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Saudi Awwal Bank (SAB) announced on Monday the Bank’s financial results for the period ending on June 30, 2024.In the first half of 2024, SAB demonstrated robust financial performance, with a net profit of SR4,061 million after Zakat and Income Tax, marking a 23% year-on-year increase. The bank's total operating income also grew year-on-year by 10%, reaching SR6,939 million. Lubna Olayan, Chair of SAB, commented: "I am delighted to report another period of strong financial performance for SAB. Our H1 2024 results demonstrate the success of our transformation strategy and our ability to deliver sustainable growth."She further added: “Our loan growth has been remarkable, outpacing the market with substantial increases in our corporate and retail sectors. Our corporate...
August 05, 2024
Saudi Awwal Bank records SR4.1 billion net profit after zakat and income tax for 1H24, marking a 23% increase from 1H23
August 04, 2024
World-class falcon auction on Monday in Riyadh: Top breeds from across the globe
August 04, 2024
Saudi National Bank reports SR10.3 billion net profit in first half of 2024
August 02, 2024
Darco Real Estate launches SR485 million project in Jeddah's waterfront
August 02, 2024
Intel axes 15,000 jobs as stock markets slide
July 31, 2024
Grand launch of OMODA&JAECOO in Riyadh: Ushering in a new era for personalized car brands in Saudi Arabia
July 30, 2024
Saudi Awwal Bank becomes first bank in Saudi Arabia to receive Local Content Certificate
July 30, 2024
Petromin Foton launches TUNLAND V with hybrid power system in Saudi Arabia
July 29, 2024
Consumer sentiment in Saudi Arabia shows positive trends: Ipsos report
TCL Electronics, the world's Top 2 TV brand and Top 1 98-inch TV brand, proudly announced the TCL Lifestyle Festival, the first-ever POP-UP event in the Kingdom of Saudi Arabia. Held from July 25-31, 2024, at Cabo Coffee in City Yard, Jeddah, this event was positioned as the ultimate summer destination for families seeking comfort, entertainment, and innovative home solutions.As summer temperatures soared, homeowners looking to upgrade their air conditioning systems found their answer in TCL. Renowned for its innovative cooling solutions, TCL stood out as the premier choice for creating a comfortable and refreshing home environment. TCL invited attendees to "Relax and Breathe with TCL" at the TCL Lifestyle Festival, the ultimate destination to chill and experience the breeze...
July 26, 2024
TCL unveiled lifestyle festival: The first POP-UP event, the best place to chill with family this summer