Banque Saudi Fransi (1050)

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News

26 July 2020 05:34 PM Banque Saudi Fransi’s profits slide 46% in Q2

Riyadh – Mubasher: The interim financial statements of Banque Saudi Fransi (BSF) showed a 45.65% annual plunge in profits during the second quarter (Q2) of 2020. The lender’s net earnings stood at SAR 437 million in the April to June period in …

Financial Results

1 July 2020 01:03 PM Najran Cement prepays Banque Saudi Fransi's SAR 45m loan

Riyadh – Mubasher: Najran Cement Company has fully prepaid the remaining amount of a SAR 45 million existing loan received from Banque Saudi Fransi (BSF) to finance the company's Waste Heat Recovery (WHR) project. The credit facility was supposed …

Companies Investments

14 May 2020 03:56 PM Banque Saudi Fransi achieves SAR 801m in Q1 profits

Riyadh – Mubasher: The interim financial statements of Banque Saudi Fransi (BSF) showed a 28.86% decline in net profit during the first quarter (Q1) of 2020 to SAR 801 million, compared with SAR 1.126 billion in Q1-19. The bank attributed the …

Financial Results

14 May 2020 10:48 AM Banque Saudi Fransi approves dividends for H2-19

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Banque Saudi Fransi (BSF) approved disbursing cash dividends worth SAR 1.19 billion or SAR 1 per share for the second half (H2) of 2019 as previously recommended by the board. The …

Board of Directors

16 April 2020 06:42 PM Saudi Fransi to purchase shares for LTIP programme

Riyadh – Mubasher: The board of Banque Saudi Fransi (BSF) has approved purchasing a number of the company’s shares with a maximum of 3 million shares, to allocate them within the employee long-term incentive plan (LTIP). The purchased shares will …

Banking and Finance

15 April 2020 04:19 PM Taleem REIT to distribute SAR 0.16/unit

Riyadh – Mubasher: Saudi Fransi Capital announced the distribution of SAR 8.16 million in cash dividend to Taleem REIT Fund unitholders for the first quarter (Q1) of 2020. The dividends will be distributed at SAR 0.16 per unit, and its ratio to …

Cash Dividends

19 March 2020 03:50 PM Moody’s affirms Banque Saudi Fransi rating, outlook negative

Riyadh – Mubasher: Moody's Investors Service has affirmed the A1 long-term deposit ratings and P-1 short-term deposit ratings of Banque Saudi Fransi (BSF), and changed the outlook on the bank's long-term deposit ratings to negative from stable. At …

Banking and Finance

5 February 2020 07:15 PM Banque Saudi Fransi annual profits surge 122%

Riyadh – Mubasher: Banque Saudi Fransi (BSF) has reported SAR 3.12 billion in net profit for 2019, with an increase of 122% compared to that of the previous year at SAR 1.4 billion. The bank attributed the growth in profits to the reduction in …

Financial Results

30 December 2019 06:41 PM Banque Saudi Fransi to distribute 10% dividends

Riyadh – Mubasher: The board of the Banque Saudi Fransi (BSF) has recommended the distribution of cash dividends to its shareholders for the second half (H2) of 2019. At SAR 1 per share or 10% of the share’s face value, the proposed dividends …

Cash Dividends

26 December 2019 07:34 PM Farm Superstores renews SAR 112m credit facility with BSF

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) has renewed a SAR 112 million credit facility agreement with Banque Saudi Fransi (BSF). The agreement’s term will be extended to the end of January of 2021, according to a bourse …

Companies Investments

24 December 2019 00:16 PM Saudi Kayan Petrochemical agrees SAR 1.5bn deal with BSF

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has signed an eight-year Murabaha finance agreement with Banque Saudi Fransi (BSF), according to a statement to the Saudi Stock Exchange (Tadawul). The Sharia-compliant SAR 1.5 billion finance …

Banking and Finance

15 December 2019 00:44 PM Mobily signs SAR 7.6bn Murabaha deal with local banks

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) announced on Sunday the signing of a SAR 7.6 billion refinancing Murabaha facility agreement with a group of Saudi Banks. Riyad Bank, Arab National Bank (anb), Banque Saudi Fransi (BSF), Saudi …

