Bank Al-Jazira

Aljazira Capital Hires Jaouni as Institutional Brokerage Head

Aljazira Capital Co., the investment arm of Saudi Arabia’s Bank Al-Jazira (BJAZ), hired Samer Al-Jaouni as head of institutional brokerage and assistant general manager. He will start at the bank after regulatory approval. Aljazira Capital is one of about 30 brokerages in Saudi Arabia.

Bank Al-Jazira Lowers Fourth-Quarter Loan-Loss Provisions 75%

Bank Al-Jazira reduced provisions for bad loans by 75 percent in the fourth quarter. Provisions dropped to 65 million riyals ($17 million) in the three months ended Dec. 31.

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