The Saudi National Bank (1180)

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News

27 July 2022 00:21 PM SNB’s profits jump 59% in H1-22 interim results

Riyadh – Mubasher: Saudi National Bank (SNB) has registered SAR 9.09 billion in net profit during the first half (H1) of 2022, a leap of 58.82% from SAR 5.72 billion in H1-21. Earnings per share (EPS) stood at SAR 1.99 in H1-22, versus SAR 1.46 in …

Banking and Finance

3 July 2022 02:19 PM SNB to pay 11% of capital as dividends for H1-22

Riyadh – Mubasher: The board of Saudi National Bank (SNB) has announced a cash dividend distribution after Zakat of SAR 1.10 per share for the first half (H1) of 2022. The bank will pay a total amount of SAR 4.92 billion, representing 11% of the …

Cash Dividends

27 June 2022 07:06 PM solutions secures SAR 1bn loan from SNB

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) has signed a sharia-aligned credit facility agreement with the Saudi National Bank (SNB) to obtain SAR 1 billion. The loan, which holds a funding date of 27 …

Companies Investments

26 June 2022 07:15 PM Tadawul to launch Single Stock Futures in July; 10 listed firms chosen

Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …

Global Economy

16 June 2022 10:29 AM Al Akaria reschedules SAR 2.06bn loan with SNB

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has rescheduled its existing loan worth SAR 2.06 billion with Saudi National Bank (SNB) to suit the company's cash flows. The company has restructured the loan, guaranteed by real estate …

Banking and Finance

2 June 2022 10:56 AM Al Etihad Cooperative inks bancassurance deal with SNB

Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has reached a three-year bancassurance agreement with Saudi National Bank (SNB) to sell its insurance products. The agreement's value has not been determined due to the variation in the …

Companies Investments

27 April 2022 02:57 PM SNB logs SAR 4.5bn profits in Q1-22 initial financials

Riyadh – Mubasher: Saudi National Bank (SNB) has logged net profits worth SAR 4.50 billion in the first three months (3M) of 2022, an annual hike of 32.10% from SAR 3.40 billion. Earnings per share (EPS) edged down to SAR 0.98 during the first …

Banking and Finance

18 April 2022 00:48 PM SNB's shareholders nod to 9% dividends for H2-21

Riyadh – Mubasher: The shareholders of Saudi National Bank (SNB) have agreed to distribute cash dividends, equivalent to 9% of the book value, for the second half (H2) of 2021. The cash dividend payout stands at SAR 0.90 per share, aggregating at …

Banking and Finance

3 April 2022 03:54 PM Yamama Cement inks SAR 1.66bn financing deal with SNB

Riyadh – Mubasher: Yamama Cement Company has signed a Sharia-compliant financing agreement worth SAR 1.66 billion with Saudi National Bank (SNB). The loan comprises a long-term financing that is valued at SAR 800 million and holds a 8-year …

Banking and Finance

14 March 2022 02:00 PM PIF-owned SRC signs SAR 1bn refinancing deal with SNB

Riyadh – Mubasher: Saudi Real Estate Refinance Company (SRC), owned by the Public Investment Fund (PIF), has inked a SAR 1 billion refinancing agreement with Saudi National Bank (SNB). The agreement aims to refinance a real estate portfolio and …

Macroeconomics

8 March 2022 06:06 PM Zahrat Al Waha inks SAR 60m credit facility deal with SNB

Riyadh – Mubasher: Zahrat Al Waha for Trading Company inked a Sharia-compliant financing facility and banking services agreement worth SAR 60 million with Saudi National Bank (SNB). Valid until 28 February 2023, the funding aims to provide letters …

Companies Investments

2 February 2022 10:42 AM SNB's profits jump 11% in 2021

Riyadh – Mubasher: The net profits of the Saudi National Bank (SNB) increased by 10.73% to SAR 12.67 billion in 2021, compared to SAR 11.44 billion in 2020. The bank's net income from special commissions, financing, and investments jumped …

