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Saudi news

Al Rajhi Bank recommends distributing 12.5% ​​cash dividends for the year 2022

The Board of Directors of Al-Rajhi Bank recommended distributing cash dividends to shareholders of 12.5% ​​of the capital (equivalent to…

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Economy

World Bank warns global economy could tip into recession in 2023

Follow-ups -eshrag News: HOUSTON: Oil prices were little changed in choppy trading on Tuesday as the market awaited the Federal…

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Economy

​​SABB pens deal with Saudi Electricity Co. to automate bank guarantees

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s success in attracting a record amount of investment of $32 billion last year is…

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Economy

Islamic Development Bank pledges $4.2bn for Pakistan’s climate rebuilding efforts

Follow-ups -eshrag News: Mon, 2023-01-09 15:01 GENEVA: The Islamic Development Bank has pledged $4.2 billion over the next three years…

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Economy

CEO of Türkiye’s top bank says capital boost to help it drive economy in 2023 

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s Tadawul All Share Index extended last week’s cautious stance as it closed flat —…

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Saudi news

Amending a facility agreement with Al Rajhi Bank for 231 million riyals

“Halwani Brothers” announced that it had signed an amendment to an existing banking facilities agreement in compliance with the provisions…

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Saudi news

Aramco oil pipeline investors raise $1.7 billion from a bank loan

The consortium that won the Aramco oil pipeline deal obtained a loan of about $1.7 billion to finance the new…

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Saudi news

“Bank Albilad” intends to buy 5 million shares and allocate them to the employee program

Bank Albilad announced its intention to purchase a number of its shares to be used as treasury shares. The bank…

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Economy

World Bank seeks more funds to address climate change, other crises: Reuters

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s Tadawul All Share Index inched up 31.67 points — or 0.30 percent — on…

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Saudi news

“National Building” raises the limit of banking facilities from “Riyad Bank” by 50 million riyals

The National Building and Marketing Company announced that it had signed an agreement to increase the limit of banking facilities…

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