Business Blog

Jan 6 (Reuters) - ** Shares in Saudi lender Al Rajhi 1120.SE surge 5 pct after it announced a planned capital increase, which it says will contribute to good growth ratios in future years. ** Al Rajhi shares were trading at 92.4 riyals ($24.6), the...

A merger between NCB and Riyad Bank would further extend NCB's lead over its closest rivals

** Shares in some Saudi Arabian banks tumble after lenders reach settlement deal with government over payment of zakat. urn:newsml:reuters.com:*:nFWN1YP0RT ** Al Rajhi Bank 1120.SE falls 3.3 percent, Bank AlJazira 1020.SE slumps 4 percent and Bank...

The regulator said the Dubai Financial Centre had almost 70 funds registered within the financial free zone.

Citigroup, Dubai Islamic Bank, First Abu Dhabi Bank, KAMCO Investment Co, KFH Capital Investment Company, and Standard Chartered Bank have been hired to lead the transaction

SRC plans to issue $1.07bln in sukuk this year