Banking and Finance

27 January 2022 04:36 PM SNB's board proposes 9% dividend distribution for H2-21

Riyadh – Mubasher: The board of the Saudi National Bank (SNB) has recommended a cash dividend distribution, equivalent to 9% of the share par value, for the second half (H2) of 2021. The cash dividend payout stands at SAR 0.90 after Zakat …

Cash Dividends

11 January 2022 09:37 AM SNB plans to issue US dollar senior Sukuk

Riyadh – Mubasher: The Saudi National Bank (SNB) plans to issue US dollar-denominated senior unsecured Sukuk to achieve its financial and strategic objectives. To be eligible for local and international investors, this issuance is part of the …

Banking and Finance

9 January 2022 11:47 AM SNB completes merger with Samba Financial

Riyadh – Mubasher: Saudi National Bank has completed its merger with Samba Financial Group to establish the largest banking entity in Saudi Arabia with a capital of SAR 44.78 billion. SNB has finalised the merger's last phase within nine months …

Companies Investments

5 January 2022 00:34 PM Ataa Educational extends loan agreement with SNB

Riyadh – Mubasher: Ataa Educational Company has renewed its credit facilities agreement with Saudi National Bank at a total value of SAR 50 million. The company obtained the Sharia-compliant funding on 4 January 2022, for a duration of one year, …

Banking and Finance

14 December 2021 06:02 PM Abo Moati extends loan agreement with SNB

Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores has renewed a Sharia-compliant credit facilities agreement with the Saudi National Bank (SNB) at a total value of SAR 65 million. The loan duration is one year from the date of …

Banking and Finance

24 October 2021 00:17 PM SNB reports 20% increase in Q3 profits

Riyadh – Mubasher: The Saudi National Bank (SNB) registered a 19.8% annual growth in net profits to SAR 3.78 billion in the third quarter (Q3) of 2021 from SAR 3.15 billion. On a quarterly basis, the Q3-21 net profits were 78.7% higher than SAR …

Financial Results

9 August 2021 10:24 AM SNB to distribute SAR 0.65/shr dividend for H1-21

Riyadh – Mubasher: The Saudi National Bank (SNB) will pay SAR 0.65 per share as a cash dividend, representing 6.5% of the share’s par value, for the first half (H1) of 2021. The bank will pay a total amount of SAR 2.91 billion for 4.47 billion …

Cash Dividends

5 August 2021 04:15 PM SNB records SAR 5.5bn net profits in H1-21

Riyadh – Mubasher: The Saudi National Bank (SNB) achieved net profits after Zakat and Tax worth SAR 5.52 billion in the first half (H1) of 2021, higher by 12% than SAR 4.92 billion in H1-20. Earnings per share stood at SAR 1.41 in H1-21, compared …

Banking and Finance

29 July 2021 05:29 PM Alahli Takaful, SNB sign bancassurance agreement

Riyadh – Mubasher: Alahli Takaful Company has signed a bancassurance contract with the Saudi National Bank (SNB) as the bank will provide marketing and distribution services for the insurance company’s products. The agreement duration is five …

Companies Investments

11 July 2021 04:22 PM CMA approves merger of NCB Capital, Samba Capital

Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has approved the merger of NCB Capital Company (NCB Capital) and Samba Capital and Investment Management Company (Samba Capital). The Saudi National Bank (SNB) announced that the merger …

Companies Investments

16 June 2021 11:02 AM Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks

Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …

Sector Reports

1 June 2021 00:00 PM NCB Capital, Samba Capital merger expected to come into effect in Q3-21

Riyadh – Mubasher: The Saudi National Bank (SNB) expects the merger between NCB Capital Company (NCB Capital) and Samba Capital and Investment Management Company (Samba Capital) to take effect by the third quarter (Q3) of 2021. “Both NCB Capital …

Banking and Finance

31 May 2021 05:29 PM Saudi National Bank appoints Chairman, Vice Chairman

Riyadh – Mubasher: Saudi National Bank has appointed Ammar Abdulwahid Alkhudairy as the Chairman of the board for a three-year term as of 15 May 2021. The bank also appointed Yazeed Abdulrahman Alhumied as the Vice Chairman of the board of …

Board of Directors