Saudi Awwal Bank (SAB) News - Mubasher Info
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05 April 04:40 PM

Saudi Awwal Bank (1060)

Last update: 03:12 PM market time.
36.50
-0.32
-0.87%
Open 36.94
Previous Close 36.82
High 36.96
Low 36.24
Stock Statistics
Volume 527,502
Turnover 19,268,163.10
All data are 15 minutes late during market session

News

SAAB will become the owner of 49% equity in HSBC Saudi
2 October 2019 00:00 PM SABB cuts stake in HSBC Saudi Arabia in SAR 36m deal
Riyadh – Mubasher: The Saudi British Bank (SAAB) has concluded a binding contract to sell its 2% stake in HSBC Saudi Arabia to HSBC Asia Holdings B.V. at a total value of SAR 36 million. Therefore, SAAB will become the owner of 49% equity, instead …
Trading Activities
Total deposits amounted to SAR 1.718 trillion in Q2-19
20 August 2019 04:43 PM Saudi banks’ deposits jump 8.1% in Q2
By: El Sayed Gamal Riyadh – Mubasher: Deposits at banks operating in Saudi Arabia increased by 8.1% year-on-year or SAR 128.55 billion in the second quarter of 2019. Total deposits amounted to SAR 1.718 trillion ($458.07 billion) in Q2-19, from …
Banking and Finance
Assets of Saudi-listed banks reached SAR 2.33 trillion in Q2-19
19 August 2019 03:54 PM Saudi banks’ assets hit $622bn in Q2
By: El Sayed Gamal Riyadh – Mubasher: Total assets of banks operating in Saudi Arabia increased by 8.65% year-on-year during the second quarter of 2019. Assets of Saudi-listed banks reached SAR 2.33 trillion ($622.14 billion) in Q2-19, compared to …
Financial Results
SABB will pay SAR 0.6 per share for H1-19
6 August 2019 03:52 PM SABB to pay SAR 1.18bn cash dividends for H1
Riyadh – Mubasher: The board of directors of the Saudi British Bank (SABB) has proposed distributing 6% cash dividends to its shareholders for the first half of 2019. The Saudi-based lender will pay dividends worth SAR 1.18 billion, or SAR 0.6 per …
Cash Dividends
The bank turned to losses with SAR 254 million in Q2-19
6 August 2019 10:15 AM SABB turns to losses in Q2
Riyadh – Mubasher: Saudi British Bank (SABB) disclosed its interim financial results for the second quarter of 2019. The bank turned to losses with SAR 254 million in Q2-19, against net profits of SAR 833 million in Q2-18, according to SAB’s …
Financial Results
The 12-year Murabaha facility will be repaid in 24 semi-annual scheduled installments
25 June 2019 00:27 PM Sipchem unit inks $600m Islamic facility with local banks
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced that its 50%-owned subsidiary, Sahara & Ma’aden petrochemicals company (SAMAPCO),  signed an Islamic facility agreement with a number of local banks. The SAR 2.25 …
Sukuk and Islamic Finance
SABB has listed and deposited the consideration shares in eligible accounts of Alawwal shareholders
19 June 2019 11:25 AM SABB deposits consideration shares in eligible accounts of Alawwal shareholders
Riyadh – Mubasher: Saudi British Bank (SABB) has listed and deposited the consideration shares in the accounts of the eligible Alawwal bank shareholders. Accordingly, pursuant to the merger agreement and as set out in the Shareholder Circular, the …
Company News
Moody's affirmed BCA of SABB at a3
19 June 2019 00:04 AM Moody's affirms ratings of SABB, withdraws Alawwal’s ratings
Riyadh – Mubasher: Moody's Investors Service on Tuesday affirmed the long and short-term local and foreign currency deposit ratings of Saudi British Bank (SABB) at A1/P-1. The rating agency upgraded the long and short-term local and foreign …
Ratings
Tadawul has delisted Alawwal Bank Shares on the back of merger with SABB
18 June 2019 09:57 AM Tadawul delists Alawwal Bank shares after merger with SABB
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday announced that it has delisted Alawwal Bank shares on the back of merger with the Saudi British Bank (SABB), according to Tadawul’s statement. On Sunday, SABB and Alawwal Bank …
Market News
The bank affirmed appointing David Dew as the managing director
17 June 2019 01:00 PM SABB hires Lubna Olayan as chairman following merger with Alawwal Bank
Riyadh – Mubasher: The Saudi British Bank (SABB) on Monday announced that its board of directors decided to appoint Lubna Sulaiman Olayan as the bank’s chairman until the end of the term of the board following the previously signed merger …
Mergers and Acquisitions
Alawwal Bank did not receive any objections from creditors during this period
16 June 2019 10:45 AM SABB, Alawwal Bank complete merger after expiry of creditor objection period
Riyadh – Mubasher: The Saudi British Bank (SABB) and Alawwal Bank announced the effectiveness of their merger after the expiry of the creditor objection period on 15 June. Alawwal Bank noted that the bank did not receive any objections from …
Market News
The creditor objection period will end on 15 June
12 June 2019 11:48 AM Alawwal Bank reveals effective date of merger with SABB
Riyadh – Mubasher: Alawwal Bank announced that its merger with the Saudi British Bank (SABB) will be effective immediately after the end of the creditor objection period. If no creditor objects to the proposed tie-up until 15 June, the merger will …
Corporate Actions
