The Saudi National Bank (1180.B)

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News

31 March 2016 11:40 PM S&P lowers credit ratings for 5 Saudi banks

Riyadh – Mubasher: Standard & Poor's downgraded its credit ratings for five Saudi banks, while affirming ratings for three others. The ratings agency lowered ratings for National Commercial Bank, Al Rajhi Bank, Samba Financial Group, Riyad Bank …

Ratings

16 March 2016 01:01 PM Osool & Bakheet forecasts Q1 earnings of 44 Saudi firms

Riyadh-Mubasher: Osool & Bakheet Investment Co. has issued a report, in which it expected the earnings of 44 Saudi listed companies for the first quarter of 2016. The companies are forecasted to record combined earnings of SAR 16.01 billion ($4.27 …

Stock Evaluations

8 March 2016 04:32 PM NCB shareholders to discuss H2 dividends 5 April

Riyadh-Mubasher: National Commercial Bank (NCB) said its ordinary general meeting will be held on 5 April, to discuss the proposed H2-15 dividends. The board earlier proposed cash dividends for H2 at SAR 0.75 a share, totalling SAR 1.4 billion. …

General Assembly

2 March 2016 00:36 PM Saudi NCB grants SAR130bn corporate loans in 2015

Riyadh – Mubasher: Saudi Arabia’s National Commercial Bank (NCB) increased funding to the corporate segment by 24% year-over-year in 2015, said Chairman Mansour Al-Maiman. In 2015, the granted loans grew to SAR 130 billion, Al-Maiman stated. The …

Banking and Finance

23 February 2016 03:33 PM Tadawul sees 9 put-through trades worth SAR 31.7m

Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) witnessed on Tuesday nine put-through transactions on the National Commercial Bank (NCB), Samba, Budget Saudi Arabia, Savola, Al Hokair, Al Khodari and Khaleej Training at a total value of SAR 31.7 …

Trading Activities

23 February 2016 00:56 AM S&P revises ratings for Saudi banks, companies

Riyadh – Mubasher: Standard and Poor's issued reports on 11 Saudi companies, including 8 banks, Saudi Electricity, giant petrochemical producer SABIC, and 83.77%-state owned Saudi Telecom. This came after S&P lowered Saudi Arabia's rating to "A-" …

Ratings

18 February 2016 04:11 PM NCB shuts Lebanon branches on infeasibility

Riyadh – Mubasher: Saudi Arabia’s National Commercial Bank (NCB) announced Thursday it decided to close its two branches in Lebanon due to their financial infeasibility. The bank obtained the approval of Lebanon’s central bank in this regard. In a …

Corporate Actions

14 January 2016 02:41 PM NCB's Q4 profits shy of forecasts - SFC

Riyadh-Mubasher: Saudi Fransi Capital (SFC) stated that Q4-15 net profits of the National Commercial Bank (NCB) reaching SAR 2,127 million were in line with consensus of SAR 2,160 million but below its expectations of SAR 2,245 million. At the net …

Stock Evaluations

13 January 2016 04:02 PM Saudi's NCB earns SAR 2.1bn in Q4-15

Riyadh-Mubasher: The National Commercial Bank (NCB), the kingdom's largest bank, posted net earnings of SAR 2.1 billion for the fourth quarter of 2015, a rise of 16.5% over SAR 1.8 billion in the year-ago period. Full-year net income also …

Corporate Actions

29 December 2015 04:06 PM NCB cleared to set up financial derivatives unit

Riyadh – Mubasher: National Commercial Bank (NCB) announced receiving regulatory approval on establishing a subsidiary that will operate in derivatives trading and repo activity, according to a bourse filing Tuesday. The new company, Saudi …

Companies Investments

24 December 2015 03:59 PM Saudi NCB proposes SAR 1.4bn dividends for H2-15

Riyadh-Mubasher: The National Commercial Bank's (NCB) board recommended cash dividends for the second half of 2015 at 7.5% of the stock's par value or, SAR 0.75 a share, totalling SAR 1.4 billion, the lender said in a bourse statement. …

Cash Dividends

24 December 2015 02:43 PM Osool & Bakheet forecasts Q4 earnings of 46 Saudi firms

Riyadh-Mubasher: Osool & Bakheet Investment Co. (OBIC) has issued a report, in which it forecasted Q4-15 earnings of 46 Saudi listed companies. The earnings of National Commercial Bank (NCB) will likely fall by 1.7% year-on-year, while those of …

Financial Results

23 December 2015 03:46 PM NCB completes subordinated tier 1 sukuk issue

Riyadh – Mubasher: The National Commercial Bank (NCB) announced, in a bourse filing that it successfully completed today an issuance of Sharia-compliant subordinated additional tier 1 capital sukuk, valued at SAR 2.7 billion, through a private …

