Saudi-listed banks posted a combined net profit of 24 billion Saudi riyals ($6.4 billion) in the first quarter of 2026, marking an 8% year-on-year (YoY) increase and surpassing market consensus estimates by 3%, according to a new report by Alrajhi Capital. The earnings growth was primarily driven by strong performances from Al Rajhi Bank, Saudi […]
Riyadh, Saudi Arabia – HSBC has been appointed as an International Primary Dealer by the Saudi Ministry of Finance and National Debt Management Center (NDMC), enabling the global bank to act as an intermediary between foreign investors and Saudi Arabia’s local government debt instruments. The announcement follows a visit to the Kingdom by Georges Elhedery, Group […]
Dubai World Trade Centre (DWTC) Free Zone signed on Monday a Memorandum of Understanding with Wio Bank to provide streamlined digital banking solutions and financial services for companies operating within its jurisdiction. The partnership will simplify access to banking services for businesses establishing or operating within the free zone, further strengthening the ecosystem supporting entrepreneurs, start-ups […]
• Partnership underscores shared commitment to supporting Dubai’s real estate ecosystem Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced a strategic partnership with Sobha Realty, a leading luxury real-estate brand globally; to provide integrated home financing solutions for buyers of the premium luxury developer’s […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has launched a Business Support Package consisting of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months. Emirates NBD’s initiative will lend confidence to the business community in light […]
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has mobilised and facilitated AED20.3 billion ($5.53 billion) in sustainable finance by the end of 2025, marking a strong year of execution and reinforcing its commitment to deploy AED60 billion in sustainable finance by 2030. This performance underscores ADIB’s role as a trusted sustainable finance […]
Abu Dhabi, UAE, Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail Investment Company (JIC). The Jubail Island project, solely financed by ADIB from inception through to completion, reflects the Bank’s integrated approach to supporting landmark […]
PayTic, a leading fintech modernizing and automating day-to-day payment operations for banks, fintechs, and processors, today announces that Arab Bank has become the first Bank in the Middle East to adopt its platform — marking a landmark moment in the region’s payment infrastructure evolution. Founded in 2020, PayTic provides a no-code, processor-agnostic platform that automates […]
New Regional Headquarters: Citi officially opened its new Regional Headquarters (RHQ) Office at Kingdom Tower in Riyadh, Saudi Arabia, on October 25, 2025. Regional Headquarters Licence: This move follows Citi receiving its RHQ license in November 2024 and aligns with Saudi Arabia’s initiative encouraging companies to establish a regional headquarters. Youth Employment Program: The Citi Foundation also announced a $500,000 grant to […]
Barclays has received a provisional Capital Market Authority (CMA) licence, secured premises in King Abdullah Financial District, and will open its Riyadh office in 2026, expanding its presence in Riyadh as part of its broader Middle East growth strategy Mohammed Al-Sarhan will join as an Independent Non-Executive Chairman of the Board for Barclays’ Saudi Arabia […]