The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30
The latest round of hiring at Shuaa Capital comes amid a flurry of capital markets activity in the Middle East
The bank’s investment in Credit Suisse plunged by approximately 20 per cent by the end of 2022 and a further 70 per cent in Q1 2023
High US exports have also contributed to ample levels of supply
Qatar Investment Authority becomes the Swiss bank’s second largest shareholder just behind the Saudi National Bank
Saudi National Bank was an anchor investor in Credit Suisse’s capital raise and now holds 9.9 per cent in the firm
The plan includes carving out Credit Suisse’s advisory and leveraged finance business into a separate unit renamed Credit Suisse First Boston
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.