Saudi Awwal Bank (SAB) News - Mubasher Info
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04 April 08:31 PM

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 list of banks comprised BSF and Riyad Bank
6 March 2019 01:55 PM APICORP obtains SAR 1.5bn loan from 4 Saudi banks
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) on Wednesday announced securing a five-year shariah compliant syndicated facility at a value of SAR 1.5 billion ($400 million) from four Saudi banks. The list of banks …
Companies Investments
SAMA governor does not see new mergers in pipeline
24 February 2019 00:45 PM SAMA governor does not see new mergers in pipeline
  Riyadh – Mubasher: The governor of the Saudi Arabian Monetary Authority (SAMA) said he does not expect any new mergers among banks in the coming period, apart from those previously announced. The kingdom does not forecast a contraction in its …
Macroeconomics
The firm increased the credit facility by SAR 38 million
21 February 2019 05:10 PM MEPCO renews loan deal with SABB
Riyadh – Mubasher: Middle East Paper Co (MEPCO) on Thursday announced renewing and amending a sharia-compliant loan agreement with Saudi British Bank (SABB). The firm increased the credit facility by SAR 38 million to SAR 246 million, up from SAR …
Banking and Finance
The loan will be used for meeting various business purposes, including raising capital.
20 February 2019 09:48 AM SEC to secure SAR 15.2bn loan from 6 lenders
Riyadh– Mubasher: The Saudi Electricity Company (SEC) said it will sign on Wednesday a SAR 15.2 billion seven-year murabaha syndication facility agreement. The state-run utility will sign the loan with six lenders, namely Arab National Bank, …
Banking and Finance
SABB’s profits hit SAR 1.21 billion from October to December 2018
7 February 2019 04:32 PM SABB posts SAR 4.93bn profit in 2018
Riyadh – Mubasher: Saudi British Bank (SABB) on Thursday reported a 71.3% year-on-year increase in net profits during the fourth quarter of 2018. SABB’s profits hit SAR 1.21 billion from October to December 2018, compared to SAR 707 million in …
Financial Results
The loan will be used in purchasing and importing raw materials
28 January 2019 10:12 AM Zahrat Al Waha secures SAR 30m loan from SABB
Riyadh – Mubasher: Zahrat Al Waha for Trading Co. has announced signing a SAR 30 million loan with the Saudi British Bank (SABB). The financing period will extend from 28 January 2019 until 31 December 2018, according to a statement to the Saudi …
Banking and Finance
The two lenders are pushing ahead with closing the merger deal, then an EGM for shareholders will be held for approval
23 January 2019 11:13 AM Saudi SABB-Alawwal Bank merger to complete in H1 - MD
Riyadh — Mubasher: Saudi Arabia’s Alawwal Bank and the Saudi British Bank (SABB) are to complete consolidation in the first half of 2019, Alawwal’s managing director said. The two lenders are pushing ahead with closing the merger deal, then an …
Mergers and Acquisitions
RDA and top officials during naming announcement
15 November 2018 00:12 PM 8 major firms win naming rights tender for Riyadh metro stations – CEO
Riyadh – Mubasher: The Riyadh Development Authority (RDA) on Thursday announced that eight major companies and banks won a tender for naming rights of a number of Riyadh Metro stations, CEO Tariq Bin Abdulaziz Al-Faris said. The Saudi Telecom …
Companies Investments
profits of the Saudi bourse's lenders went up SAR 3.4 billion, or 9.9% to SAR 37.75 billion in 9M-18
31 October 2018 05:35 PM Tadawul listed banks’ profit jumps 11% YoY in Q3
By: Elsayed Gamal Riyadh – Mubasher: Saudi banks listed on the Saudi Stock Exchange (Tadawul) achieved SAR 1.21 billion ($324 million), or 10.7% year-on-year profit growth in the third quarter of 2018, with the exception of Alawwal Bank’s profits …
Sector Reports
SABB’s profits reached SAR 1.247 billion by the end of Q3-18
24 October 2018 05:10 PM SABB’s profit rises 14% in 9M
Riyadh – Mubasher: The Saudi British Bank (SABB) on Wednesday reported a 15.14% year-on-year profit increase during the third quarter of 2018. SABB’s profits reached SAR 1.247 billion by the end of Q3-18, up from SAR 1.083 billion in Q3-17, …
Financial Results
SABB-Alawwal union allows more retail business
14 October 2018 03:57 PM SABB-Alawwal union to boost retail business; deal to finalise in H1-19 – MD
Riyadh – Mubasher: There are many benefits to the merger between the Saudi British Bank (SABB) and Alawwal Bank, the merged entity’s newly-appointed managing director has said. Not only will the merger create the third largest bank in Saudi …
Companies Investments
Photo Archive
10 October 2018 10:33 PM Moody's affirms ratings of SABB, Alawwal
Mubasher: Moody’s Investors Service has affirmed the local and foreign currency deposit ratings of Saudi British Bank (SABB) at A1/P-1 and Alawwal Bank at A3/P-2. The outlook on Alawwal's long-term deposit ratings was changed to positive, from …
Ratings
Olayan will be the first Saudi woman to take the lead of a listed bank in the kingdom
