Latest news with #ArabNationalBank
Zawya
4 days ago
- Business
- Zawya
SRC signs portfolio acquisition deal with Arab National Bank
Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio. The agreement was signed in the presence of Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the Saudi Real Estate Refinance Company, and Eng Salah Rashid Al-Rashed, Chairman of the Board of Arab National Bank. The agreement marks an extension of the strategic partnership between the two parties and reaffirms their shared commitment to supporting the growth and sustainability of the real estate finance market in the kingdom, said a statement. It aims to enhance liquidity for lenders and enables home ownership among citizens through advanced financing solutions that align with the objectives of the Housing Program under Saudi Vision 2030, contributing to the target of achieving 70% home ownership. Majeed Fahd Al-Abduljabbar, CEO of the Saudi Real Estate Refinance Company, said the agreement reflects the shared vision with Arab National Bank to enable home ownership among citizens by establishing a more efficient and sustainable secondary real estate finance market. It aligns with the ambitions of the coming phase and enhances the sector's appeal to both local and international investors. Obaid bin Abdullah Al-Rasheed, CEO of Arab National Bank, stated that the partnership with the Saudi Real Estate Refinance Company is a strategic step within the bank's ongoing efforts to provide innovative financing solutions that drive market growth and sustainability. He expressed confidence that this collaboration will contribute to establishing a strong and effective real estate market built on efficiency and trust. The agreement comes as part of a series of initiatives led by the Ministry of Municipalities and Housing to enhance citizen empowerment and build an integrated, stable financing environment that advances the Kingdom toward achieving both housing and economic objectives. SRC was established by the Public Investment Fund (PIF) in 2017 to develop Saudi Arabia's real estate finance market. It operates under a licence from the Saudi Central Bank (SAMA) to facilitate real estate refinancing. SRC plays a key role in achieving the objectives of the Housing Program under Saudi Vision 2030, which aims to increase homeownership rates among Saudi citizens. The company supports this goal by providing liquidity to lenders, enabling them to offer affordable real estate finance to individuals. Additionally, SRC works closely with partners to strengthen Saudi Arabia's housing ecosystem, said the statement. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank
Riyadh, KSA – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the Saudi Real Estate Refinance Company, and Eng. Salah Rashid Al-Rashed,Chairman of the Board of Arab National Bank. This agreement marks an extension of the strategic partnership between the two parties and reaffirms their shared commitment to supporting the growth and sustainability of the real estate finance market in the Kingdom. It aims to enhance liquidity for lenders and enables home ownership among citizens through advanced financing solutions that align with the objectives of the Housing Program under Saudi Vision 2030, contributing to the target of achieving 70% home ownership. Majeed Fahd Al-Abduljabbar, CEO of the Saudi Real Estate Refinance Company, affirmed that the agreement reflects the shared vision with Arab National Bank to enable home ownership among citizens by establishing a more efficient and sustainable secondary real estate finance market. It aligns with the ambitions of the coming phase and enhances the sector's appeal to both local and international investors. Obaid bin Abdullah Al-Rasheed, CEO of Arab National Bank, stated that the partnership with the Saudi Real Estate Refinance Company is a strategic step within the bank's ongoing efforts to provide innovative financing solutions that drive market growth and sustainability. He expressed confidence that this collaboration will contribute to establishing a strong and effective real estate market built on efficiency and trust. The agreement comes as part of a series of initiatives led by the Ministry of Municipalities and Housing to enhance citizen empowerment and build an integrated, stable financing environment that advances the Kingdom toward achieving both housing and economic objectives. The Saudi Real Estate Refinance Company (SRC) was established by the Public Investment Fund (PIF) in 2017 to develop Saudi Arabia's real estate finance market. It operates under a license from the Saudi Central Bank (SAMA) to facilitate real estate refinancing. SRC plays a key role in achieving the objectives of the Housing Program under Saudi Vision 2030, which aims to increase homeownership rates among Saudi citizens. The company supports this goal by providing liquidity to lenders, enabling them to offer affordable real estate finance to individuals. Additionally, SRC works closely with partners to strengthen Saudi Arabia's housing ecosystem.