Corporate Actions

15 December 2015 06:45 AM NCB opens 2 centres for mortgage services

Riyadh-Mubasher: The National Commercial Bank (NCB), the kingdom's largest bank by assets, has opened two centers to offer mortgage services and products as well as integrated real estate financing solutions. The centres are equipped with …

Macroeconomics

2 December 2015 01:51 PM Tadawul sees put-through trades worth SAR 29m

Riyadh-Mubasher: Saudi Arabia's stock market witnessed on Wednesday put-through transactions on Saudi Fransi, SABB, Samba, Al Rajhi, Alinma, National Commercial Bank, Ma'aden, SABIC, Savola, Saudi Industrial Investment Group, Almarai, Yansab, …

Corporate Actions

24 November 2015 01:18 PM Saudi banks’ 9M earnings from retail segment hit by Riyad

By Mohammed Idries Riyadh-Mubasher: Combined earnings recorded by Saudi banks from the retail and corporate segments reached SAR 22.8 billion during the first nine months of 2015, a rise of 8% compared with SAR 21.1 billion a year earlier. Total …

Sector Reports

2 November 2015 01:39 PM Saudi banks’ provisions fall in Q3

By Mohammed Abu Meleeh Riyadh-Mubasher: The provisions set aside by Saudi banks in the third quarter of 2015 reached SAR 1.92 billion ($512.6 million), falling 1% compared with SAR 1.94 billion ($517.7 million) in the same period of 2014. The …

Financial Results

29 October 2015 08:13 PM NCB provisions jump to 6-year high on retail hedging

By Mohamed Abou Meleeh Riyadh – Mubasher: National Commercial Bank's (NCB) financial statements posted Thursday showed that the lender set aside SAR 713 million credit loss provisions in the third quarter. According to Mubasher statistics, these …

Financial Results

28 October 2015 03:52 PM NCB accepts medical insurance offer from Tawuniya

Riyadh-Mubasher: The National Commercial Bank (NCB) has accepted a medical insurance offer submitted on Wednesday by Tawuniya, the lender said in a statement to Tadawul. Tawuniya will provide health insurance services to NCB staff at a price of …

Corporate Actions

11 October 2015 07:14 PM MubasherTrade reiterates ‘Buy/Low Risk’ rating on NCB

Mubasher: The research unit at MubasherTrade said in a report issued on Saudi Arabia’s National Commercial Bank (NCB) that Q3 earnings missed its forecasts. It maintained a ‘Buy/Low Risk’ recommendation on the stock. NCB, the kingdom's largest …

Ratings

11 October 2015 03:46 PM Saudi NCB earns SAR 2bn in Q3-15

Riyadh-Mubasher: The National Commercial Bank (NCB), the kingdom's largest bank by assets, posted SAR 2 billion in net earnings for the third quarter of 2015, up 7% from SAR 1.86 billion in the same period of 2014. The nine-month net profits grew …

Corporate Actions

5 October 2015 00:57 PM Petchem, telecom sectors’ Q3 earnings seen falling – NCB Capital

By Mohammed Abu Meleeh Riyadh-Mubasher: The third-quarter earnings of petrochemical industry and telecom sectors will likely decline by 33.2% and 3.9% year-on-year, respectively, NCB Capital (NCBC) said in a recent report.    For the stocks under …

Stock Evaluations

2 October 2015 01:17 PM Tadawul's put-through trades reach SAR 1.7bn in Q3

By Mohammed Al-Arabi Riyadh-Mubasher: The put-through transactions executed on the Saudi Stock Exchange (Tadawul) reached SAR 1.7 billion until the end of the third quarter of 2015, generated from the exchange of 27.6 million shares. September …

Corporate Actions

21 September 2015 02:06 PM Osool & Bakheet forecasts Q3 earnings of 49 listed firms

Riyadh-Mubasher: Osool & Bakheet has expected Q3-15 earnings of 49 companies listed on the Saudi bourse. The research firm predicts the firms to report combined profits of SAR 23.18 billion, falling 7.4% from SAR 25.03 billion in Q3-14 and 10.5% …

Stock Evaluations

8 September 2015 09:39 AM Bupa Arabia, NCB partner to offer affordable insurance programme

Riyadh-Mubasher: Bupa Arabia for Cooperative Insurance has signed a partnership agreement with the National Commercial Bank (NCB) to launch an insurance installment programme for employees in the kingdom’s public sector, with a zero annual profit …

Mergers and Acquisitions