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.
Prince Khaled bin Bandar served as both deputy defence minister and governor of Riyadh last year.
Experts suggest that the land seized by the government from STC is worth between SAR1.36 billion and SAR2.83 billion.
Atheeb sold a building and two plots of land to an unidentified buyer, according to a company filing to Riyadh’s bourse.
The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.
The facility will be used to buy equipment from Alcatel Lucent.
Prince Khaled bin Bandar bin Abdul-Aziz was removed from his post less than two months after his appointment.
The remarks came days after the king ordered all necessary measures to protect Saudi against potential “terrorist threats” from Iraq.
Saudi Arabia had previously been unwilling to support the formation of a new government unless Iraqi PM Nour al-Maliki stepped aside.