It is the second time in recent years that the company has been forced to renegotiate its financial commitments
Riyad REIT was capitalised at SAR500m
The payment delays have seriously damaged some companies
Russia’s agriculture and food production sector has been growing
Finance firms in Britain fear they will lose their licences that allow them to sell their services across the EU
Investors fear a Trump victory could cause global economic and trade turmoil
Van Linder will replace Peter Baltussen, whose retirement was confirmed by the bank last month
The loan would come ahead of NBAD’s planned merger with FGB in early 2017
The company said it was the region’s first licensed equity crowdfunding platform
Mall of Oman is expected to open in 2020
Projects in latest budget will not rely on new taxes or additional fees, finance ministry says
Prosecutors are still deciding whether to press charges against Arab TV owner and Basra MP
Despite the hit from bad SME loans, the bank’s CEO said it was “firmly committed” to the business
The office will be ADIA’s only overseas location
Peter Baltussen joined the bank in 2006
NBAD is currently in a merger process with rival First Gulf Bank
The value of the transaction was not disclosed
ADGM, the emirate’s financial free zone, allows fund managers to set up funds for all types of investors
The deal will double Investcorp’s assets under management
Profit was hit by the bank putting aside more cash to cover for bad loans
The banks announced in July that their boards had approved the tie-up
Most of the cash came from state sources
What inclusion in major equity indexes might mean for the kingdom’s economy
The company blamed a drop in hotel revenue and dividend income
The bond attracted investor orders totaling almost four times the amount
The card will offer savings on admission tickets, F&B and merchandise
The offer and rates are the same as the previous domestic bond issue
The region is continuing to feel a strong impact from low oil prices
The bank made a net profit of Dhs1.66bn in the three months to September 30
A small number of potential buyers from Saudi Arabia and the wider Middle East have started negotiations, sources said