Saudi banks’ combined net profit was SR80bn ($21.3bn) in 2024, up from SR70bn ($18.7bn) in 2023, with the sector average ...

Saudi banks are set for a stronger start to 2025, with their asset-quality metrics expected to “remain strong” throughout the ...

Saudi Arabia’s Alkhorayef Water and Power Technologies Company has renewed and increased its existing bank facility with ...

GDP growth in the GCC is projected at 3.5 per cent in 2025. Interest rate cuts, together with further investment and structural reform initiatives, will mean non-oil growth of over 3.4 per cent in the ...

Riyadh – Saudi Kayan Petrochemical Company penned an agreement, on 16 March, to refinance Islamic Murabaha loans amounting to ...

Finastra today announced that the successful implementation of Finastra Kondor and cloud-based managed services provided by DXC Technology, a leading Fortune 500 global technology services provider, ...

Saudi Kayan Petrochemical Co. signed a Murabaha refinancing deal worth SAR 8.1 billion with several local banks. The ...

The total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at SAR3,005.9 billion ($801.44 billion) by the end of January 2025, according to the ...

Saudi Arabia is planning to open its second U.S. investment office in Miami, following its first in Washington, D.C.