Saudi Awwal Bank (SAB) News - Mubasher Info
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21 May 05:43 PM

Saudi Awwal Bank (1060)

Last update: 03:11 PM market time.
34.12
-0.24
-0.70%
Open 34.40
Previous Close 34.36
High 34.86
Low 34.12
Stock Statistics
Volume 4,378,677
Turnover 150,070,105.44
All data are 15 minutes late during market session

News

The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 2020 00:15 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 …
Global Economy
Photo Archive
8 October 2020 09:35 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 …
Ratings
SABB Takaful is a 65%-owned subsidiary of SABB.
29 September 2020 09:19 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 10:29 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 …
Companies Investments
The loan term extends over seven years
27 August 2020 09:18 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 …
Banking and Finance
The lender turned to a net loss of SAR 5.9 billion in H1-20
26 August 2020 08:23 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 08:00 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
The par value of each bond is SAR 1 million
23 July 2020 09:08 AM SABB offers SAR 5bn local Sukuk
Riyadh - Mubasher: Saudi British Bank (SABB) has completed the first offering of Tier II SAR-denominated Sukuk for private placement in Saudi Arabia under its local Sukuk programme at a total value of SAR 5 billion. The total number of Sukuk …
Sukuk and Islamic Finance
The bank will play a role in offering new clearing activities
19 July 2020 09:51 AM SABB joins Muqassa for clearing activities at Tadawul
Riyadh - Mubasher: Saudi British Bank (SABB) has joined the Securities Clearing Centre Company (Muqassa) to conduct clearing activities in the Saudi Stock Exchange (Tadawul). By joining the membership of Muqassa on 14 July, the bank will play a …
Management Decisions
The loan term is extended over 30 months
8 July 2020 08:26 AM Saudi Ground seals SAR 500m Murabaha deal with SABB
Riyadh - Mubasher: Saudi Ground Services Company (SGS) has sealed a Murabaha financing agreement with the Saudi British Bank (SABB) for SAR 500 million to cover the working capital required for operations. The loan term is extended over 30 months, …
Companies Investments
The issuance will target experienced investors residing in Saudi Arabia
6 July 2020 09:25 AM SABB announces 1st local Sukuk issuance
Riyadh -Mubasher: The Saudi British Bank (SABB) announced on Monday the first offering of Tier II SAR denominated Sukuk for private placement under its newly-established local Sukuk programme. The issuance size shall be determined as per market …
Sukuk and Islamic Finance
The offering aims to meet SABB’s financial and strategic needs
5 July 2020 09:42 AM SABB sets up local Sukuk programme
Riyadh -Mubasher: The Saudi British Bank (SABB) intends to update and amend its previously established international Sukuk programme and set up a local Sukuk programme. Through the two Sukuk programmes, SABB will issue and offer senior …
Sukuk and Islamic Finance
The credit facility is guaranteed by a promissory note
25 June 2020 08:16 AM MIS extends SAR 204m loan with SABB
Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has renewed a credit facility agreement of SAR 204.11 million with the Saudi British Bank (SABB) on 24 June to finance the company’s new projects. The loan term is valid until 31 …
Banking and Finance
Net profit amounted to SAR 1.02 billion in the first quarter
18 May 2020 09:22 AM SABB posts 7.6% decline in Q1-20 net profit
Riyadh – Mubasher: The interim financial results of Saudi British Bank (SABB) showed a 7.59% decrease in net profit during the first quarter (Q1) of 2020 to SAR 1.022 billion, up from SAR 1.106 billion in the same period of the year before. This …
Financial Results
The Sukuk will be redeemed by the end of May
23 April 2020 04:26 PM SABB to redeem SAR 1.5bn Sukuk
Riyadh – Mubasher: The Saudi British Bank (SABB) plans early redemption of its SAR 1.5 billion Tier 2 Sukuk on 31 May 2020 at face value. The Sukuk was offered through private placement on the 28 May 2015, for an amount of SAR 1.5 billion, …
Trading Activities
Net profit amounted to SAR 2.81 billion last year
26 February 2020 04:05 PM SABB profits down 4.2% in 2019
Riyadh – Mubasher: The Saudi British Bank (SABB) reported SAR 2.81 billion in net profits for last year, with a 4.2% increase compared with the year before, as shown by the bank’s annual financial results for 2019. SABB attributed the rise in …
Banking and Finance
Photo Archive
20 February 2020 04:33 PM Al Akaria obtains SAR 100m facilities from SABB
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has agreed Shariah-compliant banking facilities with the Saudi British Bank (SAAB). The obtained facilities are valued at SAR 100 million, according to the company’s statement to the Saudi …
Banking and Finance
The bank's board recommended SAR 1.234 billion in cash dividends
1 January 2020 04:12 PM SABB to distribute SAR 0.6/shr for H2-19
Riyadh – Mubasher: The Saudi British Bank (SABB) board has recommended the distribution of cash dividends to shareholders for the second half (H2) of 2019 at SAR 1.234 billion. This translates to SAR 0.60 per share, equivalent to 6% of the share’s …
Company News
Lubna Olayan has been appointed as SABB Chairman; Saad Al Fadly as Vice Chairman
1 January 2020 11:16 AM Lubna Olayan appointed SABB Chairwoman
Riyadh – Mubasher: The Saudi British Bank (SABB) has appointed Lubna Sulaiman Olayan as the Board Chairwoman and Saad Abdulmohsen Al Fadly as Vice Chairman, according to a statement to the Saudi Stock Exchange (Tadawul). The bank recent ordinary …
Banking and Finance
New board will elect Chairman, Vice Chairman, and Subcommittees
19 December 2019 11:37 AM SABB announces new board of directors
Riyadh – Mubasher: The Board of Directors of the Saudi British Bank (SABB) has announced the results of the recent ordinary general assembly meeting (OGM). Held on 18 December 2019, and attended by 80.6% of the company’s shareholders, the general …
Board of Directors
The agreement is set to reduce debt and finance costs for Mobily
15 December 2019 10:44 AM Mobily signs SAR 7.6bn Murabaha deal with local banks
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) announced on Sunday the signing of a SAR 7.6 billion refinancing Murabaha facility agreement with a group of Saudi Banks. Riyad Bank, Arab National Bank (anb), Banque Saudi Fransi (BSF), Saudi …
Companies Investments
NCB, Al Rajhi, and SABB account for 47% of Saudi banking assets
9 December 2019 11:38 AM Leading Saudi banks to maintain strong profitability – Moody’s
Riyadh – Mubasher: The three largest banks in Saudi Arabia, namely: National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), are expected to maintain strong profitability and efficient cost structures, according to a report by …
Banking and Finance
SASCO wants to subscribe to the Saudi Aramco IPO
4 December 2019 09:56 AM SASCO inks deal with SABB for Aramco’s IPO
Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has signed a Shariah-compliant bank facility agreement with Saudi British Bank (SABB), according to a bourse filing. The medium-term financing of SAR 190 million aims at diversifying the …
Banking and Finance
The contract duration is 12 months
1 December 2019 11:14 AM SABB Takaful signs insurance deal
Riyadh – Mubasher: SABB Takaful Company announced a contract signoff with Saudi British Bank (SABB), according to a bourse filing. SABB Takaful Company has issued new policy money and fidelity all risks premises insurance cover in the name of …
Company News
Photo Archive
21 November 2019 05:00 PM Netherlands sells stake in SABB
Riyadh - Mubasher: The Netherlands announced on Thursday selling its last remaining shares in the Saudi British Bank (SABB), Reuters reported. The Dutch government has sold more than 75 million shares since it announced plans to decrease its stake …
Company News