Saudi Awwal Bank (SAB) News - Mubasher Info
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06 April 12:02 PM

Saudi Awwal Bank (1060.B)

Last update: 7 April 2025 03:00 PM market time.
37.05
3.55
10.60%
Open 37.05
Previous Close 33.50
High 37.05
Low 37.05
Stock Statistics
Volume 2,388
Turnover 88,475.40
All data are 15 minutes late during market session

News

Clients’ deposits reached SAR 186.82 billion in H1-21
4 August 2021 10:23 AM SABB turns profitable at nearly SAR 2bn in H1-21
Riyadh – Mubasher: Saudi British Bank (SABB) achieved net profits after Zakat and tax worth SAR 1.88 billion in the first half (H1) of 2021, against losses worth SAR 5.89 billion in H1-20. The profit per share stood at SAR 0.92 in H1-21, versus a …
Financial Results
SABB set the distribution date as 19 August
1 August 2021 03:39 PM SABB to pay over SAR 1bn dividends for H1-21
Riyadh – Mubasher: Saudi British Bank (SABB) will distribute a cash dividend of SAR 0.5 per share, accounting for 5% of the share’s par value, for the first half (H1) of 2021. The bank will pay a total of SAR 1.02 billion for 2.05 billion shares …
Banking and Finance
The five-year agreement will be repaid on a quarterly basis
15 July 2021 05:39 PM Saudi Ceramic secures SAR 592m Murabaha loan from two banks
Riyadh – Mubasher: The Saudi Ceramic Company has obtained a Sharia-compliant Murabaha financing worth SAR 592 million from the Saudi British Bank and Bank Saudi Fransi on 15 July. The company aims to refinance existing loans through the Murabaha …
Banking and Finance
SABB owns 20% equity in the insurance company
14 July 2021 05:45 PM SABB plans to exit Wataniya Insurance
Riyadh – Mubasher: The Saudi British Bank (SABB) intends to exit Wataniya Insurance Company to best serve the interest of the bank’s shareholders, according to a bourse filing on Wednesday. The bank is still considering the exit option as part of …
Management Decisions
SACO has raised the loan value by SAR 82.04 million
9 June 2021 05:46 PM SACO increases loan value from SABB to SAR 413m
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has raised the value of the credit facilities obtained from the Saudi British Bank (SABB) to SAR 412.95 million. Based on the contract signed between the two parties in 2019, SACO has raised …
Companies Investments
The whole transaction value will be funded by SABB
18 May 2021 10:44 AM SABB’s subsidiaries enter into SAR 766.5m deal
Riyadh – Mubasher: Saudi British Bank’s (SABB) subsidiary HSBC Saudi Arabia entered into a SAR 766.49 million sale and purchase agreement with Alawwal Invest Company, in which SABB owns 100% stake. Alawwal will buy the business lines of asset …
Banking and Finance
SABB will also strengthen its partnership with HSBC
14 March 2021 10:43 AM SABB completes merger with Alawwal Bank
Riyadh – Mubasher: Saudi British Bank (SABB) has completed its merger with Alawwal Bank to combine all products and services provided to customers. Through the integration, SABB will support economic growth across different fields in  Saudi …
Banking and Finance
Photo Archive
8 March 2021 01:28 PM Alawwal Bank, SABB merger targeted to complete on 14 March
Riyadh – Mubasher: The full integration of Alawwal Bank and Saudi British Bank (SABB) is targeted to complete on 14 March 2021. Hence, all of Alawwal Bank’s accounts and services will be transferred to the two banks’ enhanced, single banking …
Companies Investments
The repayment period of the outstanding loans will be extended by an additional six years.
28 February 2021 11:25 AM Chemanol restructures SAR 475m loans with local banks
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) penned an agreement to restructure outstanding loans worth SAR 475 million with a consortium of local banks. The banks are the Gulf International Bank (GIB), the Saudi British Bank (SABB), …
Companies Investments
Saudi banks listed on Tadawul logged SAR 34.73 billion in net earnings during the past year.
25 February 2021 01:11 PM Profits of Saudi banks down 23% in 2020
Riyadh – Mubasher: Net profits of banks operating in Saudi Arabia tumbled by 22.9% or SAR 10.3 billion on a year-on-year (YoY) basis in 2020. Saudi banks listed on Tadawul logged SAR 34.73 billion in net earnings during the past year, compared to …
Financial Results
The move to losses was driven by an impairment of goodwill of SAR 7.4 billion.
24 February 2021 04:40 PM SABB swings to losses in 2020
Riyadh - Mubasher: The Saudi British Bank (SABB) turned to net losses of SAR 4.17 billion in 2020, against net profits of SAR 2.7 billion in 2019. The move to losses was driven by an impairment of goodwill of SAR 7.4 billion recorded in the …
Financial Results
The rescheduling will have a positive impact on managing the company's cash flows.
17 February 2021 04:41 PM Alhokair Group reschedules credit facilities of SAR 89m with SABB
Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development Company inked an agreement with Saudi British Bank (SABB) to reschedule Islamic credit facilities worth SAR 89.024 million. The rescheduling will have a positive impact on …
Banking and Finance
