It made a net profit of SAR247 million in the three months to March 31.
The Kingdom produces more than 10 per cent of the world’s crude.
The Saudi oil minister also said he expected oil prices, that have languished near six-year lows, to improve in the near future.
Washington is also stepping up intelligence sharing with the coalition, which is conducting military airstrikes against Houthi fighters in Yemen.
he Treasury said its sanctions would shut Al-Furqan out of the U.S. financial sector and prohibit Americans from doing business with the organisation.
The new 400,000 barrel per day refinery had previously started exports of diesel and gasoline.
Saudi has asked Pakistan to join its military coalition that began conducting air strikes last month against Houthi forces in Yemen.
The bank said it made $312 million in the three months to March 31.
Saudi billionaire Prince Alwaleed tops the 2015 of the top 100 richest Arabs in the world as compiled by Forbes Middle East.
The firm made a profit of SAR306.5 million ($81.7 million) during the first quarter of 2015.
Bankers will make formal presentations to the company this month and Al Watania will decide on who will advise it on its Saudi listing by May.
The firm will act as the programme management office consultant (PMOC) for the public transportation project that aims to ease congestion.
Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.
Brent regained ground after tumbling up to five per cent on Thursday, when a preliminary nuclear deal was reached between world powers and Iran.
Police officers were carrying out a search against “terrorist elements” and retrieved automatic weapons, pistols and communication equipment.
The aid agency has been negotiating for nearly a week to deliver life-saving supplies and equipment to Yemen.
Warplanes and ships from a Saudi-led coalition have been bombing the Houthi forces for 11 days.
The Saudi government has continued spending heavily on economic development and welfare projects despite the plunge of oil prices since last June.
UAE fighter jets struck a surface-to-air missile base and a radar site in Marib.
Arab leaders have been alarmed by Tehran’s drive to expand its influence and tighten its grip through allied forces and militias on Arab states.
Sending troops in the future remains a possibility, he said.
The rights issue will be used to strengthen its capital base and finance its activities, the bank said.
A senior U.S. military official said the US was helping Saudi keep an eye on Houthi forces and monitor the Saudi border with Yemen.
Senegal aims to issue between $500 million and $1 billion in debt on international markets this year.
The light weapons, telecommunications equipment and rocket-propelled grenades were dropped over Tawahi.
One area of uncertainty is the minimum size of land to be taxed, and whether the tax will apply only to completely undeveloped land.
Uncomfortably close to the 2018 completion date, the GCC rail project is swamped by delays and challenges.
Corporal Salman Ali Yahya al-Maliki was killed in the border province of Asir.
Air traffic disruptions have been confirmed in Dubai and parts of Saudi Arabia.
The Iran-allied Houthi militia has weathered seven days of Saudi-led air strikes and continued to advance on several fronts, with support from army units loyal to Saleh.