Saudi Awwal Bank (1060)

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News

29 June 08:05 AM Fakeeh Care Group pens SAR 950m facility deal with SAB

Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company, known as Fakeeh Care Group, has entered into a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB). The financing package, valued at a total of SAR 950 million, …

Companies Investments

25 June 10:40 AM SAB Invest Global Select Equity Fund receives regulatory nod for public offering

Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has officially granted approval for the public offering of the SAB Invest Global Select Equity Fund, which is managed by SAB Invest of the listed Saudi Awwal Bank (SAB). The …

Corporate Actions

25 June 06:47 AM Sports Clubs obtains SAR 70m facility from SAB

Riyadh – Mubasher: Sport Clubs Company has officially announced the acquisition of a Shariah-compliant financing facility totaling SAR 70 million. The credit facility, structured as a Tawarruq arrangement, was secured through the Saudi Awwal Bank …

Company News

15 June 04:20 PM Arabian Mills’ board approves SAR 50m Murabaha prepayment to SAB

Riyadh – Mubasher: The board of Arabian Mills for Food Products Company approved a voluntary prepayment of SAR 50 million toward the existing Murabaha agreement with the Saudi Awwal Bank (SAB). This payment will contribute to reducing financing …

Banking and Finance

8 June 08:11 PM SAB completes buyback of 5.7m shares for ESIP

Riyadh – Mubasher: Saudi Awwal Bank (SAB) has completed the buyback of 5.74 million shares for the employee stock incentive program (ESIP) after receiving the extraordinary general meeting’s (EGM) approval on 21 April. The value of the purchased …

Companies Investments

21 May 06:29 AM SAB, Al Bawani pen SAR 6.4bn bilateral financing agreement

Riyadh – Mubasher: Saudi Awwal Bank (SAB) inked a SAR 6.40 billion bilateral financing agreement with Al Bawani, in which the Public Investment Fund (PIF) holds a stake, according to a press release. The facility deal reflects the bank’s vital …

Banking and Finance

19 May 07:07 PM Ladun’s board approves nearly SAR 155m funding agreement with SAB

Riyadh – Mubasher: The board members of Ladun Investment Company have agreed to sign a Sharia-compliant credit facilities agreement with Saudi Awwal Bank (SAB) for a total amount of SAR 154.76 million, according to a bourse filing. Ladun …

Board of Directors

19 May 08:57 AM We are supporting evolution of Saudi Arabia as global financial hub - SAB Invest CEO

Riyadh – Mubasher: SAB Invest, the investment arm of Saudi Awwal Bank (SAB), was announced as the first ETF market maker in the Kingdom, marking a new milestone in the Saudi capital market, according to a press release. The CEO of SAB Invest, Ali …

Global Economy

26 April 03:35 PM Alamar Foods secures SAR 85m funding from SAB for franchisee takeover

Riyadh - Mubasher: Alamar Foods Company signed a Sharia-compliant credit facilities agreement amounting to SAR 85 million with Saudi Awwal Bank (SAB) on 26 April 2026. The funding will be used to finance Alamar Foods’ acquisition of the Five Guys …

Company News

23 April 09:29 PM SAB achieves over SAR 2bn net profits in Q1-26; customer deposits grow 14%

Riyadh – Mubasher: Saudi Awwal Bank (SAB) posted net profits to the owners worth SAR 2.08 billion in the first quarter (Q1) of 2026, signaling a 2.29% decrease from SAR 2.13 billion in Q1-25. The earnings per share (EPS) went down to SAR 0.94 in …

Banking and Finance

14 April 09:36 AM MESC obtains SAR 100m facility from SAB

Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) penned a Shariah-compliant loan valued at SAR 100 million with Saudi Awwal Bank (SAB). Both sides inked the deal on 13 April 2026, and it is valid until 10 March 2027, according to a …

Company News

7 April 05:25 PM Al Rajhi REIT signs SAR 2.5bn financing deals with Al Rajhi Bank, SAB

Riyadh - Mubasher: Al Rajhi Capital, the fund manager of Al Rajhi REIT Fund, inked Shariah-compliant financing facilities totaling SAR 2.50 billion with Al Rajhi Bank and Saudi Awwal Bank (SAB). The fund secured SAR 1.75 billion from Al Rajhi Bank …

Company News

30 March 11:57 AM Umm Al Qura secures SAR 500m financing from SAB

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company inked a Sharia-compliant revolving credit facility agreement with Saudi Awwal Bank (SAB) at a value of SAR 500 million. The loan, secured on 29 March 2026, will be used to …

