Al Rajhi

Latest news and articles about Al Rajhi from NEX English

Saudi Arabia Signs $800 Million Mortgage Portfolio Purchase Agreement

The Saudi Real Estate Refinance Company has signed an agreement with Al Rajhi Bank to purchase a residential mortgage portfolio worth <strong>3 billion riyals</strong> ($800 million). This initiative aims to enhance liquidity in the real estate market.

Recommend distributing 7 billion riyals and consider capital increase

The General Assembly of Al Rajhi Bank has recommended distributing profits amounting to <strong>7 billion riyals</strong> and discussed the possibility of increasing capital to enhance future growth. This decision aligns with the bank's strategies to strengthen its competitive capabilities.