Saudi: Bank Albilad generates $149 3mln net profits in Q1-23 zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s Tadawul All Share Index concluded the week in the red by slipping down 36.03 points, or 0.32 percent, to close at 11,271.19 on Thursday. The total trading turnover reached SR6.31 billion ($1.68 billion). The Kingdom’s parallel market Nomu also edged down by 3.84 points to 21,322.08, and the MSCI Tadawul Index dropped by 0.33 percent to 1,519.19. The top
RIYADH: Saudi Arabia’s Tadawul All Share Index retreated on Monday, losing 60.30 points or 0.35 percent to 10,905.48. On Monday, parallel market Nomu also dropped by 24.84 points or 0.12 percent to 20,039.15, even as the MSCI Tadawul 30 Index dipped by 0.50 percent to 1,481.70. The total trading turnover of the benchmark index was SR5.27 billion ($1.40 billion). The banking
The aggregate net income of Saudi banks increased by 28.4% year-on-year (YoY) to SR62.7 billion ($16.7 billion) in 2022, a report said, noting that they are likely to remain on a profitable path in 2023 with continued credit growth.
RIYADH: Amid fears of a global banking crisis, Saudi lenders are expected to maintain profitability in 2023 with continued credit growth as the Kingdom’s top banks reported an aggregate net profit of 28.4 percent in 2022, revealed an analysis done by the global professional services firm Alvarez & Marsal. The report shows that the aggregate net income of the 10 biggest listed