The bank has proposed paying SAR1 ($0.27) per share for the six-month period to June 30.
The firm made a net profit of SAR288 million ($76.8 million) in the second quarter, compared with SAR307 million in the corresponding period of 2013.
The firm made a net profit of SAR613 million ($163.5 million) in the second quarter compared with SAR670.5 million in the same period of 2013.
The company said it made SAR639 million ($170.4 million) in the second quarter, compared to SAR693 million in the same period a year ago.
NCB said the growth was driven by an 8.3 per cent year-on-year increase in net special commissions income.
The stake was acquired from a group of investors including private equity firm Jadwa Investment.
The bank made SAR1.26 billion ($336 million) in the three months ending June 30, compared with SAR1.18 billion in the same period a year earlier.
Sipchem made a profit of SAR244.6 million ($65.3 million) in the three months to June 30, up from SAR174.0 million in the prior-year period.
The bank said it made SAR1.95 billion ($520 million) in the three months ending June 30, compared with SAR2.12 billion in the same period a year earlier.
The proposed figure is above the SAR0.3 per share which the bank paid for the corresponding period of 2013.
The Kingdom typically increases production during the hot summer months to meet a surge in electricity demand.
The UK’s Serious Fraud Office reportedly questioned and arrested four former and current employees at Airbus unit GPT Special Project Management.
The investment will focus on expanding the amount of power generated in the Middle East and North Africa through green methods.
Operator foresees residence demand boom on back of Kingdom’s FDI growth
Authorities were investigating where the rockets were fired from
The main index in Saudi Arabia rose 0.4 per cent on Monday and closed at 9,790 points.
The four, one of whom was sentenced in absentia, were given prison sentences of two years to five years and six months.
Shell did not give a reason for the decision to end investments in the project, which is located in the Kidan area.
ENOC is one of the three companies that won the qualification certification to open more outlets in Saudi Arabia.
The company said the increase was due higher sales in all segments apart from computers.
Abu al-Khair had been on trial on sedition charges that included breaking allegiance to King Abdullah and showing disrespect for authorities.
The lender cited higher operating income – which increased 17 per cent year-on-year – for the increase in net profit.
The port, which began operating on Jan. 6, currently has an annual capacity of 1.3 million twenty-foot equivalent units.
The payment will have a significant impact on earnings, the company said.
The company said rising costs had crimped its half-year profit due to a rising wage bill associated with localisation efforts.
Al Arabiya said that it had obtained a video showing Iraqi soldiers in Karabala after they quit their positions on the border.
U.S President Barack Obama and Saudi Arabia’s King Abdullah agreed to consult closely on regional developments, the White House said.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index increased to 59.2 points last month from 57.0 points in May.
The purchase will increase AOC’s ownership of S-Oil to 63.4 per cent from 34.99 per cent, AOC said in a statement.
The scheme will have a production capacity of 16 million tonnes per year of phosphate concentrate, sulphuric acid and phosphoric acid.