Saudi Awwal Bank (1060.B)

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News

10 August 2015 03:41 PM SABB board proposes SAR 0.40/shr dividends for H1

Riyadh-Mubasher: The Saudi British Bank (SABB) said the board recommended cash dividends for the first half of 2015 at SAR 0.40 a share, totalling SAR 600 million. The dividends, which will be paid on 12 August, represent 27% of H1 profits that …

Market News

5 August 2015 00:31 PM SABB sees put through trade worth SAR 1.8m

Riyadh-Mubasher: The Saudi stock market witnessed on Wednesday a put through trade on Saudi British Bank (SABB), through which 56,282 shares were exchanged at SAR 32.6 each, totalling SAR 1.8 million. The lender posted SAR 1.13 billion in net …

Company News

3 August 2015 08:25 AM SABB, SFD ink SAR 187m cooperation agreement

Riyadh-Mubasher: Saudi British Bank (SABB) has signed a SAR 187 million cooperation agreement with the Saudi Fund for Development (SFD), Alriyadh newspaper reported. The agreement will help the bank expand its activities of offering credit …

Mutual Funds

10 July 2015 02:01 PM Major events on Tadawul for 12-16 July

Event

8 July 2015 03:09 PM SABB second-quarter profits down 1.7%

Riyadh-Mubasher: Saudi British Bank (SABB), an affiliate of HSBC Holdings, posted SAR 1.13 billion in net earnings for the second quarter of 2015, falling 1.7% compared with SAR 1.15 billion in the same quarter of 2014. Six-month net income rose …

Financial Results

16 June 2015 07:26 AM Farm Superstores to get large facility from SABB

 Saudi Arabia – Mubasher: Farm Superstores has announced signing an agreement on 15 June for a banking facility with the Saudi British Bank (SABB).The facility, which extends from 3 May to 31 August 2016, amounts to SAR 68 million and aims to …

Corporate Actions

2 June 2015 07:52 AM Emaar EC affiliate inks SAR 1bn financing deal

Riyadh-Mubasher: Emaar the Economic City (Emaar EC) said its subsidiary Ports Development Co. has signed on Sunday a Murabaha financing agreement worth SAR 1 billion with Arab National Bank (ANB) and Saudi British Bank (SABB).The financing period …

Corporate Actions

28 May 2015 02:57 PM Saudi's SABB issues SAR 1.5bn subordinated sukuk

Riyadh-Mubasher: The Saudi British Bank (SABB) said on Thursday it has successfully completed the issuance of SAR 1.5 billion subordinated Tier II sukuk through a private placement offer in Saudi Arabia.The move aims to support the bank's capital …

Company News

27 May 2015 03:15 PM Thimar gets credit facilities worth SAR 50m from SABB

Riyadh-Mubasher: Thimar has signed Sharia-compliant credit facilities worth SAR 50 million with Saudi British Bank (SABB).The facilities, secured by promissory notes, aim to finance the company's business expansion.

Company News

26 May 2015 07:39 AM SASCO inks SAR 150m facility with SABB

 Riyadh – Mubasher: Saudi Automotive Services Co. (SASCO) said it signed on 25 May sharia-compliant credit facilities with the Saudi British Bank (SABB) worth SAR 150 million to be used before 31 January 2016 with secured promissory notes.The …

Company News

24 May 2015 07:38 AM SAPTCO unit gets SAR 220m loan from SABB

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) said its 50%-owned subsidiary, Saudi Emirati for Integrated Transportation (SETCO), has signed an agreement with the Saudi British Bank (SABB) to obtain SAR 220 million in facilities.The …

Company News

18 May 2015 08:35 AM Jabal Omar gets SAR 2bn Islamic loan from local banks

Riyadh-Mubasher: Jabal Omar Development Co. said it signed a SAR 2 billion Islamic bridge financing deal on Sunday with the Saudi British Bank (SABB) and Samba Financial Group. The funds will be used to complete phases S3 and S4 of its Mecca …

