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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Bank Albilad posts net profit

Unitholders can expect to receive their cash distributions within 10 days from the entitlement date.
By TRENDS Desk
October 26, 2023 6:03 pm
  • The bank reported a 3 percent year-on-year increase in gross operating income during January-September 2023 period.
  • The rise in gross operating income was mainly due to higher net income from investing and financing assets.

RIYADH, SAUDI ARABIA – Bank Albilad reported a 14 percent rise in net profit to US$469 million (SAR 1.76 billion) for the first nine months of 2023, compared to US$410 million (SAR 1.54 billion) in the corresponding period last year.

The bank reported a 3 percent year-on-year increase in gross operating income during the nine-month period.

This was mainly due to higher net income from investing and financing assets.

The third-quarter net profit grew 14 percent to US$164 million (SAR 616.20 million) from US$144 million (SAR 540.65 million) in Q3 2022, on a 1 percent higher gross operating income. 

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