Formerly Known As
Saudi American Bank until October 2003
Principal Activities
Provides conventional and Islamic commercial banking services including deposits, loans and credit cards.
Date of Establishment Year
1980 (February)
No of Employees
3,135 (N/A Company, 3,135 Group, N/A Headquarters) (As of Oct 24, 2011)
Important/Recent Developments
Operations started in July 1980.
|
Acquistion
Status
Complete
Acquirer
Target
Announcement Date
19 Sep 2009
Closing Date
19 Sep 2009
|
Samba Financial Group (Samba) provides conventional and Islamic commercial banking services including asset management, investment banking and brokerage services, and real estate investment directly and through subsidiaries. The Group’s subsidiary, Samba Capital and Investment Management CompanySamba Capital and Investment Management Company provides conventional and Islamic fund, wealth and portfolio management, corporate finance and investment advisory, and brokerage services. The Group also owns the real estate property investment company, Samba Real Estate. Samba’s net profits decreased by 2.74% to SAR4.44 billion (USD1.18 billion), similarly, its total revenues decreased by 9.92% to SAR7.56 billion (USD2.02 billion), in 2010.
Auditors
| PricewaterhouseCoopers Saudi Arabia |
Ernst and Young Riyadh |
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Total revenues  |
8,391,521
|
7,558,693
|
(9.92) |
Net profit  |
4,560,176
|
4,435,123
|
(2.74) |
| Total assets |
185,518,269
|
187,415,840
|
1.02 |
| Paid-up capital |
9,000,000
|
9,000,000
|
0.00 |
| Shareholders' Equity |
22,310,078
|
25,429,682
|
13.98 |
| Shares outstanding |
900,000
|
900,000
|
0.00 |
| Market capitalization |
45,450,000
|
55,125,000
|
21.29 |
|