The Saudi National Bank (1180)

Riyadh – Mubasher: The board members of Saudi National Bank (SNB) recommended cash dividends after Zakat valued at SAR 5.40 billion for the second half (H2) of 2023. SNB will grant a dividend of SAR 0.90 per share for 6 billion eligible …

Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …

Riyadh – Mubasher: Saudi National Bank (SNB) has concluded its offering of 4,250 USD-denominated senior unsecured Sukuk at a value of $850 million. The sukuk was offered at a par value of $200,000 with an annual return of around 5.13% over a …

Riyadh – Mubasher: Saudi National Bank (SNB) unveiled a plan to issue USD-denominated senior unsecured Sukuk under its updated international Sukuk programme, which was launched in December 2023. The planned sukuk are set to be issued through a …

Mubasher: ACWA Power Company secured a loan worth $2.30 billion (SAR 8.60 billion) for three of its solar power projects on 14 February. The funding will be provided over 27.75 years by a consortium of local, regional, and international banks, …

Riyadh – Mubasher: Modern Mills Company (MMC) has unveiled that the price range for its initial public offering (IPO) on the Saudi Exchange (Tadawul) is set between SAR 44 and SAR 48 per share. The Saudi-based milling and nutrition company also …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed an agreement with Saudi National Bank (SNB) to settle a SAR 313 million debt. Under the agreement, Amiantit will pay only 50% of the debt, or SAR 156.5 million, by the cash inflows from …

Riyadh – Mubasher: The net profits of Saudi National Bank (SNB) increased by 7.69% to SAR 20.01 billion in 2023 from SAR 18.58 billion in 2022. The clients’ deposits amounted to SAR 590.05 billion in 2023, up 3.83% year-on-year (YoY) from SAR …

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has renewed and increased a Sharia-aligned banking facilities agreement with the Saudi National Bank (SNB). solutions obtained the funding on 18 January 2024 to be …

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) inked a Murabaha financing agreement with the Saudi National Bank (SNB) at a total value of SAR 4.80 billion for seven years. The Tadawul-listed firm secured the loan, on 17 January 2024, to …

Riyadh - Mubasher: Waja Company recently secured three separate financing agreements, all compliant with Islamic Sharia principles, to support the issuance of bank letters of guarantee for its projects. Bank Albilad provided a one-year facility …

Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company was awarded a SAR 337.33 million insurance deal from the Saudi National Bank (SNB) on 26 December 2023, according to a bourse statement. Under the agreement, the listed company will …

Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …

Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …

Riyadh – Mubasher: The Saudi National Bank (SNB) logged net profits amounting to SAR 15.04 billion in the first nine months (9M) of 2023, an annual increase of 8.92% from SAR 13.81 billion. SNB reported clients’ deposits valued at SAR 624.76 …

Riyadh – Mubasher: Sure Global Company renewed its credit facility agreement with Saudi National Bank (SNB) at a value of SAR 36.80 million, according to a bourse filing. Through the loan, the company will be able to finance current and future …

Riyadh – Mubasher: The Saudi National Bank (SNB) announced cash dividends after zakat amounting to SAR 5.10 billion, representing 8.50% of the capital, for the first half (H1) of 2023. The lender will grant SAR 0.85 per share for 6 billion …

Riyadh – Mubasher: The Saudi National Bank (SNB) recorded 10.40% higher net profits at SAR 10.03 billion in the first half (H1) of 2023, versus SAR 9.09 billion a year earlier. Earnings per share (EPS) amounted to SAR 1.62 during the January-June …

Riyadh – Mubasher: Bena Steel Industries Company inked a credit facility agreement with Saudi National Bank (SNB) at a value of SAR 75 million on 23 July 2023. The company will utilise the loan to finance its working capital, according to a bourse …

Riyadh – Mubasher: Southern Province Cement Company inked a long-term loan compliant with Islamic rules with Saudi National Bank (SNB) at a value of SAR 1.40 billion. In a bourse discourse, the listed company highlighted that it will use the …

Riyadh – Mubasher:  Zahrat Al Waha for Trading Company has extended its Sharia-compliant facility deal with Saudi National Bank (SNB) at a value of SAR 60 million. The firm will use the proceeds of the loan to purchase raw materials, according to …

Riyadh – Mubasher: The net profits of Saudi National Bank (SNB) amounted to SAR 5.02 billion in the first quarter (Q1) of 2023, an annual rise of 11.55% from SAR 4.50 billion. The earnings per share (EPS) surged to SAR 1.08 as of 31 March 2023 …

Riyadh – Mubasher: The Saudi National Bank (SNB) registered a 46.67% hike in net profit to SAR 18.58 billion in 2022, compared to SAR 12.66 billion in 2021. Earnings per share (EPS) stood at SAR 4.06 in the January-December 2022 period, higher …

Riyadh – Mubasher: Arabian Shield Insurance Company penned an insurance coverage agreement with the Saudi National Bank (SNB) on 23 January 2023, according to a bourse disclosure. The Tadawul-listed firm expected the contract’s revenues to cross …

Riyadh – Mubasher: Ataa Educational Company renewed a Sharia-compliant facility worth SAR 50 million with Saudi National Bank (SNB) on 18 January 2023 for one year. The firm will use the loan, which is secured by a promissory note, to finance its …