Business Blog

UPDATE 1-Saudi's Al Rajhi Bank posts sixth straight drop in quarterly profit

* Q4 net profit down 1.8 pct year on year* Sixth straight quarterly profit drop* Trims H2 2014 dividend to 0.75 riyals/share* Shares down 2.7 pct in opening minutes of trading(Recasts, adds analyst comment, context)DUBAI, Jan 15 (Reuters) - Al Rajhi Bank 1120.SE , Saudi Arabia&aposs second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, marking the sixth straight

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Saudi's Al Rajhi Bank posts sixth straight drop in quarterly profit

Al Rajhi Bank, Saudi Arabia's second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, marking the sixth straight drop in quarterly profit for the sharia-compliant institution.

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Fitch: Aborted CIMB/RHB Merger Highlights Tougher Environment CIMD.KL RHBC.KL RHBS.KL

(The following statement was released by the rating agency) SINGAPORE, January 15 (Fitch) The cancellation of a proposed merger of CIMB Group, RHB Capital and Malaysia Building Society (MBSB) to form a mega bank underscores the inherent risks related to...

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MIDEAST STOCKS-Gulf markets rise after oil rebounds

Gulf stock markets posted broad gains in early trade on Thursday after oil prices rebounded on Wednesday.

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Saudi's Al Rajhi Bank lowers H2 cash dividend after Q4 profit drop

Al Rajhi Bank, Saudi Arabia's second-largest listed lender, proposed a 0.75 riyal per share cash dividend for the second half of 2014, it said in a statement on Thursday.

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Saudi's Al Rajhi Bank Q4 net profit falls 1.8%, misses forecast

Al Rajhi Bank,, Saudi Arabia's second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, it said on Thursday, missing analysts' forecasts.

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