Saudi Awwal Bank (1060)

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News

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 …

Sukuk and Islamic 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 …

Financial Results

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 …

Banking and Finance

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 …

Banking and Finance

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, …

Banking and Finance

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

11 August 2025 01:51 PM SAB unveils over SAR 2bn cash dividends for H1-25

Riyadh - Mubasher: The board of Saudi Awwal Bank (SAB) approved cash dividends valued at SAR 2.05 billion for 2.05 billion eligible shares, for the first half (H1) of 2025. SAB will disburse a dividend of SAR 1 per share after deduction of Zakat, …

Board of Directors

22 July 2025 05:45 AM SAB generates SAR 4.2bn profits in H1-25

Riyadh – Mubasher: Saudi Awwal Bank (SAB) achieved  SAR 4.26 billion in net profit during the first half (H1) of 2025, an annual rise of 4.94% from SAR 4.06 billion. Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, compared to SAR …

Banking and Finance

1 July 2025 11:28 AM SAB intends to issue SAR-denominated Tier 1 Sukuk

Riyadh - Mubasher: Saudi Awwal Bank (SAB) plans to issue SAR-denominated Tier 1 Sukuk through a private placement in Saudi Arabia, according to a bourse filing. In line with its Additional Tier 1 Sukuk issuance program, the offering aims to …

Banking and Finance

27 April 2025 09:03 AM SAB’s net profits up 4.5% in Q1-25; assets hit SAR 425.7bn

Riyadh – Mubasher: Saudi Awwal Bank (SAB) generated net profits worth SAR 2.13 billion in the first quarter (Q1) of 2025, an annual growth of 4.50% from SAR 2.04 billion. The earnings per share (EPS) hit SAR 0.98 as of 31 March 2025, up …

Banking and Finance

22 April 2025 09:56 AM First Mills secures SAR 630m loan from SAB

Riyadh – Mubasher:  First Milling Company (First Mills) penned a long-term sharia-compliant bank facility agreement worth SAR 630 million with the Saudi Awwal Bank (SAB) on 20 April 2025. First Mills will use the loan to support its commercial and …

Banking and Finance

9 April 2025 11:54 AM Telr, SAB forge partnership to bolster Saudi Arabia’s digital landscape

Riyadh – Mubasher: Telr has partnered with Saudi Awwal Bank (SAB) to enhance e-commerce payments and boost merchant efficiency, according to a press release. The partnership aligns with Saudi Arabia’s Vision 2030 to achieve a cashless economy by …

Banking and Finance

24 February 2025 00:22 AM Sipchem’s Acrylic Complex enters into SAR 1.3bn refinancing agreements with listed banks

 Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced that its Acrylic Complex investee signed refinancing agreements with a consortium of local banks for an amount worth SAR 1.30 billion. The financing duration has …

Companies Investments

5 February 2025 07:36 PM SAB to distribute 10% of capital as dividends for H2-24

Riyadh – Mubasher: The board members of Saudi Awwal Bank (SAB) proposed cash dividends valued at SAR 2.05 billion, equivalent to 10% of its capital, for the second half (H2) of 2024. SAB will pay out a dividend after Zakat of SAR 1 per share for …

Cash Dividends

5 February 2025 05:26 PM Sumou Real Estate secures SAR 130m loan from SAB

Riyadh – Mubasher: Sumou Real Estate Company inked a credit facilities agreement with Saudi Awwal Bank (SAB) at an amount of SAR 130 million. The financing is valid for 48 months starting from 4 February 2025, according to a bourse filing. The …

Banking and Finance

3 February 2025 07:31 PM Al Arabia inks SAR 972m facility deal with SAB

Riyadh Mubasher: Arabian Contracting Services Company (Al Arabia) penned a long-term bank facility agreement valued at SAR 972 million with Saudi Awwal Bank (SAB) on 3 February. The company aims to refinance the acquisition loan to Faden Media to …

Banking and Finance

2 February 2025 05:53 PM SAB posts 15% higher profits in 2024

Riyadh – Mubasher: Saudi Awwal Bank (SAB) logged net profits valued at SAR 8.07 billion in 2024, up 15.25% year-on-year (YoY) from SAR 7 billion. The clients' deposits hit SAR 267.01 billion at the end of December 2024, an annual rise of 5.35% …

Banking and Finance

5 January 2025 10:09 PM TASI expected to trade between 11,300 to 13,300pts in 2025 – Report

Riyadh – Mubasher: SNB Capital, a regional financial institution, recently projected in a report that the benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) would trade between 11,300 to 13,300 points (pts) in 2025, reflecting a …

Sector Reports

1 December 2024 04:20 PM SAB, HSBC Global Services pen SAR 190.5m deal

Riyadh – Mubasher: Saudi Awwal Bank (SAB) inked a contract with HSBC Global Services (UK) Limited to replace the current global and receivable finance system with a new trade system. The two entities penned the agreement, on 28 November 2024, at a …

Banking and Finance

25 November 2024 03:31 PM Marafiq to reschedule SAR 5.9bn loan from 3 lenders

Riyadh – Mubasher: The Power and Water Utility Company for Jubail and Yanbu (Marafiq) signed bilateral agreements to reschedule its existing Islamic loans at a combined value of SAR 5.90 billion. The deal includes extending the previously agreed …

Companies Investments