Tagged: Jeddah

Syndicated bank lending in KSA doubles in 2012

Syndicated bank lending in KSA doubles in 2012

Syndicated lending by Saudi Arabian banks has increased by almost twice in 2012, according to Bloomberg. On the contrary, syndicated lending has slowed overall in the Middle East and North Africa as it fell by 5 percent this year registering its first …

Nigeria/IDB: Nigeria to Host IDB Business Forum

Nigeria/IDB: Nigeria to Host IDB Business Forum

The Islamic Development Bank (IDB) Group, based in Jeddah, Saudi Arabia, will be hosting a two-day business forum under the title “IDB Group-Nigeria Business Forum” in cooperation with the Federal Ministry of Finance of Nigeria and the Nigerian Nat…

HSBC leads $4bln Saudi Sukuk

HSBC leads $4bln Saudi Sukuk

It appears that HSBC Saudi Arabia led a very successful SR15 billion ($4 billion) 10-year Sukuk issuance for the General Authority of Civil Aviation (GACA). The funds from the Sukuk launch will be used for the construction of the new King AbdulAziz Int…

ICD tie-up with INCEIF

ICD tie-up with INCEIF

The Islamic Corporation for the Development of the Private Sector has appointed Malaysia’s INCEIF to deliver its Chartered Islamic Finance Professional course for the ICD’s two-year Islamic finance talent development program.
The program will begin…

Capital Intelligence marks down Bank AlJazira

Capital Intelligence marks down Bank AlJazira

Capital Intelligence (CI) has lowered the Financial Strength Rating (FSR) of Bank AlJazira (BAJ), based in Jeddah, Saudi Arabia, to ‘BBB’ from ‘BBB+’. The bank has now a stable outlook.
At the end of 2010, the Bank’s total staff was 1,616.

Professional advice ‘vital for investors’

Professional advice ‘vital for investors’

A seminar organized by Al-Rajhi Capital disclosed in Riyadh that the Saudi government has been extremely serious about exploiting its investment potential for the benefit of investors and nation at large.
But there is a need to exert more efforts to en…