The kingdom’s fifth-largest bank by market cap said it made $182.4 million in the three months ending March 31.
The Kingdom has awarded up to 400,000 tonnes of cracked fuel oil to SITME.
The lender’s profit was boosted by a jump in both lending and customer deposits portfolio.
SABB saw first quarter net profit rise 11 per cent, while Saudi Hollandi’s net profit rose 19.4 per cent.
Local reports stated that a young man was sentenced to be surgically paralysed after stabbing a friend who was also left unable to move.
The 700-centistoke (cst) cargo is scheduled to load between May 5 and 9, traders said.
Malaysian construction firm MMC’s joint venture with Saudi Binladin Group was awarded the contract to develop the Jazan Economic City in 2006.
The bank said it made $254 million in the three months ended March 31, 2013.
More than 200,000 foreigners have been deported from the Kingdom over the past few months.
More than 200,000 foreigners have been deported from the country over the past few months.
Inspired by a shale gas surge in the U.S. the kingdom has begun investigating its large unconventional deposits and their potential for fuelling long-term growth.
Thousands of Yemeni labourers face deportation following new Saudi regulations that require expats to work only for their sponsors.
The operator, which has yet to make a quarterly profit since launching services in 2008, last week extended a $2.4 billion Islamic loan to April 30.
IILM faced a major challenge to ensure compliance with laws in all of the 12 member countries situated across Asia and the Middle East.
Pricing came at the tight end of initial price guidance of 170-190 bps, indicating that demand for the transaction was strong.
State-owned refiner MRPL said it will halt oil imports from Iran in April if insurance cover is not available for its refineries.
The Prince has said the Kingdom needs to upgrade its equity markets to international standards while protecting its blue-chip companies from hot international money.
The Kingdom has budgeted to spend a record 820 billion riyals, up 19 per cent from the amount originally planned for 2012.
Sadara Chemical Co will use the returns to fund a $19.3 billion petrochemical complex in the east of the Kingdom.
Some two million of Yemen’s 25 million citizens work abroad, more than half of them in larger and richer neighbour Saudi Arabia.
The SAR1.3 billion issue attracted orders worth SAR2.4 billion from institutional investors inside Saudi Arabia.
Saudi oil minister Ali Al-Naimi said that it “remains to be seen” how much demand will increase.
The order did not state how long telcos would be given to comply with the new regulations.
Access to the networking site may be restricted to people who register their identification documents, say reports.
Until now women’s exercise facilities have had to be licensed by the Health Ministry and designated as “health centres”.
Many illegal immigrants have now lived in the Kingdom for decades, prompting government officials to speak of a “humanitarian crisis”
Seventeen cases have been announced since the WHO issued an alert for the “novel Coronavirus” in September last year.
Smugglers were aiming to ship over 3,260 metric tonnes of refined petroleum products out of the country.
Abdulaziz al-Sugair will take the helm following the imminent departure of CEO Khaled al-Ghoneim.
Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.