Saudi Awwal Bank (SAB) News - Mubasher Info
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05 April 12:26 AM

Saudi Awwal Bank (1060)

Last update: 2 April 03:14 PM market time.
36.82
-0.24
-0.65%
Open 37.12
Previous Close 37.06
High 37.38
Low 36.58
Stock Statistics
Volume 2,263,538
Turnover 83,631,348.48
All data are 15 minutes late during market session

News

The par value of each bond is SAR 1 million
23 July 2020 10:08 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 10:51 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 09:26 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 10:25 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 …
Banking and Finance
The offering aims to meet SABB’s financial and strategic needs
5 July 2020 10:42 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 09:16 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 10:22 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 05:26 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 05:05 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 …
Financial Results
Photo Archive
20 February 2020 05:33 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 05:12 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 00:16 PM 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 …
Company News
New board will elect Chairman, Vice Chairman, and Subcommittees
19 December 2019 00:37 PM 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 11:44 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 00:38 PM 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 …
Sector Reports
SASCO wants to subscribe to the Saudi Aramco IPO
4 December 2019 10:56 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 00:14 PM 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 06:00 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 …
Trading Activities
The credit facility will finance working capital and capital expenditure requirements
14 November 2019 10:57 AM SACO, SABB ink SAR 331m finance agreement
Riyadh – Mubasher: Saudi Company for Hardware (SACO) announced signing an Islamic banking facilities agreement with the Saudi British Bank (SABB) worth SAR 330.9 million. The credit facility duration is seven years, including a two-year grace …
Company News
Net profits of SABB inched down by 0.09% in Q3
3 November 2019 09:36 AM SABB logs SAR 1bn profits in Q3
Riyadh – Mubasher: Saudi British Bank (SABB) reported a 0.09% year-on-year decline in its financial results for the third quarter of 2019, recoding SAR 1.06 billion. Total revenue from special commissions/financing and investments jumped by 46.14% …
Banking and Finance
SABB Takaful has renewed 3 policies valued at SAR 64 million with SABB
29 October 2019 00:18 PM SABB Takaful renews SAR 64m deals with SABB
Riyadh – Mubasher: SABB Takaful Company has renewed three policies with the Saudi British Bank (SABB) valued at SAR 64.4 million. The three policies are the property all-risk insurance policy, group creditor policy, and group credit card policy, …
Companies Investments
The company plans to reschedule around SAR 12.5 million
21 October 2019 04:26 PM Saudi Paper inks rescheduling deal with SABB
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPM) has signed a sharia-compliant credit facility with Saudi British Bank (SABB) in order to reschedule an existing credit facility to manage the cash flow. The company plans to reschedule …
Companies Investments
The contract value will increase to SAR 50 million
8 October 2019 11:56 AM Zahrat Al Waha renews SAR 50m loan deal with SABB
Riyadh – Mubasher: Zahrat Al Waha for Trading Co said that the Sharia-compliant credit facilities agreement with the Saudi British Bank (SABB) has been renewed on 8 October 2019 corresponding to 9/2/1441 H. The contract value will increase to SAR …
Companies Investments
The impact of this renewal will be seen on FY19 results
6 October 2019 02:00 PM SABB Takaful renews the Group Care policy for SABB Bank
Riyadh – Mubasher: SABB Takaful Company has renewed the Group Care policy for SABB Bank after obtaining the renewal approval from Marsh Broker. The contribution amount is valued at SAR 3.448 million, SABB Takaful said in a disclosure to the Saudi …
Corporate Actions
SWIFT gpi will allow corporates to track payments in real time
2 October 2019 04:09 PM SABB becomes 1st bank in MENA, Turkey to go live with SWIFT gpi
Riyadh –Mubasher: The Saudi British Bank (SABB) and SWIFT, the world’s leading provider of secure financial messaging services, announced that SABB has become the first bank to go live with SWIFT gpi for Corporates service (g4c) across the Middle …
Banking and Finance