Yahoo
25-07-2025
- Business
- Yahoo
3 Middle Eastern Dividend Stocks Yielding Over 4%
Amidst trade uncertainties and mixed earnings, Gulf markets have experienced a dip, reflecting cautious investor sentiment as they navigate the complexities of global trade policies. In such an environment, dividend stocks offering yields over 4% can be particularly appealing for investors seeking steady income streams while weathering market volatility. Top 10 Dividend Stocks In The Middle East Name Dividend Yield Dividend Rating Saudi National Bank (SASE:1180) 5.41% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.14% ★★★★★☆ Riyad Bank (SASE:1010) 6.47% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.44% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 3.85% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.54% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.26% ★★★★★☆ Arab National Bank (SASE:1080) 6.02% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.64% ★★★★★☆ Al Wathba National Insurance Company PJSC (ADX:AWNIC) 6.12% ★★★★★☆ Click here to see the full list of 76 stocks from our Top Middle Eastern Dividend Stocks screener. Let's review some notable picks from our screened stocks. Air Arabia PJSC Simply Wall St Dividend Rating: ★★★★★☆ Overview: Air Arabia PJSC, along with its subsidiaries, offers air travel services and has a market capitalization of AED17.55 billion. Operations: Air Arabia PJSC's revenue primarily comes from its airline segment, which generated AED6.43 billion. Dividend Yield: 6.6% Air Arabia PJSC offers a dividend yield of 6.65%, placing it in the top 25% of dividend payers in the AE market. While its dividends have increased over the past decade, they remain volatile and unreliable. The company's payout ratios indicate that dividends are covered by both earnings (76.2%) and cash flows (60.6%). Recent Q1 2025 results showed improved sales at AED 1.76 billion and net income at AED 305.1 million, supporting its financial stability for dividend payouts. Click here to discover the nuances of Air Arabia PJSC with our detailed analytical dividend report. The analysis detailed in our Air Arabia PJSC valuation report hints at an inflated share price compared to its estimated value. Arab National Bank Simply Wall St Dividend Rating: ★★★★★☆ Overview: Arab National Bank offers a range of banking products and services across the Kingdom of Saudi Arabia, other GCC countries, the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally with a market cap of SAR43.08 billion. Operations: Arab National Bank's revenue segments include Corporate Banking at SAR6.75 billion, Retail Banking at SAR1.79 billion, Treasury operations at SAR560.87 million, and Investment and Brokerage Services at SAR523.34 million. Dividend Yield: 6% Arab National Bank's dividend yield of 6.02% ranks it among the top 25% in the Saudi market. Despite a volatile and unstable dividend history, current and forecasted payout ratios (51.6% and 50.8%, respectively) suggest dividends are covered by earnings. Recent Q1 results showed net income growth to SAR 1,304 million, indicating financial strength that supports ongoing dividend payments, although past volatility may concern some investors seeking stability. Click here and access our complete dividend analysis report to understand the dynamics of Arab National Bank. According our valuation report, there's an indication that Arab National Bank's share price might be on the cheaper side. I.B.I. Investment House Simply Wall St Dividend Rating: ★★★★☆☆ Overview: I.B.I Investment House Ltd. is a publicly owned holding investment firm with approximately NIS 11 billion ($2.63 billion) in assets under management and a market cap of ₪3.91 billion. Operations: I.B.I Investment House Ltd.'s revenue is primarily derived from its Service, Trade and Custody segment (₪329.32 million), followed by Capital Group (₪212.37 million), Alternative Investment Management (₪180.51 million), Pension and Financial Agencies (₪103.56 million), Issues and Underwriting (₪45.54 million) and Self-investments (₪13.04 million). Dividend Yield: 4% I.B.I. Investment House's dividend yield of 4% falls below the top tier in the Israeli market. Despite a payout ratio of 77% indicating coverage by earnings and cash flows, its dividends have been unreliable with past volatility over the last decade. Recent Q1 results showed revenue growth to ILS 331.1 million, though net income decreased to ILS 30.96 million, reflecting mixed financial performance that may impact future dividend stability. Dive into the specifics of I.B.I. Investment House here with our thorough dividend report. According our valuation report, there's an indication that I.B.I. Investment House's share price might be on the expensive side. Summing It All Up Unlock our comprehensive list of 76 Top Middle Eastern Dividend Stocks by clicking here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Ready For A Different Approach? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:AIRARABIA SASE:1080 and TASE:IBI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Zawya
23-07-2025
- Business
- Zawya
Saudi: ANB's profits hit $693mln in H1-25; dividends unveiled
Riyadh – Arab National Bank (ANB) recorded 7.05% higher net profits at SAR 2.64 billion in the first half (H1) of 2025, compared to SAR 2.46 billion in H1-24. Earnings per share (EPS) hit SAR 1.32 in H1-25, higher than SAR 1.23 in H1-24, according to the financial results. The lender registered 14.88% year-on-year (YoY) higher clients' deposits at SAR 201.73 billion in the first six months (6M) of 2025, compared to SAR 175.59 billion. Assets increased by 14.22% to SAR 268.98 billion as of 30 June 2025 from SAR 235.49 billion in H1-24, while the investments jumped by 11.14% to SAR 54.31 billion from SAR 48.86 billion. Results for Q2 In the second quarter (Q2) of 2025, the net profits reached SAR 1.33 billion, higher by 8.52% YoY than SAR 1.23 billion. Quarterly, the Q2-25 net profits climbed by 2.45% from the SAR 1.30 billion registered in January-March 2025. Cash Dividends The board members decided to disburse cash dividends after Zakat amounting to SAR 1.29 billion, representing 6.50% of its share capital, for H1-25. ANB will pay SAR 0.65 per share for 1.99 billion eligible shares, according to a bourse disclosure. Eligibility and payment dates for the dividends will be 27 July and 6 August 2025, respectively. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Argaam
13-07-2025
- Business
- Argaam
PIF's THC inks SAR 600M Islamic facility deal with ANB
The Helicopter Co. (THC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and the largest commercial helicopter operator in Saudi Arabia, signed a SAR 600 million Islamic credit facility agreement with Arab National Bank (ANB). The financing represents a major boost to the company's loan structure through a long repayment period of eight years, supporting its ambitions to meet changing needs, enhance its flexibility to capitalize on strategic growth opportunities, and enable it to expand into other markets and services, the company said, in a statement. It added that the financing allows it to solidify its operational strength and effectively adapt to market changes and respond quickly and effectively to its requirements and promising future opportunities.
