October 19th, 2018 | 0 commentsEmirates NBD has raised a three-year loan worth $2 billion. The loan was raised last month through 18 banks, a bank representative told Reuters. They added that Emirates NBD was going to use the proceeds to refinance an existing loan worth $1.7 billion. “As a result of strong interest in the facility, Emirates NBD [was] able to upsize the...
October 19th, 2018 | 0 commentsSamba Financial Group on Thursday reported an 8.3% profit growth by the end of the third quarter of 2018, compared to the year-ago period. The Saudi lender’s profits reach SAR 1.41 billion during Q3-18, compared to SAR 1.3 billion in Q3-17, according to a statement to the Saudi Stock Exchange (Tadawul). Quarter-on-quarter, profits rose 1....
October 19th, 2018 | 0 commentsAlinma Bank on Thursday reported a 20.4% year-on-year profit increase in the third quarter of 2018, logging SAR 653 million ($174.02 million), from SAR 542 million ($144.44 million). Quarter-on-quarter, the Saudi lender’s profits rose 5.1% during the three-month period ended September, from SAR 621 million, Alinma Bank said in a filing to...
October 19th, 2018 | 0 commentsAhli Bank on Thursday reported an increase in its profits for the third quarter of 2018. Net profits amounted to QAR 537.84 million in Q3-18, compared to QAR 518.14 million in Q3-17, according to the bank’s statement to the Qatar Stock Exchange (QSE). Earnings per Share (EPS) amounted to QAR 2.56 for the period ended 30 September, from QA...
October 19th, 2018 | 0 commentsNational Leasing Holding (Alijarah) on Thursday posted an increase in its profits for the third quarter of 2018. Net profits amounted to QAR 4.32 million in Q3-18, against losses of QAR 20.21 million in Q3-17, according to a filing to the Qatar Stock Exchange (QSE). Earnings per share (EPS) amounted to QAR 0.09 during the three-month peri...
October 19th, 2018 | 0 commentsIndustrial Development and Workers Bank of Egypt (IDBE) has pumped EGP 150 million into the Egyptian Commodities Exchange (EGYCOMEX) to nearly 160 clients so far, the lender’s chairman Maged Fahmy said. The bank offers a financing of up to 70% of the private units’ value in the EGYCOMEX with a maturity date of five years and an interest r...
October 19th, 2018 | 0 commentsThe board of Sarwa Capital Holding for Financial Investments has agreed to begin the procedures of raising the company’s issued capital by nearly EGP 700 million. The capital will be raised by the issuance of 95.10 million shares, upon which subscription will be limited to Consolidated Financial Holdings (CFH) as a selling shareholder at...
October 18th, 2018 | 0 commentsBurgan Bank announced that subscribing for the shares to increase its capital has been closed on Wednesday, 10 October. The bank said that the rights issue has been fully subscribed, according to a bourse disclosure on Wednesday. The financial impact of Burgan Bank’s rights issue will be a capital hike in addition to endorsing the regulat...
October 18th, 2018 | 0 commentsKuwait Finance House (KFH) is planning to finance megaprojects, mainly in the oil sector, in 2019, the CEO of the bank Mazin Saad Al Nahedh told Al Arabiya. The financial status of the banking sector is going on the right track with a flow in liquidity, Al Nahedh added. The megaprojects are expected to enhance the banking sector with tran...
October 18th, 2018 | 0 commentsNational Central Cooling Co. “Tabreed” on Wednesday announced plans to launch fixed-rate US dollar-denominated sukuk and begin a roadshow to market the sukuk. The seven-year sukuk will be marketed through a series of fixed income investor meetings spanning the Middle East, Europe, and Asia, the first said in a bourse filing. Tabreed plans...