Sukuk and Islamic Finance

10 December 2019 02:40 PM Banque Saudi Fransi embracing digital transformation - CEO

By: Islam Atris Riyadh – Mubasher: Banque Saudi Fransi (BSF) is targeting to lead the Saudi banking sector, especially in terms of modern technologies, according to the bank’s Managing Director and CEO, Rayan Fayez. Fayes remarks came during his …

Companies Investments

8 December 2019 07:07 PM Bawan agrees SAR89m finance deal with BSF

Riyadh – Mubasher: Bawan Company announced that it has obtained a medium-term SAR 88.6 million Shariah-compliant finance facility from Banque Saudi Fransi (BSF). The five-year agreement includes a one-year grace period, according to the company’s …

Banking and Finance

28 November 2019 07:24 PM SASCO extends financing deal with Saudi Fransi

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) announced the renewal and amendment of a Shariah-compliant bank facility agreement with Banque Saudi Fransi (BSF). The agreement was amended by increasing the long-term financing of SAR …

Companies Investments

26 November 2019 07:22 PM Credit Agricole sells 6% stake in Banque Saudi Fransi

Riyadh – Mubasher: Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) announced completing the sale of a 6% stake in Banque Saudi Fransi (BSF) at a price of SAR 30 per share to RAM Holdings, an investment vehicle controlled by …

Mergers and Acquisitions

5 November 2019 05:08 PM Banque Saudi Fransi records SAR 880 profits in Q3

Riyadh – Mubasher: Banque Saudi Fransi posted a 6.68% year-on-year fall in its net profits for the third quarter of 2019, recording SAR 880 million. Total revenue from special commissions/financing and investments grew by 4.9% to SAR 1.87 billion …

Financial Results

26 September 2019 03:46 PM Investors seal SAR 18.27m deals for two Tadawul-listed stocks

Riyadh – Mubasher: The stocks of Banque Saudi Fransi and Company for Cooperative Insurance (Tawuniya) have seen SAR 18.27 million transactions during Thursday’s session on the Saudi Stock Exchange (Tadawul). Around 287,320 of the companies’ shares …

Stock Evaluations

20 August 2019 05:43 PM Saudi banks’ deposits jump 8.1% in Q2

By: El Sayed Gamal Riyadh – Mubasher: Deposits at banks operating in Saudi Arabia increased by 8.1% year-on-year or SAR 128.55 billion in the second quarter of 2019. Total deposits amounted to SAR 1.718 trillion ($458.07 billion) in Q2-19, from …

Financial Results

5 August 2019 00:40 PM Banque Saudi Fransi records SAR 804m profits in 3M

Riyadh – Mubasher: Banque Saudi Fransi announced its interim financial statements for the second quarter of 2019. Net profits declined by 4.39% to SAR 804 million in Q2-19, compared to SAR 1.66 billion in Q2-18, according to the bank’s statement …

Banking and Finance

3 July 2019 05:52 PM Banque Saudi Fransi to pay SAR 1m dividends for H1

Riyadh – Mubasher: The board of directors of Banque Saudi Fransi (BSF) has proposed distributing cash dividends worth SAR 1.199 million to shareholders for the first half of 2019. The bank will pay a cash dividend of SAR 1 a share after the …

Cash Dividends

1 July 2019 04:02 PM Najran Cement repays Banque Saudi Fransi's loan instalment early

Riyadh – Mubasher: Najran Cement Company announced that it has submitted a request to Banque Saudi Fransi to early settle one loan installment worth SAR 15 million which was due on 30 September.  The loan was provided to finance the waste heat …

Banking and Finance

25 June 2019 01:27 PM Sipchem unit inks $600m Islamic facility with local banks

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced that its 50%-owned subsidiary, Sahara & Ma’aden petrochemicals company (SAMAPCO),  signed an Islamic facility agreement with a number of local banks. The SAR 2.25 …

Sukuk and Islamic Finance

16 June 2019 06:11 PM Saudi Zain inks SAR 2.3bn Islamic credit facility

Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) has signed a new Islamic Murabaha facility valued at SAR 2.25 billion to refinance its existing $599.808 million (SAR 2.250 billion) commercial loan with better terms. The …

Macroeconomics

12 June 2019 06:37 PM Saudi Kayan seeks to pay, reschedule loans

Riyadh – Mubasher: Saudi Kayan Petrochemical Company has unveiled its strategy for the payment of loans and reduction of the cost of finance. Kayan stated that it would take a raft of measures that contribute to the realisation of the company’s …

Corporate Actions