The creditor objection period starts on Thursday, 16 May
16 May 2019 11:06 AM Alawwal Bank’s board approves SABB’s merger offer
Riyadh – Mubasher: The extraordinary general assembly of Alawwal Bank approved the offer by the Saudi British Bank (SABB) in connection with the proposed merger. The merger will take place through the issuance of 0.48535396 new SABB shares for …
Corporate Actions
The capital increase shall become effective upon the merger becoming effective
16 May 2019 10:38 AM SABB’s EGM approves merger with Alawwal bank, 37% capital raise
Riyadh – Mubasher: The extraordinary general meeting (EGM) of the Saudi British Bank (SABB) approved the proposed merger of SABB and Alawwal bank through the issuance of 0.48535396 new SABB shares for every share in Alawwal bank subject to the …
Banking and Finance
MSCI Inc said the stocks of 30 Saudi firms will be added
14 May 2019 09:59 AM MSCI adds 30 Saudi companies to EM Index
Riyadh – Mubasher: MSCI Inc. has added the MSCI Saudi Arabia index to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review. The US-based index compiler said the stocks of 30 Saudi firms will be added, accounting for …
Trading Activities
Net profits amounted to SAR 103.7 million in Q1-19
12 May 2019 09:51 AM Saudi Airlines Catering’s Q1 profit falls 14%; dividends proposed
Riyadh – Mubasher: Saudi Airlines Catering Company reported a 13.8% year-on-year drop in its profits for the first quarter of 2019. Net profits amounted to SAR 103.7 million in Q1-19, compared to SAR 120.3 million in Q1-18, according to a filing …
Board of Directors
SABB's earnings grew 23.77% from January to March 2019.
29 April 2019 09:45 AM SABB sees SAR 1.29bn profits in Q1
Riyadh – Mubasher: The Saudi British Bank (SABB) reported a 23.77% year-on-year rise in profits during the first quarter of 2019. SABB’s profits amounted to SAR 1.29 billion in Q1-19, up from SAR 1.04 million during Q1-18, according to a statement …
Financial Results
SABB’s board invited shareholders to an OGM
25 April 2019 07:34 PM SABB reveals schedule for merger with Alawwal Bank
Riyadh – Mubasher: Saudi British Bank (SABB) on Thursday published a circular on which it revealed the schedule of the merger with Alawwal Bank. The circular included details of the merger, its terms and conditions, and other related matters, …
Banking and Finance
The two-day event saw the launch of forex trading activity by Riyad Capital
25 April 2019 04:21 PM Saudi firms close 12 agreements in Financial Sector Conference
Riyadh – Mubasher: Saudi companies on Thursday signed 12 agreements on the sidelines of the Financial Sector Conference (FSC) held in Riyadh from 23 to 24 April. The two-day event saw the launch of forex trading activity by Riyad Capital, FSC …
Companies Investments
The capital raise will be conducted by issuing 554.79 million ordinary shares
22 April 2019 06:03 PM CMA approves SABB’s capital raise request to merge with Alawwal Bank
Riyadh – Mubasher: Saudi Arabia's Capital Market Authority (CMA) approved Saudi British Bank’s (SABB) request for raising its capital to SAR 20.55 billion from SAR 15 billion. SABB will carry out the capital raise through issuing 554.79 million …
Mergers and Acquisitions
The total book value of the shares amounts to approximately SAR 20.8 million
21 April 2019 10:46 AM SABB to sell SAR 36m equity in HSBC Saudi Arabia
Riyadh – Mubasher: The Saudi British Bank (SABB) has signed a binding agreement with HSBC Asia Holdings on 18 April 2019 to sell 1 million shares in the share capital of HSBC Saudi Arabia. This stake represents 2% of the issued share capital of …
Banking and Finance
Dividends will be paid on 10 April
2 April 2019 11:07 AM SABB’s OGM nods to SAR 1/shr dividends for H2-18
Riyadh – Mubasher: The Saudi British Bank (SABB) on Tuesday announced that its shareholders had approved a cash dividend distribution of SAR 1 per share for the second half of 2018 during an ordinary general meeting (OGM) held the previous day. …
General Assembly
Al Rajhi Bank topped Saudi lenders in terms of 2018 dividends
27 March 2019 05:36 PM Nine Saudi banks distribute SAR 28bn dividends in 2018
By: Elsayed Gamal Riyadh – Mubasher: Nine out of the total 12 listed Saudi banks approved the distribution of cash dividends with a combined value of SAR 28.11 billion ($7.49 billion) for 2018, according to statistics conducted by Mubasher. The …
Cash Dividends
Petrochem wins SAR 550m loan from SABB
12 March 2019 03:57 PM Petrochem wins SAR 550m loan from SABB
Riyadh – Mubasher: National Petrochemical Company (Petrochem) on Tuesday has obtained a three-year Sharia-complaint facility at a value of SAR 550 million from Saudi British Bank (SABB). The facility is revolving, and it will be subject for …
Banking and Finance
SABB expected that the deal will be implemented in the first half of 2019.
11 March 2019 10:39 AM SABB confirms ongoing merger with Alawwal Bank
Riyadh – Mubasher: The Saudi British Bank (SABB) on Monday confirmed the continuation of its merger with Alawwal bank over the coming period. The two lenders are working on completing tie-up procedures, including regulatory approvals, SABB, an …
Mergers and Acquisitions