JEDDAH: The Saudi Tourism Development Fund (STDF) on Monday signed two agreements with the Arab National Bank (ANB) to increase the financing of tourism projects in the Kingdom.
One agreement includes the provision of joint financing mechanisms between the two parties to support tourism projects in the Kingdom. The other deal spells out mechanisms to provide STDF with financial guarantees to provide financing solutions to small and medium enterprises (SMEs) in the tourism sector.
STDF CEO Qusai Al-Fakhri said the agreements will give a boost to the Kingdom’s tourism sector.
He said the initiative will help develop tourism agencies in major cities.
/Consumer Lending Market Overview Survey 2021 To 2025|Samba Financial Group, Banque Saudi Fransi, Riyad Bank, National Commercial Bank Trending
Consumer Lending Market Overview Survey 2021 To 2025|Samba Financial Group, Banque Saudi Fransi, Riyad Bank, National Commercial Bank
tanmayMay 14, 2021 4
Consumer Lending market is inclusive of an in-depth evaluation of this industry, and a commendable brief of its segmentation. The report, in a nutshell, incorporates a basic overview of the market with respect to its current status and the market size, with regards to its volume and revenue. Also, the study is inclusive of a summary of important data considering the regional scope of the industry as well as the firms that seem to have strongly established their position across the Consumer Lending market.
Dubai: Saudi Arabian stocks extended their lacklustre performance in recent sessions weighed down by a number of subpar first-quarter earnings, while Dubai shares ended the day higher mainly as blue-chip property stocks continued to cheer the markets.
Saudi Arabia s benchmark index dropped 0.7 per to 10,252 points slipping for a fourth day in the last five sessions as the index underwent pressure from mixed corporate earnings and as a raging pandemic in parts of the world continued to cloud oil demand outlook in the short term.
Results paint stocks with red
Banking stocks led the losses with Arab National Bank shedding more than 1 per cent after the first-quarter profits shrank by around 10 per cent to SR582 million as the lender reported decreased net special commission income and increased allowances for expected credit losses. Assir Trading, Southern Province Cement and City Cement all underperformed after reporting subdued first-quarter results.
Aya Batrawy
FILE- In this Dec. 12, 2019, file photo, a trader talks to others in front of a screen displaying Saudi stock market values at the Arab National Bank in Riyadh, Saudi Arabia. Saudi Aramco said Tuesday, May 4, 2021, it s profits soared by 30% for the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices as some of the world s biggest economies claw their way out of recession and ease restrictions amid vaccine roll-outs against COVID-19.(AP Photo/Amr Nabil, File) May 04, 2021 - 12:07 PM
DUBAI, United Arab Emirates - Saudi Aramco said Tuesday its profits soared by 30% in the first quarter of the year, compared to last year, riding on the back of higher crude oil prices. The results come as some of the world s biggest economies are clawing their way out of recession and easing restrictions amid vaccine rollouts against COVID-19.
Saudi oil firm Aramco s first-quarter profits up by 30% - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.