Corporate Actions

13 April 2015 03:03 PM SABB Q1 profit up 3.21% to SAR 1.12bn

Riyadh-Mubasher: The Saudi British Bank (SABB) posted SAR 1.12 billion net earnings for the first quarter of 2015, rising 3.21% year-on-year from nearly SAR 1.1 billion and 15.05% quarter-on-quarter from SAR 969.35 million.The profit growth was …

Company News

2 April 2015 08:57 AM Ma'aden subsidiary inks SAR 750m loan with SABB

Riyadh-Mubasher: Ma'aden Barrick Copper, a subsidiary of Saudi Arabian Mining Co. (Ma'aden), signed a redrawable Murabaha financing facility on Wednesday with Saudi British Bank (SABB) at a total value of SAR 750 million.The loan will be …

Company News

30 March 2015 03:12 PM Aramco inks $10bn credit facility agreement

Riyadh-Mubasher: Saudi Aramco has signed a $10 billion loan with 27 financial institutions, as part of its strategy to maintain financial flexibility.The loan will replace an existing $4 billion facility due to mature later this year, the company …

Sukuk and Islamic Finance

22 March 2015 09:15 AM APICORP secures $950m loan through Saudi-UAE consortium

UAE-Mubasher: The Arab Petroleum Investments Corporation (APICORP) said it has successfully secured new shariah-compliant financing worth AED 2.58 billion ($950 million).The facility will be used to boost APICORP’s portfolio of equity investments …

Sukuk and Islamic Finance

18 March 2015 07:45 AM SABB to pay SAR 1.05/shr dividend 18 March

Riyadh-Mubasher: The Saudi British Bank (SABB) said its extraordinary general meeting held on 11 March approved cash dividend for the fiscal year 2014 at 10.50% of the stock’s par value, or SAR 1.05 per share after Zakah, totaling SAR 1050 …

Company News

12 March 2015 07:39 AM SABB shareholders approve cash dividend, capital hike

The Saudi British Bank (SABB) said its extraordinary general meeting gave the green light for the board's recommendation on paying cash dividend for the fiscal year 2014 at SAR 1.05 a share, totalling SAR 1.050 billion.Shareholders of record on 11 …

Company News

12 March 2015 07:24 AM SABB stock to trade at SAR 39.80

The Saudi British Bank (SABB) said its extraordinary general meeting approved on Wednesday the board's recommendation on increasing capital by 50% from SAR 10 billion to SAR 15 billion, through distributing one-for-two bonus shares. The bonus …

Company News

6 March 2015 03:03 PM Major events on Tadawul for this week

Riyadh-Mubasher: Investors are anticipating some major events related to companies listed on the Saudi bourse between March 8-12, 2015:

Corporate Actions

25 February 2015 03:19 PM Arabian Cement, SABB ink SAR400m Murabaha deal

Arabian Cement Co. has signed a SAR 400 million Murabaha financing agreement with Saudi British Bank (SABB).The five-year facility will be repaid in eight equal installments over four years, with an allowance for the first year.The company said, …

Corporate Actions

17 February 2015 09:06 AM SABB to execute 13 new expansion projects

By Mohamed Abu MeleehRiyadh-Mubasher: The Saudi British Bank (SABB) revealed its intention to execute 13 new projects which will include relocating and renovating current branches as well as building new ones, in addition to expansion of ATM …

Company News

21 January 2015 10:03 AM Sahara unit inks refinancing agreement worth SAR 1.9bn

Sahara Petrochemical Co. said its subsidiary Al-Waha Petrochemical signed on Jan. 20 an Islamic facility agreement worth SAR 1.964 billion with Saudi British Bank (SABB) and Banque Saudi Fransi, according to Tadawul …

Sukuk and Islamic Finance

14 January 2015 09:15 AM MubasherTrade announces ‘KSA Favorite List’

MubasherTrade Research has launched its ‘KSA Favorite List’ which comprises 20 stocks. The following table shows the favorite list in terms of price performance: The following table shows the …

Corporate Actions

13 January 2015 07:45 AM SABB shareholders to discuss capital increase March 11

The Saudi British Bank (SABB) will hold an extraordinary general meeting on March 11, 2015, 4:00 p.m., at Riyadh-based head office.Shareholders will discuss agenda items, including the board’s report on business activities for the fiscal …

Company News