Saudi Awwal Bank (1060)

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News

31 July 2023 02:51 PM Saudi Awwal Bank announces SAR 1.8bn dividends for H1-23

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 …

Cash Dividends

30 July 2023 10:54 AM Saudi Awwal Bank logs SAR 3.31bn profits in H1-23

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 …

Financial Results

7 May 2023 03:34 PM SABB’s net profits leap 76% in Q1-23 interim results

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 …

Financial Results

9 April 2023 09:39 AM SABB unveils rebranding after merger with Alawwal Bank

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 …

Banking and Finance

21 March 2023 04:13 PM MIS obtains SAR 759m loans from Al Rajhi Bank, SABB

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 …

Companies Investments

15 February 2023 09:40 AM SABB’s board proposes SAR 1.52bn dividends for H2-22

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 …

Board of Directors

9 February 2023 10:56 AM SABB generates SAR 4.87bn profits in 2022

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 …

Banking and Finance

4 January 2023 09:56 AM SABB names new Chairperson, Vice Chairperson

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 …

Corporate Actions

1 January 2023 11:56 AM SPIMACO obtains SAR 900m loans from SABB, Al Rajhi Bank

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 …

Companies Investments

20 October 2022 01:31 PM SABB witnesses 25.5% higher profits in 9M-22 initial financials

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, …

Banking and Finance

9 October 2022 04:26 PM NCLE pens SAR 188m bank facility agreement with SABB

Riyadh – Mubasher: The National Company for Learning and Education (NCLE) has signed a Shariah-compliant bank facility agreement worth SAR 188 million with Saudi British Bank (SABB). The financing holds a tenor of up to 7 years, including a …

Banking and Finance

18 September 2022 09:46 AM SABB sells certain business lines from HSBC Saudi Arabia to Alawwal for SAR 1.20bn

Riyadh - Mubasher: Saudi British Bank (SABB) has announced the completion of the sale and purchase of certain business lines from HSBC Saudi Arabia to Alawwal Invest Company, in which SABB owns a 100% stake. The value of the transaction, under …

Companies Investments

23 August 2022 00:54 PM Red Sea International secures SAR 35m loan from SABB

Riyadh – Mubasher: Red Sea International Company has signed a facility agreement worth SAR 35 million with Saudi British Bank (SABB). The company obtained the loan on 18 August 2022 to finance its projects, according to a bourse filing. Meanwhile, …

Banking and Finance

21 August 2022 10:34 AM Maharah obtains SAR 362.5m loans from Al Rajhi Bank, SABB

Riyadh – Mubasher: Maharah Human Resources Company has secured long-term Sharia-compliant Murabaha loans from Al Rajhi Bank and Saudi British Bank (SABB) to finance the company's future acquisitions. Maharah obtained a long-term loan of SAR 181.50 …

Banking and Finance

3 August 2022 11:25 AM SABB’s profits exceed SAR 2bn in H1-22 interim financials

Riyadh – Mubasher: Saudi British Bank (SABB) has registered net profits worth SAR 2.08 billion during the first half (H1) of 2022, an annual increase of 10.43% from SAR 1.88 billion. Earnings per share (EPS) stood at SAR 1.02 in H1-22, compared to …

Financial Results

4 July 2022 05:42 PM SABB’s board proposes SAR 1.13bn dividends for H1-22

Riyadh - Mubasher: The board of Saudi British Bank (SABB) has recommended interim cash dividends after Zakat worth SAR 1.13 billion for the first half (H1) of 2022. The Saudi lender would disburse SAR 0.55 per share, representing 5.50% of the …

Board of Directors

2 June 2022 06:53 PM Tarabut Gateway unveils partnerships with Saudi listed banks

Riyadh – Mubasher: Tarabut Gateway, MENA’s open banking platform, has announced four partnerships with Riyad Bank, Saudi British Bank (SABB), Alinma Bank, and Banque Saudi Fransi. The contracts come in line with Tarabut Gateway’s objective to …

Companies Investments

26 April 2022 05:25 PM SABB’s net profits rise 3.5% in Q1-22 initial results

Riyadh – Mubasher: Saudi British Bank (SABB) announced its interim financial results for the first quarter (Q1) of 2022 which indicated a 3.50% year-on-year (YoY) increase in net profits to SAR 1 billion from SAR 970 million. Earnings per share …

Financial Results

18 April 2022 11:20 AM SABB's OGM approves 4% dividends for H2-21

Riyadh – Mubasher: The ordinary general meeting (OGM) of Saudi British Bank (SABB) has approved a cash dividend distribution, equivalent to 3.6% of the nominal value, for the second half (H2) of 2021. The cash dividend payout stands at …

General Assembly

22 February 2022 10:00 AM SABB's board proposes 4% dividend distribution for H2-21

Riyadh – Mubasher: The board of Saudi British Bank (SABB) has recommended a cash dividend distribution, equivalent to 3.6% of the share par value, for the second half (H2) of 2021. The cash dividend payout stands at SAR 0.36 per share, aggregating …

Board of Directors

16 February 2022 10:13 AM SABB achieves SAR 3.2bn profits in 2021

Riyadh – Mubasher: Saudi British Bank (SABB) has achieved SAR 3.2 billion net profits in 2021, compared to net losses of SAR 4.17 billion in 2020, according to the bank's financial results for the period ended 31 December 2021. The bank's net …

Banking and Finance

2 February 2022 07:18 PM SABB Takaful extends SAR 94m group creditor policy for SABB

Riyadh – Mubasher: SABB Takaful Company has renewed the group creditor policy that is worth SAR 94 million for the Saudi British Bank (SABB), according to a bourse disclosure. The policy has been extended for one year starting 1 February 2022. The …

Banking and Finance

23 December 2021 09:59 AM SABB to sell entire stake in Wataniya Insurance for SAR 80m

Riyadh – Mubasher: Saudi British Bank (SABB) has inked an agreement to sell its entire stake in Wataniya Insurance Company to Private Wealth Investment Holding Company in exchange for SAR 80 million. The bank will sell four million ordinary …

Banking and Finance

28 October 2021 01:12 PM SABB turns to profitability in nine months

Riyadh – Mubasher: Saudi British Bank (SABB) turned to net profits of SAR 2.775 billion in the first nine months of 2021, versus net losses of SAR 4.847 billion in the year-ago period.  Earnings per share amounted to SAR 1.35 in the period ended …

Banking and Finance

19 September 2021 03:24 PM SABB Takaful renews SAR 4m contract with SABB

Riyadh – Mubasher: SABB Takaful Company has renewed a Group Care policy worth SAR 3.9 million with the Saudi British Bank (SABB), according to a bourse disclosure. The contract has been extended for 12 months starting 1 October 2021, covering the …

Management Decisions