Latest news with #RiyadBank
Zawya
10 hours ago
- Business
- Zawya
Jeel and zypl.ai sign MoU to advance data-driven innovation in Saudi Arabia's digital financial services
RELATED TOPICS FINTECH RELATED COMPANIES Riyad Bank Riyad Bank Jeel Elevate Credit Riyadh, Saudi Arabia / Dubai, United Arab Emirates – Jeel, the digital Innovation arm of Riyadh Bank, and a pioneer in synthetic data generation and AI-powered risk analytics, today announced the signing of a comprehensive Memorandum of Understanding (MoU). The agreement establishes a collaborative framework to leverage next-generation data, artificial intelligence, and payment technologies that will accelerate deep integration of the digital ecosystem in the or Fintech's Kingdom's most advanced, customer-centric digital financial platform. Turning Data Into Competitive Advantage Central to the collaboration is zypl's proprietary zGAN technology—an 'outlier-aware' synthetic-data generator that creates privacy-preserving datasets able to stress-test financial models under extreme market conditions. When combined with zypl's suite of AI risk-scoring engines, zGAN will enable Jeel to: Elevate credit-decision accuracy across lending and product-personalisation workflows Accelerate model development while fully safeguarding sensitive customer information Unlock deeper behavioural insights for more intuitive, personalised customer experiences George Harrak, CEO of Jeel commented: We are dedicated to forging strategic partnerships that enhance the innovation ecosystem by integrating cutting-edge technologies from global leaders into Saudi Arabia's market, aligning with Vision 2030 financial objectives. Collaborations like this with provide access to advanced zGAN synthetic data and risk models, enhancing fraud prevention, accelerating credit scoring, and ensuring compliance. Working alongside will facilitate real-world sandbox implementations, increasing visibility within the Kingdom and shaping AI risk and compliance practices. Through this collaboration, Jeel strengthens its ambition to become the Kingdom's most advanced, AI-ready digital banking platform, while offering fintech's access to a secure, high-speed innovation environment aligned with Saudi Arabia's Vision 2030 financial sector development program. Reinforcing Payment Infrastructure With Real-Time Intelligence Beyond analytics, Jeel and zypl will launch a joint programme to embed real-time fraud-detection and credit-decisioning models directly into Jeel's payment rails and digital channels. Key objectives include: Reducing false-positive rates and operational overhead in fraud management Driving faster authorisation times and materially lowering transaction costs Extending accurate, instant credit decisions to underserved customer segments 'Our mission is to make advanced AI and synthetic data practical tools for inclusive growth,' said Azizjon Azimi, Founder and Chief Executive Officer of 'Jeel's commitment to seamless digital banking aligns perfectly with vision of resilient, ethics-first AI. Together, we will equip Jeel with the intelligence needed to protect customers and power new products that match the Kingdom's digital-economy ambitions.' About Jeel As the digital innovation arm of Riyad Bank, Jeel is dedicated to pioneering technological advancements and delivering cutting-edge solutions that shape the future of technology. With a focus on enhancing the digital experience for its customers, Jeel is at the forefront of innovation in the financial industry. Jeel Sandbox can empower FinTech's by simplifying access to banking services, enabling faster go-to-market strategies and secure integration with financial infrastructure For more information, please visit and follow Jeel on LinkedIn. About is an AI software company specialising in outlier-aware synthetic data generation (zGAN) and end-to-end machine-learning solutions for credit scoring, fraud detection, and transaction monitoring. Headquartered in Dubai with deployments in more than thirty financial institutions worldwide, enables partners to boost model resilience, protect privacy, and accelerate responsible innovation.
