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- Southern Province, Yanbu Cement extend key merger talks
- Burgan Bank appoints Al-Roomi as Deputy General Manager
- NBK 'first bank to launch automated safe deposit boxes' for customers
- Zain Omantel International takes home four major industry awards
- Income Tax key step for revenue diversification: Economy Minister
- Qatar Stock Exchange index soars to new heights amid regional tensions
- Dollar falls against other currencies
- UAE FinTech market likely to grow from $3.16 billion in 2024 to $5.71 billion by 2029
- Al Mal Capital REIT announces follow-on public offering
- Saudi Arabia's Non-Oil Industrial Sector Grows 5.3% in 2024
23/11/2009 00:00 AST
Al Salam Bank- Sudan posted a $21.5 million profit in the third quarter of this year, including investors shares - up about nine per cent compared to $19.7m during the same period last year.
In addition, the bank announced an increase in earnings per share from nine cents to 12.4 during the third quarter. It also allocated $3.3m for funding during the third quarter, bringing the total to $4.95m for the first nine months of this year. The net profit of property rights also increased by 38pc since the third quarter last year - from $9m to $12.4m. On the downside, the value of assets - $436m - at the end of the third quarter was about five per cent less than $458m for the same period last year. The bank said that the decline came as a result of a rising dollar against the Sudanese pound. "The results indicate the banks strong position in the financial markets," general manager Osman Mokhtar said.
"We expect the bank to achieve greater success in the fourth quarter and excellent financial results at the end of this year," he added.
Gulf Daily News
23/11/2009
Al Salam Bank -Sudan has released new figures showing substantial Q3 gains as well as positive growth in investors shares.
The bank achieved a profit of $21.5m during Q3 2009 including inv
AME Info
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | 0.00 (0.00 |
| FAB | 16.54 | 1.08 (6.98 |
| EMIRATESNBD | 22.75 | 0.30 (1.33 |
| ADCB | 12.54 | 0.74 (6.27 |
| ADIB | 20.42 | 1.14 (5.91 |
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
25/06/2025
In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
Kuwait Times
25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
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