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Abu Dhabi stocks rose to an all-time high on Wednesday boosted by shares of conglomerate International Holding (IHC), which extended a four-day winning streak. ....
Abu Dhabi stocks closed at a record high on Wednesday, lifted by extended gains in International Holding (IHC) after the conglomerate delivered strong first-half numbers earlier this week. ....
Saudi banks report strong Q2 in sign of economic upturn arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Banque Saudi Fransi posts annual increase of 38.4% in net profits in H1 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.
TRSDC secures $3.7bn funding for mega Red Sea project RIYADH, 3 hours, 18 minutes ago The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, has closed a SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four Saudi banks.
The financing is the first Riyal-denominated credit facility to receive green financing accreditation, said a statement from TRSDC.
The Green Financing accreditation is governed by a Green Financing Framework aligned with the Green Bond Principles (2018) and Green Loan Principles (2020) set out by the International Capital Markets Association (ICMA) and the Loan Market Association’s (LMA) respectively. ....