Lender’s net profit hit $1.5bn in Q1 Al Rajhi is world’s biggest Islamic bank Profit up 3% at Kuwait Finance House Al Rajhi Bank, the world’s largest Islamic bank by capital, has reported a 34 percent ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. bank has opted for a complete renovation using Temenos T24 Transact as ...

Al Rajhi Bank raised $1bn through issuing 5,000 Tier 2 social sukuk to meet its financial and strategic objectives, the bank said in a statement on Saudi stock exchange, the Tadawul on September 10.

The award winning Temenos’ Islamic Banking Suite coupled with its Saudi Model Bank application which includes global best practices and pre-configured local functions, will enable Al Rajhi Bank to ...

Those deals involved issuers ranging from the Kingdom of Saudi Arabia to UAE sovereigns and corporates. They also included Al Rajhi’s own groundbreaking perpetual sukuk issuance. This transaction is ...

LONDON--(BUSINESS WIRE)--Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of the world's largest Islamic bank by assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has selected ...

RIYADH, Saudi Arabia, 19 July 2009/PRNewswire/ -- Al Rajhi Bank CEO, Mr. Abdullah Sulaiman Al Rajhi announced that the Bank posted a net profit of SR 3,503 million, compared to SR 3,344 million during ...

Banking is evolving in Saudi Arabia – the Gulf’s largest economy – with government and regulatory initiatives boosting growth in the sector. Saudi banks reported an average asset growth of 12% in ...

March 6 (Reuters) - Al Rajhi Bank 1120.SE, the largest Islamic lender in the world, has raised $1 billion from sale of 5-year sustainable Islamic Bonds or 'sukuk', an arranging bank document showed on ...

McCann saw off rivals Naga DDB, Leo Burnett and Lowe to win the assignment. The brief — developing the brand essence, corporate brand and launch advertising strategy —was to position Al Rajhi as an ...

DUBAI, Jan 30 (Reuters) - Al Rajhi Bank 1120.SE, Saudi Arabia's second-largest lender by assets, reported a 16% rise in its full-year net profit on Monday, beating analyst estimates as it registered ...

(Reuters) - Most Gulf stock markets opened lower on Wednesday due to lacklustre corporate earnings, although the Saudi index rose on strong gains by Al Rajhi Bank. Dubai's main share index dropped 1%, ...