Saudi National Bank Chairman Ammar al-Khudairy has resigned his post. He will be replaced by SNB Managing Director and group CEO Mohammed al-Ghamdi. Al-Khudairy's resignation comes within days of his ...

Profits at Saudi Arabia’s commercial banks rose to a record SAR89.97 billion ($24 billion) in 2024, an increase of 15 percent year on year. Aggregate profits in December also hit an all-time monthly ...

From infrastructure and SMEs to fintech, a thriving banking sector is taking a major role in the kingdom’s economic overhaul. One of the world’s most economically shut off countries a decade ago, ...

From infrastructure and SMEs to fintech, a thriving banking sector is taking a major role in the kingdom’s economic overhaul. One of the world’s most economically shut off countries a decade ago, ...

One piece of research recently claimed that a private investor had bought an undisclosed stake in banking group Samba Kingdom Holding, the investment vehicle of Prince Alwaleed bin Talal, the Middle ...

SAIB provides commercial, retail, and investment banking services as well as Shariah-compliant banking products and services across 51 branches in Saudi Arabia. SAIB recorded total assets of $34.7 ...

THE JAZZ III hybrid CDO, managed by Axa Investment Managers and lead arranged by Merrill Lynch in July 2006, was arguably the highlight public market structured credit trade of the past 12 months.

Islamic banking is not a niche concept in Saudi Arabia. It is a central part of how the Kingdom’s financial system operates and grows. As the global conversation shifts toward ethical finance, ...