Latest news with #Riyals
Scottish Sun
a day ago
- Sport
- Scottish Sun
Moses Itauma to fight Dillian Whyte on August 16 in Saudi Arabia as Brit sensation take huge step towards title shot
WHYTE SPIRIT Moses Itauma to fight Dillian Whyte on August 16 in Saudi Arabia as Brit sensation take huge step towards title shot Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE Moses Itauma steam train is on course to collide with Dillian Whyte on August 16. The 20-year-old heavyweight sensation has been struggling to find incremental step-up opponents, after demolishing his last two victims inside three combined rounds. 2 The Moses Itauma steam train is on course to collide with Dillian Whyte on August 16 Credit: PA 2 Whyte will fight Itauma on August 16 in Riyadh Credit: PA But the 37-year-old Brixton Body Snatcher has leapt up to the challenge and will face the hottest prospect in world boxing in the scorching Saudi desert in the middle of summer. The clash would come just three months after the Slovakia-born Kent wonderkid battered poor Mike Balogun inside two rounds on May 24 and barked: "I don't have to worry about doing rounds, but my team wants to see me in a 10-rounder. 'And then I want in with the big dogs." Whyte was scheduled to have a tune-up fight last night (SAT) in Ipswich but withdrew as soon as the big-money fight was placed on his table. Itauma was also slated to have another litmus test on the July 19 Wembley showdown between Oleksandr Usyk and Daniel Dubois. But Saudi boxing kingpin Turki Al Sheikh is a man on a mission to make the biggest and best bouts that he fancies. And all the best-laid plans and blueprints go up in smoke when he dreams up a fantasy fight and stumps up the Riyals to stage it. MORE TO FOLLOW
The Irish Sun
a day ago
- Sport
- The Irish Sun
Moses Itauma to fight Dillian Whyte on August 16 in Saudi Arabia as Brit sensation take huge step towards title shot
THE Moses Itauma steam train is on course to collide with Dillian Whyte on August 16. The 20-year-old heavyweight sensation has been struggling to find incremental step-up opponents, after demolishing his last two victims inside three combined rounds. 2 The Moses Itauma steam train is on course to collide with Dillian Whyte on August 16 Credit: PA 2 Whyte will fight Itauma on August 16 in Riyadh Credit: PA But the 37-year-old Brixton Body Snatcher has leapt up to the challenge and will face the hottest prospect in world boxing in the scorching Saudi desert in the middle of summer. The clash would come just three months after the Slovakia-born Kent wonderkid battered poor Mike Balogun inside two rounds on May 24 and barked: "I don't have to worry about doing rounds, but my team wants to see me in a 10-rounder. 'And then I want in with the big dogs." Whyte was scheduled to have a tune-up fight last night (SAT) in Ipswich but withdrew as soon as the big-money fight was placed on his table. Itauma was also slated to have another litmus test on the July 19 Wembley showdown between Oleksandr Usyk and Daniel Dubois. But Saudi boxing kingpin Turki Al Sheikh is a man on a mission to make the biggest and best bouts that he fancies. And all the best-laid plans and blueprints go up in smoke when he dreams up a fantasy fight and stumps up the Riyals to stage it. MORE TO FOLLOW Most read in Boxing
Bloomberg
23-04-2025
- Business
- Bloomberg
Airbus to Source Titanium from Saudi Arabia as Part of Jet Deal
Airbus SE plans to source some metal to manufacture its aircraft from Saudi Arabia as part of a widebody aircraft deal with the kingdom's flag carrier. The European manufacturer signed a deal on Wednesday to buy 2.5 billion Riyals ($666 million) worth of raw material, mainly titanium, from Saudi Arabia. The accord also included an order from national carrier Saudia for as many as 20 long-range aircraft.
Argaam
29-01-2025
- Business
- Argaam
Abdullah Al Rajhi: Alrajhi Bank Achieves 19% Growth with Net Profits of 19,722 Million SAR in 2024
Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, announced that the bank achieved net profits of 19,722 million Saudi Riyals for the year 2024, reflecting a growth rate of 19% compared to 16,621 million Riyals in 2023. Total operating income reached 32,055 million SAR, with a growth of 16%, driven by increased net financing and investment income, as well as higher banking service fees. These results highlight the bank's successful execution of its strategies for sustainable growth and financial performance. Abdullah Al Rajhi noted that shareholders' equity rose to 123 billion SAR, marking an increase of 15% compared to 107 billion SAR in 2023. Total assets grew by 21% to reach 974 billion SAR, fueled by a 17% increase in the financing portfolio and a 31% rise in the investment portfolio. Customer deposits also expanded by 10%, totaling 628 billion SAR. Additionally, the bank achieved a return on assets of 2.3%, a return on shareholders' equity of 21.1%, and earnings per share of 4.67 SAR. Non-performing financing coverage also remained robust reaching around 160%. Abdullah Al Rajhi added that the bank continues to excel in the field of digital services, as he considers innovation an essential part of the bank's strategy, as alrajhi bank recorded more than one billion logins to its applications during 2024, with a 22% increase in the number of new customers via mobile phones. The bank recorded a 23% increase in card issuance, and exceeded more than 10 million international transfers. In addition, the bank witnessed a 29% increase in opening accounts online. On the bank's community service initiatives, Abdullah Al Rajhi emphasized the continued success of the 'Alrajhi Bank Educational Orphan Care Program,' now in its third year. The program supports over 200 students across 28 private Saudi universities in disciplines such as medicine, engineering, cybersecurity, and law. The 'National Community Initiative for Kidney Transplantation' also achieved significant milestones, completing 77 kidney transplants in its third year, with plans to reach 91 by year-end. Meanwhile, the Alrajhi Bank Cardiac Catheterization Center at Al Rass General Hospital successfully conducted 100 procedures since its launch in late 2024. Additionally, the bank has strengthened its support for healthcare by deploying mobile blood donation vehicles to over 50 locations in Riyadh and Medina, facilitating donations from more than 6,000 individuals. Abdullah Al Rajhi concluded by reaffirming the bank's commitment to supporting Vision 2030, playing a pivotal role in the Kingdom's economic progress, and consistently enhancing customer trust and experience. By prioritizing innovation and customer-focused solutions, alrajhi bank remains dedicated to addressing the evolving needs of its customers while staying true to its core values.