Argaam
2 days ago
- Business
- Argaam
Saudi banks' Q2 results ‘historical'; higher loans weigh on liquidity: Analysts
The combined profits of Saudi banks rose by nearly 19% in H1 2025 to SAR 45.25 billion, compared to SAR 38.18 billion in the same period last year. The second-quarter profits alone grew by 18% to SAR 23 billion, from SAR 19.5 billion in Q2 2024, driven by profit growth across all banks, according to data from Argaam. Speaking to Argaam, several industry experts said that the banks' quarterly clearly benefit from the surge in lending activity, despite growing funding challenges stemming from slower deposit growth. This dynamic has pushed banks to tap more debt instruments to meet their financing needs, while asset quality remained resilient. Saad Al-Thaqfan, economist and a board member of the Saudi Economic Association (SEA) Saad Al-Thaqfan, economist and a board member of the Saudi Economic Association (SEA), described the performance as historical and above expectations, noting that banks benefited from a nearly 16% increase in loan demand. He told Argaam that asset quality remained steady, with credit provisions rising only slightly by around 5%, despite aggressive lending. Meanwhile, Joseph Dahrieh, Chief Market Strategist at Tickmill, said the banking sector demonstrated mixed performance in Q2 2025. He highlighted that loan portfolios continued to grow at a robust pace for major banks such as Riyad Bank (up 21.8%) and Al Rajhi Bank (up 19.3%), while other banks faced challenges on the deposit level, including Banque Saudi Fransi (BSF), which saw deposits falling by 6.9%.
Argaam
4 days ago
- Business
- Argaam
NDF inks SAR 5.5B credit facilities with Riyad Bank, SAB
Logo of National Development Fund (NDF) The National Development Fund (NDF) signed two credit facility agreements with Riyad Bank and Saudi Awwal Bank (SAB), at a value of SAR 5.5 billion. The facilities aim to provide more support for development projects in the Kingdom and enable its 12 development funds and banks to achieve their development goals, reinforce economic growth, and accelerate the pace of national transformation, the bank said, in a statement. It added that these partnerships represent a fundamental pillar for driving development and accelerating the achievement of the goals of Vision 2030 by supporting major projects and financing development initiatives that contribute to building a prosperous and sustainable economy for future generations.
Yahoo
6 days ago
- Business
- Yahoo
Middle Eastern Dividend Stocks To Watch In July 2025
Amid concerns over U.S. tariffs and weaker oil prices, most Gulf stock markets have experienced declines, reflecting investor apprehension about global economic growth and its impact on the region's energy-dependent economies. In this environment, dividend stocks can offer a measure of stability by providing regular income streams to investors even when market volatility is high. Top 10 Dividend Stocks In The Middle East Name Dividend Yield Dividend Rating Saudi National Bank (SASE:1180) 5.57% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.23% ★★★★★☆ Riyad Bank (SASE:1010) 6.55% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.62% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 3.88% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 6.67% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.34% ★★★★★☆ Banque Saudi Fransi (SASE:1050) 5.79% ★★★★★☆ Arab National Bank (SASE:1080) 6.28% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.74% ★★★★★☆ Click here to see the full list of 77 stocks from our Top Middle Eastern Dividend Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Emaar Properties PJSC Simply Wall St Dividend Rating: ★★★★★☆ Overview: Emaar Properties PJSC, along with its subsidiaries, operates in property investment, development, and management both in the United Arab Emirates and internationally, with a market capitalization of AED132.58 billion. Operations: Emaar Properties PJSC generates revenue through its segments of Hospitality (AED2.07 billion), Real Estate (AED29.70 billion), and Leasing, Retail and Related Activities (AED7.11 billion). Dividend Yield: 6.7% Emaar Properties PJSC offers a dividend yield of 6.67%, placing it in the top 25% of dividend payers in the AE market. Despite an unstable dividend history, recent earnings growth of 26.1% and a reasonable payout ratio (61.8%) suggest dividends are well-covered by earnings and cash flows (29.3%). The stock trades at a significant discount to its estimated fair value, presenting potential value for investors seeking income despite past volatility in payments. Click to explore a detailed breakdown of our findings in Emaar Properties PJSC's dividend report. Our expertly prepared valuation report Emaar Properties PJSC implies its share price may be lower than expected. Göltas Göller Bölgesi Cimento Sanayi ve Ticaret Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. operates in the cement industry and has a market capitalization of TRY 6.23 billion. Operations: Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. generates revenue primarily from its Construction and Building Materials segment, amounting to TRY 5.49 billion, and its Energy segment, contributing TRY 469.97 million. Dividend Yield: 3.2% Göltas Göller Bölgesi Cimento Sanayi ve Ticaret's dividends are covered by earnings with a low payout ratio of 8.2%, but cash flow coverage is tighter at 89.6%. Despite being in the top 25% for dividend yield in Turkey, its dividend history has been volatile and unreliable over the past nine years. Recent earnings have declined significantly, with net income dropping to TRY 6.37 million from TRY 437.1 million year-on-year, raising concerns about future stability. Click here and access our complete dividend analysis report to understand the dynamics of Göltas Göller Bölgesi Cimento Sanayi ve Ticaret. Our valuation report unveils the possibility Göltas Göller Bölgesi Cimento Sanayi ve Ticaret's shares may be trading at a premium. Osmanli Yatirim Menkul Degerler Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Osmanli Yatirim Menkul Degerler A.S. operates in Turkey's capital markets, offering asset management, custody services, investment consultancy, and online trading platforms with a market cap of TRY4.17 billion. Operations: Osmanli Yatirim Menkul Degerler A.S. generates revenue primarily from its brokerage services, amounting to TRY7.76 billion. Dividend Yield: 3.4% Osmanli Yatirim Menkul Degerler's dividend payments are supported by a payout ratio of 57.2% and a cash payout ratio of 21.3%, indicating strong coverage by both earnings and cash flows. Although the dividend yield is among the top in Turkey, the company's short three-year history of paying dividends has been marked by volatility and unreliability. Recent financial results show a significant decline in net income to TRY 17.82 million from TRY 122.7 million year-on-year, potentially impacting future payouts. Unlock comprehensive insights into our analysis of Osmanli Yatirim Menkul Degerler stock in this dividend report. Insights from our recent valuation report point to the potential overvaluation of Osmanli Yatirim Menkul Degerler shares in the market. Taking Advantage Click through to start exploring the rest of the 74 Top Middle Eastern Dividend Stocks now. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Interested In Other Possibilities? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:EMAAR IBSE:GOLTS and IBSE:OSMEN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Zawya
7 days ago
- Business
- Zawya
Riyad Bank's net profits hike 15% in H1-25; dividends announced
Riyadh – Riyad Bank registered net profits worth SAR 5.08 billion in the first half (H1) of 2025, an annual surge of 15.24% from SAR 4.41 billion. Earnings per share (EPS) amounted to SAR 1.61 as of 30 June 2025, up from SAR 1.42 in H1-24, according to the initial financial results. The clients' deposits witnessed a 14.78% year-on-year (YoY) rise to SAR 316.81 billion in the first six months (6M) of 2025, compared to SAR 276 billion. The assets increased by 21.18% to SAR 490.81 billion in H1-25 from SAR 405.02 billion in H1-24, while the investments jumped by 18.96% to SAR 72.65 billion from SAR 61.07 billion. Financials for Q2 In the second quarter (Q2) of 2025, the net profits reached SAR 2.59 billion, higher by 11.07% YoY than SAR 2.33 billion. Quarterly, the Q2-25 net profits climbed by 4.44% from SAR 2.48 billion in January-March 2025. Dividends Proposal The board members greenlighted cash dividends after Zakat amounting to SAR 2.54 billion, equivalent to 8.50% of its share capital, for H1-25. Riyad Bank will distribute SAR 0.85 per share for 2.99 billion eligible shares, according to a bourse statement. Eligibility and disbursement dates for the dividends will be 4 and 17 August 2025, respectively. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
