in April 2023, Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank.

The five-year Sukuk which was priced at a reoffer yield of 4.774 percent generated strong demand, attracting orders of over US$3.75 billion.

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INSEAD Day 4- 300x600