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National Commercial Bank

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Saudi Arabia: Two Largest Commercial Banks End Merger Talks
December 18th, 2019 - 07:34 GMT

Saudi Arabia: Two Largest Commercial Banks End Merger Talks

The boards of directors of the two largest banks in Saudi Arabia, in terms of capital, have announced their final decision to formally end the year's discussions on their merging. This announcement ends the idea of forming the largest commercial bank in Saudi Arabia and the region. Following the end of transactions on Monday, the Saudi Stock Exchange (Tadawul) announced Saudi Arabia’s biggest lender by assets, National Commercial Bank (NCB) ...
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Lower crude oil prices and reduced production might materialize, with the increased possibility of oversupply from OPEC and non-OPEC, which will weigh negatively on oil revenues and will reverse the hefty fiscal and current account surpluses of recent years.
December 26th, 2013 - 05:18 GMT

SAMA's unprecedented role in safegaurding the Saudi economy

The private sector is expected to take on a larger role in Saudi's infrastructure projects in 2014 (File Archive)
December 23rd, 2013 - 01:44 GMT

Saudi private sector: prospects for 2014?

KSA's foreign assets reached a record high of SR2.66 trillion ($708.8 billion) (Shutterstock)
December 1st, 2013 - 08:13 GMT

KSA's foreign assets reach record high in 2013

The banking secotr in Saudi Arabia continues to grow in the midst of a tough global market. (Image credit: Shuterstock)
November 20th, 2013 - 06:12 GMT

In a strong showing, Saudi Arabia's bank deposits are up 14%

Investments worth $63.1 billion will be in the GCC, $21.4 billion in Iran and approximately $53 billion in the combined other countries of the region.
August 14th, 2013 - 12:11 GMT

MENA's energy future requires $145.7b in investments

Total housing stock in the Saudi housing market is expected to expand by 2.2 million units during the next 8 years
August 1st, 2013 - 12:55 GMT

Saudi housing demand to increase to 265,000 units yearly

Growth in the depositary base continues to provide opportunities to expand the financing capabilities of the banking system
July 18th, 2013 - 07:55 GMT

Deposits at Saudi banks reach SR1.3 trillion

The transactions took almost a year to complete due to the complex structures
June 24th, 2013 - 09:29 GMT

Saudi Alhokair units sign $1.2 bn financing for real estate deals

Analysis of exports composition shows that petrochemicals regained dominance as the top nonoil export category
June 16th, 2013 - 10:38 GMT

UAE leaps over China as top importer of Saudi products

The deal will be the first local currency Saudi debt issue that Standard Chartered has been involved in
June 12th, 2013 - 11:57 GMT

Saudi airports agency picks banks for huge riyal Sukuk

One Saudi Riyal
May 27th, 2013 - 12:05 GMT

'Top 100’ Saudi firms gain 35% to $83bln

The state of the construction sector appears to reflect its robustness that it has exhibited over the last couple of years
May 26th, 2013 - 10:54 GMT

Saudi construction contracts exceed whopping $13 bln in Q1 only

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