Saudi Awwal Bank (1060)

Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) announced the increase and renewal of a Sharia-compliant bank facility with Saudi Awwal Bank (SAB) as per the agreement signed on 15 April 2024. The funding …

Riyadh – Mubasher: The Fundamental Installation for Electric Work Company (First Fix), a subsidiary of Red Sea International Company increased its loan from Saudi Awwal Bank (SAB) to SAR 196.10 million, according to a bourse filing. The unit …

Mubasher: ACWA Power Company secured a loan worth $2.30 billion (SAR 8.60 billion) for three of its solar power projects on 14 February. The funding will be provided over 27.75 years by a consortium of local, regional, and international banks, …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) announced the board’s recommendation to disburse cash dividends worth SAR 2.01 billion for the second half (H2) of 2023, according to a bourse disclosure. The lender will distribute a dividend after Zakat …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) recorded an annual hike of 45.09% in net profit to SAR 7 billion in 2023, compared to SAR 4.82 billion. The lender witnessed 12.44% year-on-year (YoY) higher clients’ deposits at SAR 240.94 billion as of …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) renewed and raised a Sharia-aligned banking facilities agreement worth SAR 200 million with Saudi Awwal Bank (SAB). Al Akaria secured the loan on 21 January 2024 to issue letters of credit …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) achieved net profits valued at SAR 5.14 billion in the first nine months (9M) of 2023, higher by 43.23% year-on-year (YoY) than SAR 3.59 billion. Earnings per share (EPS) increased to SAR 2.50 in 9M-23 …

Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) has secured a long-term Murabaha facilities agreement at a combined value of SAR 1.05 million, according to a bourse filing. Al Arabia obtained SAR 350 million from Banque Saudi …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) intends to issue SAR-denominated Tier 1 Sukuk through a private placement in Saudi Arabia. SAB mandated HSBC Saudi Arabia to be the sole arranger and dealer for the programme establishment, offering, and …

Riyadh – Mubasher: Tam Development Company signed a SAR 25 million Sharia-compliant financing facility agreement with Saudi Awwal Bank (SAB) on 20 September 2023. The funding term is 12 months and the agreement is guaranteed by a promissory note …

Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) renewed a Sharia-compliant financing agreement with Saudi Awwal Bank (SAB) at a value of SAR 306.18 million. The two parties signed the facility deal on 20 …

Riyadh – Mubasher: American Express has joined forces with Saudi Awwal Bank (SAB) to launch a product that anchors small and medium-sized enterprises (SMEs). In an interview with Mubasher on the slides of the Seamless Saudi Arabia 2023 conference, …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) has entered into an agreement with Wise Platform to offer fast, secure, and cost-effective solutions for sending and receiving money internationally. The partnership anchors SAB’s objectives to achieve the …

Riyadh – Mubasher: Online payment service provider OneCard and Tadawul-listed Saudi Awwal Bank (SAB) entered a partnership to endorse digital payment solutions. Under the joint agreement that was concluded on the first day of Seamless Saudi Arabia …

Riyadh – Mubasher: Alandalus Property Company secured a long-term Tawaruq facility at a value of SAR 143.10 million from Saudi Awwal Bank (SAB) on 30 August 2023. The seven-year facility deal will enable the listed firm to finance new projects and …

Riyadh – Mubasher: The Saudi Awwal Bank (SAB) announced the cash dividends after Zakat valued at SAR 1.80 billion for the first half (H1) of 2023, according to a bourse disclosure. A dividend of SAR 0.88 per share, equivalent to 8.80%of the share …

Riyadh – Mubasher: Saudi Awwal Bank (SAB) recorded a 58.87% hike in net profit to SAR 3.31 billion during the first half (H1) of 2023, compared to SAR 2.08 billion in H1-22. The lender witnessed 7.37% higher clients’ deposits at SAR 222.73 billion …

Riyadh – Mubasher: Saudi British Bank (SABB) registered net profits valued at SAR 1.76 billion in the first quarter (Q1) of 2023, a 75.80% year-on-year (YoY) jump from SAR 1 billion. Earnings per share (EPS) soared to SAR 0.86 in Q1-23 from SAR …

Riyadh – Mubasher: Saudi British Bank (SABB) has announced a new name and identity to become SAB – الاول, according to a recent press release. The rebranding came two years after the merger of SABB and Alawwal Bank. The process was implemented …

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured two Sharia-compliant facilities at a combined value of SAR 758.83 million from Al Rajhi Bank and the Saudi British Bank (SABB) on 20 March 2023. MIS will use the proceeds of …

Riyadh – Mubasher: The board of Saudi British Bank (SABB) recommended on 14 February 2023 cash dividends after Zakat worth SAR 1.52 billion for the second half (H2) of 2022, according to a bourse filing. SABB would pay out a dividend of SAR 0.74 …

Riyadh – Mubasher: The net profits of Saudi British Bank (SABB) hiked by 52.15% to SAR 4.87 billion in 2022, versus SAR 3.20 billion in 2021, according to the annual financial results. The earnings per share (EPS) stood at SAR 2.37 during the …

Riyadh – Mubasher: Saudi British Bank (SABB) has appointed Lubna Sulaiman Olayan as the new Chairperson of the board for the coming three years. The lender also announced Saad Abdulmohsen Al Fadly as the Vice Chairperson, according to a bourse …

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) secured two loans worth SAR 900 million with Saudi British Bank (SABB) and Al Rajhi Bank on 28 December 2022. The two facilities are guaranteed by …

Riyadh – Mubasher: Saudi British Bank (SABB) has generated SAR 3.48 billion in net profit during the first nine months (9M) of 2022, higher by 25.51% year-on-year (YoY) than SAR 2.77 billion. The earnings per share (EPS) rose to SAR 1.70 in 9M-22, …