The three-year financing is meant to support the construction of a staff camp
Riyad Bank
Latest in Riyad Bank
Kingdom Holding
Red Sea Global secures $522m finance deal with Riyad Bank to support Four Seasons resort
Red Sea Global completes major finance deal to help develop Four Seasons Resort at Shura Island
Abdulla Almoayed
Tarabut Gateway announces four partnerships as open banking set to launch in Saudi Arabia
Kingdom has announced its ambition to go cashless, aiming for 70 percent non-cash transactions by 2030
Jadwa Investment
Jadwa launches new $800m real estate fund as Saudi property market booms
Jadwa Investment announces partnership with Tatweer Group, NUMU Holding Company and Riyad Bank to launch fund
Asset Management
Saudi Riyad Bank sells US office complex for $200m
Transaction by Saudi-based Riyad Capital was for Sequoia Plaza, a three-building office complex covering 370,000 square foot in Virginia
Riyad Bank
Saudi Arabia launches new $530m fund to develop tourism destinations
Tourism Development Fund and Riyad Bank unveil Tourism Partners program to provide financing for projects
Prophet's Mosque
Saudi Tourism Fund enlists local bank for $346.7 million project in holy city Medina
The 15 billion-riyal TDF signed an agreement with Medina-based Knowledge Economic City Co. and Public Investment Fund-backed Riyad Bank
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#Inclusion
How the GCC’s leading banks can use inclusion to advance their businesses
Diversity, accessibility, and inclusion are concepts that have recently become increasingly popular around the world
Al Rajhi Bank
US rate cuts set to impact Saudi, UAE bank revenues
Currencies in Saudi Arabia and the UAE are pegged to the dollar, and the two countries usually follow interest rate changes made by the US Federal Reserve
Abu Dhabi Commercial Bank
Look who’s talking: the Gulf’s $1trn bank merger bonanza
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks
Ahmed Abdulkarim Alkholifey
No more bank mergers expected in Saudi Arabia, says Central Bank Governor
Central Bank Governor Ahmed Al-Kholifey said that deflation is unlikely in Saudi Arabia due to consumer demand and real estate loans
Apple Pay
Mastercard and mada team up to offer Apple Pay in Saudi Arabia
Brand View: Highly anticipated move heralds new era for mobile payments in the country, with National Commercial Bank and Riyad Bank cardholders among the first to enjoy the benefits of the mobile payment service
Abu Dhabi
The Gulf merger wave: What’s next for the banks in the region?
Abu Dhabi’s three-way bank merger is set to create a $114bn financial giant
Amin Nasser
Saudi Aramco refinery JV said to hire adviser on funding
Sources say financing for the $5bn Amiral project is expected to be arranged from banks and export credit agencies
bank merger
JPMorgan ‘close’ to being hired for Saudi bank merger
Sources say National Commercial Bank is close to hiring JPMorgan Chase & Co to advise on its merger with Riyad Bank
bank merger
Rising interest rates set to boost Saudi banks’ earnings
Earnings at Saudi Arabia’s 12 listed banks will probably climb 10.1% in 2019
Gulf banks merger
Saudi banks said to seek advisors on $182bn merger
Sources say National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender