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Saudi Banks Profit from Rising Lending, Deposit Volumes

Saudi Banks Profit from Rising Lending, Deposit Volumes
aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.

Ar riyaSaudi arabiaAbdullah al kathiriAsharq al awsatSaudi national bankAl rajhi bankAl ahli bankRiyad bankBank aljaziraRajhi bank

Eid-Ul-Fitr Moon Sighting 2024 In India: Shawwal Crescent Moon Not Visible Today, Check Eid Date

Eid-Ul-Fitr Moon Sighting 2024 In India: Shawwal Crescent Moon Not Visible Today, Check Eid Date
oneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oneindia.com Daily Mail and Mail on Sunday newspapers.

Ar riyaSaudi arabiaUnited kingdomAbdullah al kathiriIssa al ghafiliMadhuri adnalMutaib al barghashChand raatEid al adhaRamadan eidEid ul fitr moon sightingShawwal crescent moon not visible todayCheck eid dateMiddle eastSaudi meteorologySouth asian

Saudi Oil Companies Incur Losses in 2023 Due to Slow Global Demand, Falling Product Prices

Analysts said that the large losses recorded by oil companies listed on the Saudi Stock Exchange (Tadawul) were due to the slowdown in the global economy, which caused a decline in demand for petrochemical products. Petrochemical companies listed on Tadawul registered a combined net loss of around SAR 5.2 billion ($1.4 billion) in 2023, compared to profits that amounted to SAR 29.8 billion in 2022.

Saudi arabiaAsharq al awsatMohammed al maymouniAbdullah al kathiriSaudi stock exchange tadawulSaudi groupSteel company hadeedPublic investment fundSaudi stock exchangeSaudi ironSteel companyArab trader mohammed al maymouni

Deposits, Loans Raise Saudi Banks Profits in 3rd Quarter

Saudi banks achieved SAR 18 billion ($4.8 billion) in profits at the end of the third quarter of 2023 - the highest quarterly profits in their history - due to the rise in interest rates and the increase in the volume of deposits and the diversification of the products they offer to their customers. The profitability of Saudi banks increased by SAR 1.5 billion over the same quarter in 2022, maintaining profit growth for the third quarter in a row, according to the financial results announced on the Saudi Stock Exchange (Tadawul).

Saudi arabiaMohammed makniAbdullah al kathiriAsharq al awsatImam mohammad bin saud universityIthmar development companySaudi stock exchange tadawulSaudi stock exchangeGeneral managerAssistant professorImam mohammadSaud universitySaudi vision