4 October 2018 01:40 PM SABB, Alawwal Bank to name Olayan as chairperson after merger
Riyadh – Mubasher: The Saudi British Bank (SABB) and Alawwal Bank have approved to hire Lubna Olayan as a chairperson of their new merged lender. Olayan will be the first Saudi woman to take the lead of a listed bank in the kingdom, according to a …
Management Decisions
SABB’s stock inched down 0.16%
4 October 2018 00:55 PM Alawwal, SABB stocks see mixed performance on merger deal
Riyadh – Mubasher: The stocks of Alawwal Bank and the Saudi British Bank’s (SABB) have seen a mixed performance on Thursday on the Saudi Stock Exchange (Tadawul) after the two lenders announced signing a binding merger agreement. By 12: pm Saudi …
Trading Activities
The new shares will be issued through capital hike
4 October 2018 09:52 AM SABB, Alawwal Bank ink binding merger deal
Riyadh – Mubasher: The Saudi British Bank (SABB) and Alawwal bank have signed a binding merger agreement on Wednesday, 3 October. The two Saudi lenders approved to carry out regulatory procedures for merger pursuant subject to articles 191-193 of …
Mergers and Acquisitions
The decsiosn came upon the request of the two lenders
3 October 2018 02:50 PM Tadawul suspends trading on SABB, Alawwal Bank
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on the stocks of Alawwal Bank and the Saudi British Bank (SABB) starting from Wednesday, 3 October. The decsiosn came upon the request of the two lenders that will …
Management Decisions
SABB recorded a 14.13% profit hike to SAR 2.47 billion in H1-18
25 July 2018 09:49 AM SABB logs SAR 1.43bn profit in Q2
Riyadh – Mubasher: The Saudi British Bank (SABB) on Wednesday posted a 26.84% year-on-year increase in net profits during the second quarter of 2018. SABB posted a net profit of SAR 1.43 billion in the period between April and June, compared to …
Financial Results
Moody's Investors Service has assigned Counterparty Risk Ratings (CRR) to 11 Saudi banks
28 June 2018 03:26 PM Moody’s assigns Counterparty Risk Ratings to 11 Saudi banks
Riyadh – Mubasher: Moody's Investors Service has assigned Counterparty Risk Ratings (CRR) to 11 Saudi banks. The banks are: The Saudi Investment Bank (SAIB), Saudi British Bank (SABB), Samba Financial Group, Riyad Bank, National Commercial Bank …
Ratings
The deal includes completion of confirmatory due diligence
16 May 2018 00:11 PM Alawwal, SABB merger talks reach advanced level
Riyadh – Mubasher: Alawwal Bank and the Saudi British Bank (SABB) on Wednesday announced that their merger talks reached an advanced stage. The boards of both banks have reached a preliminary, non-binding agreement on the share exchange ratio, …
Mergers and Acquisitions
Tadawul further noted that trading on Alawwal Bank's shares will be suspended upon the bank’s request
15 May 2018 10:40 AM Saudi SABB, Alawwal Bank request Tadawul to suspend trading
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday said that trading on the Saudi British Bank (SABB) has been suspended upon the bank’s request. The kingdom's sixth-largest lender by assets requested the Saudi bourse to halt trading …
Trading Activities
SABB profits were unchanged in Q1-18
7 May 2018 06:06 PM SABB posts SAR 1.039bn profits in Q1
Riyadh – Mubasher: The Saudi British Bank (SABB) on Monday reported near-stable profits for the first quarter of 2018 from a year ago. SABB logged SAR 1.039 billion ($ million) in profits between January and March, up 0.29% from SAR 1.036 billion …
Banking and Finance
Lending growth is forecast to be in the low single digits
11 April 2018 10:37 AM Bank lending to Saudi private sector to hike in 2018 – SABB
Riyadh – Mubasher: Bank lending to Saudi Arabia's private sector is expected to grow this year, backed by a rise in oil prices and an increase in government expenses, Saudi British Bank's (SABB) managing director, David Dew, has said. Lending …
Sector Reports
SABB nods to distribute SAR 0.71/shr dividends for H2-17
5 April 2018 01:04 PM SABB nods to SAR 0.71/shr dividends for H2-17
Riyadh – Mubasher: The Saudi British Bank’s (SABB) extraordinary general meeting (OGM) approved the board's recommendation to distribute cash dividends at 71 halalas per share (SAR 0.70) for the second half of 2017. Total distributions amount to …
Cash Dividends
The lender's net profits rose to SAR 706 million during Q4-17
20 February 2018 10:13 AM SABB posts SAR 706m profits in Q4
Riyadh – Mubasher: The Saudi British Bank (SABB) on Tuesday reported a 16.31% year-on-year hike in net profits for the fourth quarter of 2017. The lender's net profits rose to SAR 706 million during Q4-17 versus SAR 607 million in the same period …
Financial Results
Around 32 Saudi companies are nominated to be listed on the Emerging Market (EM) Index
19 February 2018 02:07 PM Saudi market's potential weight to hit 2.3% after listing on MSCI
Riyadh – Mubasher: Saudi market's potential weight may reach 2.3% when it will be listed on Morgan Stanley Capital International’s (MSCI) index, according to consultation document posted on MSCI’s website. Around 32 Saudi companies are nominated …
Corporate Actions