The loan term starts on 28 January 2021 and ends of 31 December 2021.
28 January 2021 04:22 PM MIS extends SAR 216.3m loan deal with SABB
Riyadh – Mubasher: Al Moammar Information Systems (MIS) has renewed and amended a Sharia-compliant credit facility agreement with Saudi British Bank (SABB) valued at SAR 216.25 million. The loan term starts on 28 January 2021 and ends of 31 …
Companies Investments
Total proceeds from the placing amount to SAR 2.561 billion.
1 December 2020 09:59 AM Citigroup, Goldman Sachs complete accelerated bookbuild to sell 115.9m shares in SABB
Riyadh – Mubasher: Citigroup Saudi Arabia and Goldman Sachs Saudi Arabia have completed the accelerated bookbuilding process to sell 115.886,731 million shares owned by NatWest Markets Plc and Banco Santander S.A. in the Saudi British …
Mergers and Acquisitions
Assets of 11 Tadawul-listed lenders stood at SAR 2.686 trillion in Q3-20.
19 November 2020 02:44 PM Saudi banks’ assets rise 14.1% in Q3
Riyadh – Mubasher: Assets of Saudi banks listed on the Saudi Stock Exchange (Tadawul) grew by 14.1% on a year-on-year (YoY) basis in the third quarter (Q3) of 2020, equivalent to SAR 331.615 billion ($88.43 billion).  Assets of 11 Tadawul-listed …
Financial Results
Photo Archive
12 November 2020 03:57 PM Profits of Saudi companies fall to SAR 168bn in 9M
Riyadh – Mubasher: Profits of companies listed within Tadawul’s main index plunged by 47.38% yearly, equivalent to SAR 151.2 billion, during the first nine months of the year. Net earnings of 172 listed companies amounted to SAR 167.95 billion in …
Sector Reports
The bank's revenue for Q3-20 was down by 27.95% YoY.
3 November 2020 10:45 AM SABB records 10% lower net earnings in Q3
Riyadh - Mubasher: The net profits of Saudi British Bank (SABB) dipped by 10.5% year-on-year (YoY) in the third quarter (Q3) of 2020, standing at SAR 1.05 billion. This decrease was driven by a lower total operating income, partially offset by a …
Financial Results
The credit facility will finance the North of Riyadh Hospital project.
29 October 2020 04:27 PM Sulaiman Al Habib’s unit receives SAR 2.2bn loan from SABB
Riyadh – Mubasher: North of Riyadh for Healthcare Company, a subsidiary of Dr. Sulaiman Al Habib Medical Services Group, has inked a long-term Shariah-compliant credit facility agreement worth SAR 2.170 billion with Saudi British Bank (SABB). The …
Companies Investments
The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 2020 01:15 PM Saudi Aramco ranked 1st regionally in Forbes "World's Best Employers" list; 26th globally
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has secured the first spot regionally and the 26th spot globally on Forbes’ fourth-annual list of the World’s Best Employers for 2020. Forbes said it partnered with market research …
Ratings
Photo Archive
8 October 2020 10:35 AM Moody's assigns national scale ratings to four Saudi lenders
Riyadh – Mubasher: Moody's Investors Service has assigned national scale ratings (NSRs) for the long-and-short term deposit ratings and counterparty risk ratings (CRRs) of four Saudi banks. These banks are Bank AlJazira, Riyad Bank, Samba …
Banking and Finance
SABB Takaful is a 65%-owned subsidiary of SABB.
29 September 2020 10:19 AM SABB Takaful extends two policies with SABB
Riyadh – Mubasher: SABB Takaful Co renewed the Property All Risk Insurance Policy with Saudi British Bank (SABB) on 28 September. Total contribution exceeds 1% of the revenue as per the insurer’s audited financials for 2019 with the subscription …
Companies Investments
The allocated shares represent approximately 1.5% of SABB’s issued share capital
3 September 2020 11:29 AM Shareholders in SABB complete bookbuilding process to sell 31m shares
Riyadh – Mubasher: Citigroup Saudi Arabia (CSA) and Goldman Sachs Saudi Arabia on Thursday announced the latest developments regarding receiving a notification from NatWest Markets and Banco Santander S.A. in connection with a secondary sale of …
Mergers and Acquisitions
The loan term extends over seven years
27 August 2020 10:18 AM SEC secures SAR 9bn Murabaha loan from local lenders
Riyadh – Mubasher: Saudi Electricity Company (SEC) on 26 August signed a syndicated Murabaha facility agreement for SAR 9 billion to finance the company’s general purposes, including capital expenditures. The deal was signed with the National …
Companies Investments
The lender turned to a net loss of SAR 5.9 billion in H1-20
26 August 2020 09:23 AM SABB reports SAR 6.87bn quarterly loss
Riyadh - Mubasher: The net losses of Saudi British Bank (SABB) deepened by 3,403.6% in the second quarter (Q2) of 2020 to stand at SAR 6.87 billion as compared to SAR 196 million in the year-ago quarter. The surge in net loss was primarily driven …
Banking and Finance
The impact of the deal will reflect on SABB Takaful's financials for 2020
16 August 2020 09:00 AM SABB Takaful, Olayan Group ink insurance contract
Riyadh – Mubasher: SABB Takaful Co signed a new group life insurance contract with The Olayan Group and its subsidiaries for one year. The contract's value exceeds 1% of revenue as per the insurer’s audited financial statements for 2019 with a …
Companies Investments