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- Saudi bank lending hits record $788bn as corporate loans surge
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Financing and investing receivables grew by 17 per cent
23/10/2014 05:31 AST
Emirates Islamic (EI), the Islamic Bank belonging to Emirates NBD group reported a net profit of Dh256 million net profit for the first 9 moths of 2014.
The bank continued to deliver healthy performance with total income, net of customers' share of profit up by 27 per cent to Dh1.41 billion from the compared to the first nine months of 2013.
Financing and investing receivables grew by 17 per cent to Dh25.3 billion from the end of 2013. EI's focus in 2014 has been on growing the SME portfolio supported by an increased product offering.
Islamic banking revenue improved 24 per cent year on year. Islamic Banking business continued to develop through a strengthened core franchise coupled with an expansion of retail, SME, and corporate offerings, Emirates NBD said in a statement.
Gulf News
07/07/2016
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Emirates Insurance Company P.S.C. (EIC) (United Arab Emirates). The outlook for each rat
Business Wire
23/10/2014
Sharjah Islamic Bank (SIB) announced Dh295 million net profits, up 33.5 per cent for the first nine months of 2014 compared to Dh221 million achieved in the same period last year.
Net custom
Gulf News
17/06/2014
The nomination committee of Emirates Insurance Co announced on Monday that it has reviewed the credentials of the nominees to fill the two vacant board positions. The election will take place during
Gulf News
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.50 | 0.00 (0.00 |
| FAB | 14.48 | -0.06 (-0.42 |
| EMIRATESNBD | 20.80 | 0.15 (0.72 |
| ADCB | 11.86 | 0.16 (1.36 |
| ADIB | 16.12 | 0.06 (0.37 |
06/02/2025
Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's
Arab News
05/02/2025
Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi
Saudi Gazette
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
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