19/02/2017 05:46 AST

Al Musafir Company, a subsidiary of Al Tayyar Travel Group Holding, is embarking on a strategic partnership with Al Rajhi Bank to provide hotel booking service through Al Musafer Company's apps and website, granting special discounts for credit cardholders.

Al Musafir

The partnership, which commences in mid-February 2017 and lasts for a year, aims to enhance the growth of the tourism industry in the Kingdom of Saudi Arabia and the Middle East Farouk Jeraisy, founder and CEO of Al Musafir Company, said "this partnership is a quantum leap in the business of Al Musafir Company, whereas Al Rajhi Bank maintains extensive experience in the field of electronic payments". He went on to say that the agreement comes within the framework of Al Musafir Company's sustainable endeavors to promote new policy that enhances the strategic plan based on creativity and innovation.

He expressed confidence that this partnership will open new horizons for traveler services inside and outside the Kingdom alongside international and professional standards.

Jeraisy stressed that the partnership will support the company>s opportunities in growth and expansion within the travel and tourism sector, at the local and regional levels.


Saudi Gazette

Saudi Arabian lender Al Rajhi reports 20% rise in fourth quarter net income

12/02/2018

Al Rajhi Bank recorded a 19.8 per cent rise in its fourth-quarter net profit, beating analysts' estimates, as fees and financing investments income climbed at Saudi Arabia's biggest lender by market

The National

Al Rajhi REIT IPO to begin 1 January 2018

25/12/2017

Al Rajhi Capital announced the initial public offering (IPO) period of Al Rajhi REIT Fund will run from 1 to 14 January 2018, the fund manager (Al Rajhi Capital) said in a statement.

The f

CPI Financial

Al Rajhi Bank Short-Term FCR Raised

07/12/2017

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (FCR) and raised the Short-Term FCR of Al Rajhi Banking and Investment Corporation (ARB), based in R

CPI Financial

Ticker Price Volume
NAYIFAT 13.94 229,739
LUMI 77.50 102,302
ABC 0.35 370,000
ZAINKSA 10.82 1,868,409
A.OTHAIMMARKET 11.90 545,416
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ALRAJHI Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SNB 34.90 0.40 (1.15%)
RIBL 24.84 0.54 (2.22%)
ALINMA 29.20 0.90 (3.18%)
SAB 34.90 0.65 (1.89%)
ALBILAD 36.20 1.00 (2.84%)
EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula