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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.

(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...

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

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.

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.

Thursday, Jan 15 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services.You can view the full IFG briefin http://tmsnrt.rs/1wcU5UW under IFG Briefings Subject.TOP STORIESCIMB, smaller lenders scrap plan to form Malaysia&aposs largest bankMalaysia&aposs CIMB Group Holdings a