Banking and Finance

23 February 04:22 PM SAB’s board mulls SAR 2bn cash dividends for H2-25

Riyadh – Mubasher: The board of Saudi Awwal Bank (SAB) recommended cash dividends after Zakat amounting to SAR 2.05 billion for the second half (H2) of 2025. The lender will pay out a dividend of SAR 1 per share for 2.05 billion eligible shares, …

Board of Directors

5 February 06:26 PM SAB achieves SAR 9.6bn net profits in 2025; client deposits soar 21%

Riyadh – Mubasher: Saudi Awwal Bank (SAB) has recorded net profits before Zakat and income tax worth SAR 9.69 billion in 2025. The positive annual results marked a 3.56% increase from SAR 9.36 billion in 2024, according to the financial results. …

Banking and Finance

30 December 2025 03:24 PM Mayar Holding’s units pen SAR 88m financing with SAB

Riyadh – Mubasher: Gulf Elevators & Escalators Company and Jedaya Investment Company, subsidiaries of Mayar Holding Company, have signed facility agreements with Saudi Awwal Bank (SAB) at a total amount of SAR 87.98 million. The units aim to …

Banking and Finance

23 October 2025 10:00 AM SAB’s net profits jump 8% in 9M-25; client deposits hit SAR 315bn

Riyadh – Mubasher: Saudi Awwal Bank (SAB) recorded 7.75% year-on-year (YoY) higher net profits at SAR 6.40 billion in the first nine months (9M) of 2025, compared to SAR 5.94 billion. Earnings per share (EPS) amounted to SAR 2.93 as of 30 …

Banking and Finance

20 October 2025 08:14 AM Specialized Medical obtains SAR 1.1bn financing from SAB

Riyadh - Mubasher: Specialized Medical Company (SMC) signed a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) totaling SAR 1.10 billion on 15 October. The deal includes a long-term facility of SAR 800 million and a …

Companies Investments

25 September 2025 07:25 PM Tanmiah’s ADC increases SAB Murabaha facility to SAR 310 million

Riyadh - Mubasher: Agricultural Development Company (ADC), a unit of Tanmiah Food Company, has raised its revolving Murabaha facility with Saudi Awwal Bank (SAB) to SAR 310 million from SAR 130 million. Valid for one year, the facility is secured …

Banking and Finance

4 September 2025 10:20 AM Fakeeh Care inks SAR 720m facility deals with SAB, SNB

Riyadh - Mubasher: Dr Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care) secured Sharia-compliant credit facility deals with the Saudi Awwal Bank (SAB) and the Saudi National Bank (SNB) at a combined value of SAR 720 million. The group …

Companies Investments

2 September 2025 01:56 PM Flynas bolsters global aviation operations via SAR 504m Murabaha deal with SAB

Riyadh - Mubasher: Flynas company has secured a Murabaha facility agreement worth SAR 504 million ($134.40 million) from Saudi Awwal Bank (SAB). The agreement aims to finance the delivery of new Airbus A320neo aircraft, according to a bourse …

Global Economy

31 August 2025 10:57 AM SAB completes $1.2bn dollar-denominated capital Tier 2 green notes

Riyadh - Mubasher: Saudi Awwal Bank (SAB) has completed the issuance of $1.25 billion USD-denominated Tier 2 capital green notes, following the board’s approval on 14 August. The issuance includes 6,250 notes with a par value of $200,000 each, …

Companies Investments

26 August 2025 09:14 AM SAB plans to offer USD-denominated Tier 2 green notes

Riyadh - Mubasher: Saudi Awwal Bank (SAB) intends to issue USD-denominated Tier 2 capital green notes under its medium-term note program, which received provisional ratings from Moody's. The proposed offer will target eligible investors in Saudi …

Sukuk and Islamic Finance

25 August 2025 02:36 PM Moody's Ratings assigns provisional ratings to SAB’s medium-term note program

Riyadh – Mubasher: Moody's Ratings has assigned the provisional local and foreign currency long-term (P)A1 ratings for Saudi Awwal Bank’s (SAB) senior unsecured MTN program, according to a press release. The agency also assigned the provisional …

Ratings

24 August 2025 07:05 AM Axelerated Solutions obtains SAR 70m loan from SAB

Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company has increased and renewed its facility deal with the Saudi Awwal Bank (SAB) at SAR 70 million. The company obtained the funding, on 20 August 2025, to …

Companies Investments