Saudi Awwal Bank (1060)

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News

11 August 12:15 PM 2P Perfect Presentation secures SAR 448m credit facilities from SAB

Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed and increased its Sharia-compliant credit facilities with Saudi Awwal Bank (SAB). The financing agreement is valued at SAR 447.99 million and …

Banking and Finance

9 August 07:35 PM Al Rasheed discloses correction regarding recent SAB financing approval

Riyadh — Mubasher: Mohammed Hadi Al Rasheed & Partners Company recently issued a corrective disclosure regarding its recent procurement of Sharia-compliant banking facilities from Saudi Awwal Bank (SAB). The company clarified that a clerical error …

Companies Investments

30 July 06:12 AM Al Rasheed secures SAR 100m credit facility raise from SAB

Riyadh – Mubasher: Mohammed Hadi Al Rasheed & Partners Company has received approval from Saudi Awwal Bank (SAB) to increase its Sharia-compliant credit facilities by SAR 100 million. The agreement, finalized on 28 July 2026, raises the total …

Banking and Finance

29 July 07:34 PM MIS renews nearly SAR 420m funding agreement with SAB

Riyadh — Mubasher: Al Moammar Information Systems Company (MIS) announced the renewal and amendment of a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) at a total value of SAR 419.75 million. The final approval and signing …

Banking and Finance

28 July 04:30 PM ProMedEx renews, expands funding limit from SAB

Riyadh — Mubasher: Professional Medical Expertise Company (ProMedEx) announced the renewal and increase of its Sharia-compliant credit facility with Saudi Awwal Bank (SAB) on 27 July 2026, according to a bourse filing. The total limit of the …

Banking and Finance

28 July 09:49 AM Saudi Energy secures SAR 15.8bn funding from consortium of listed banks

Riyadh - Mubasher: Saudi Energy Company has secured a Sharia-compliant Murabaha financing facility totaling SAR 15.80 billion on 27 July 2026. The agreement involves a consortium of seven major Saudi financial institutions, including Saudi …

Companies Investments

27 July 10:27 AM SAB to host earnings call for Q2-26 Results

Riyadh – Mubasher: Saudi Awwal Bank (SAB) will host a conference call for analysts and investors to discuss its financial results for the second quarter (Q2) of 2026. The call is scheduled to take place on Wednesday, 29 July 2026, at 4:00 PM Saudi …

Financial Results

21 July 06:43 PM SAB to pay SAR 2bn cash dividends for H1-26

Riyadh – Mubasher: The board of Saudi Awwal Bank (SAB) has approved a cash dividend distribution of SAR 2.06 billion to shareholders for the first half (H1) of 2026. The payout represents 10% of the share nominal value, with the bank confirming it …

Board of Directors

21 July 10:43 AM SAB logs SAR 2.3bn net profits in Q2-26

Riyadh – Mubasher: Saudi Awwal Bank (SAB) achieved a net profit of SAR 2.33 billion for the second quarter (Q2) of 2026, representing a 9.59% increase from SAR 2.13 billion in the same period the previous year. The bank attributed the performance …

Banking and Finance

19 July 01:23 PM First Avenue secures SAR 100m funding from SAB

Riyadh — Mubasher: First Avenue for Real Estate Development Company announced the signing of a Sharia-compliant banking facilities agreement totaling SAR 100 million with Saudi Awwal Bank (SAB), according to a bourse filing. The financing was …

Banking and Finance

6 July 11:27 PM Axelerated Solutions renews funding agreement with SAB

Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company announced it has renewed a Sharia-compliant banking facilities agreement with Saudi Awwal Bank (SAB) at a total value of SAR 70 million. The financing …

Banking and Finance

5 July 09:54 PM Pan Gulf Marketing obtains SAR 70m funding from SAB

Riyadh – Mubasher: Pan Gulf Marketing Company has secured Sharia-compliant banking facilities totaling SAR 70 million from Saudi Awwal Bank (SAB). The financing agreement was finalized on 29 June 2026, according to a bourse filing. The facilities …

Companies Investments

5 July 09:10 PM Keir International renews SAR 155m credit facilities with SAB

Riyadh – Mubasher: Keir International Company recently announced the renewal of its Sharia-compliant financing agreement with Saudi Awwal Bank (SAB) at a value of SAR 155 million, according to a bourse filing. The funding is designed to support …

Company News

5 July 11:18 AM Alandalus Property inks SAR 48m financing agreement with SAB

Riyadh – Mubasher: Alandalus Property Company has officially entered into a long-term Tawaruq financing agreement with Saudi Awwal Bank (SAB), according to a bourse filing. The facility, valued at SAR 48 million, is earmarked for the acquisition …

Banking and Finance

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 …

Banking and Finance

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 …

Banking and Finance

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 …

Companies Investments

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 …

Company News

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 …

Company News

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 …

Banking and Finance

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 …

Mergers and Acquisitions

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 …

Financial Results

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 …

Banking and Finance