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National Commercial Bank latest

Saudi Arabia: Two Largest Commercial Banks End Merger Talks
December 18th, 2019 - 07:34 GMT

Saudi Arabia: Two Largest Commercial Banks End Merger Talks

The boards of directors of the two largest banks in Saudi Arabia, in terms of capital, have announced their final decision to formally end the year's discussions on their merging. This announcement ends the idea of forming the largest commercial bank in Saudi Arabia and the region. Following the end of transactions on Monday, the Saudi Stock Exchange (Tadawul) announced Saudi Arabia’s biggest lender by assets, National Commercial Bank (NCB) ...
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Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks, he said.
March 4th, 2015 - 07:24 GMT

Sudan bank to open first Gulf branch in Bahrain

The double-digit acceleration in loans of longer tenors is predicated by the premise that a moderation in infrastructure capex will leave some short-run liquidity unutilized.
February 10th, 2015 - 06:31 GMT

'Double-digit acceleration': Sukuks leap forward toward global integarion

Saudi Basic Industries Corp (SABIC), the Gulf’s biggest list company and one of the world’s top petrochemical producers, will pay two months’ basic salary to Saudi employees.
February 4th, 2015 - 04:55 GMT

Imitating royal handouts: Saudi Arabia's largest companies to issue free bonuses (to nationals only of course)

Al Bawaba
January 29th, 2015 - 04:55 GMT

The precedent has been set: More, bigger IPOs expected in Middle East during 2015

Middle Eastern equity and equity-related issuance totalled $11 billion in 2014, a 173 per cent increase from 2013.
January 26th, 2015 - 10:03 GMT

Time to reminisce? ME investment bankers toast to their best year of fees since 2008

 The initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
November 4th, 2014 - 05:29 GMT

Sixteen times oversubscribed: Saudi Arabia's 'mother of all IPO's' comes to an end

Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.
September 18th, 2014 - 12:57 GMT

Makes sense? Middle Eastern banks buy vast majority of Goldman Sachs' sukuks

Al Bawaba
August 28th, 2014 - 10:33 GMT

Saudi stocks reach six-year high

The Saudi banking system capitalized on reforms implemented during the financial crisis and posted record profits in 2013.
June 30th, 2014 - 03:09 GMT

How Sukuks are proving a viable financing option for Saudi Arabia

Among other gainers in Dubai were property developer Deyaar and construction firms Arabtec Holding and Drake & Scull.
March 24th, 2014 - 03:55 GMT

After last week's plunge, Saudi stocks recover to five year high!

Al Bawaba
March 16th, 2014 - 12:00 GMT

Saudi Arabia gets a mooooove on transforming its dairy sector to meet rising demand

Saudi construction industry has witnessed a boom in contract awards and ongoing construction activities
March 11th, 2014 - 06:55 GMT

Saudi construction sector booming with announcement of new contracts

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