The company has appointed banks including HSBC and the securities units of Al Rajhi Bank and Saudi National Bank to advise on the debt sale
The cards, the first of their kind in the kingdom, include a cashback credit card and prepaid card without annual fees
The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30
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
Operations under the new name and structure are planned to start on April 1, 2021