Alawwal Bank, SABB merger targeted to complete on March 14
Alawwal Bank’s accounts and services will be transferred to the two banks’ enhanced, single banking proposition
Mubasher - 08 Mar 2021ID | Stock Type | Currency | Exchange | Symbol |
---|---|---|---|---|
1040.SSE | Ordinary | SAR | Saudi SE | 1040 |
Alawwal Bank’s accounts and services will be transferred to the two banks’ enhanced, single banking proposition
Mubasher - 08 Mar 2021The bank ended the quarter strongly capitalized, with a core equity tier 1 ratio in excess of 18% and abundant liquidity that can be deployed for lending
Arab News - 27 Aug 2020SABB remains the trade provider of choice in Saudi Arabia as evidenced by market share
Arab News - 03 Jun 2020SABB recorded a net profit of $239.6mln after zakat and income tax for the three months ended Dec. 31, 2019
Arab News - 05 Mar 2020SABB’s financial results for 2019 include the financial results of Alawwal Bank from the merger date onwards
TradeArabia - 27 Feb 2020This service is fast, easy and with few requirements for transferring, just by using the beneficiary's mobile number or any other preferred information
Press Release - 01 Apr 2021This is the 5th successive year that SABB has picked up these coveted awards, widely acknowledging SABB as the pre-eminent trade finance bank in the Kingdom
Press Release - 17 Mar 2021Progress is moving towards developing "Aljawhara" as a distinctive project to be the most prestigious neighborhood in the city of Riyadh, as it will include one of the largest parks in the Kingdom of Saudi Arabia.
Press Release - 14 Sep 2020The key speakers at the Roadshow this year were Mr. Stephen King - HSBC Senior Economist Advisor, Mr. David Bloom - HSBC Global Head of FX Strategy, and Mr. Simon Williams - HSBC Chief Economist, CEEMEA.
Press Release - 14 Nov 2019The bank will provide SAR 650,000 to fund Alnahda's 'Khazna' project, a series of workshops for low income Saudi women to learn essential money management skills.
Press Release - 06 Nov 2019The fourth-largest U.S. lender cut its allowance for credit losses by $1.6bln
Reuters News - Wednesday 14 April 2021Proposed Regulations deal with requirements concerning intellectual property infringement complaints to the DIFC Commissioner of Intellectual Property
WAM (Emirates News Agency) - Wednesday 14 April 2021Minister signals pause may be short-lived
Reuters News - Wednesday 14 April 2021The bank acquired 51.5% stake as a settlement for dues with NMC
ZAWYA - Wednesday 14 April 2021Erdogan defended FX sales overseen by former finance minister
Reuters News - Wednesday 14 April 2021Entire board, including the chairman, resigned in early April
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Reuters News - 3 hours agoRefinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).
Stocks | Last Price | % Change |
---|---|---|
ASSIR TRADING | 23.540 SAR | 0.00 |
SAUDI INV BANK | 17.040 SAR | 0.00 |
AL JAZIRA BANK | 16.540 SAR | 0.00 |
Samba Financial Group | - | - |
ARAB BANK | 21.120 SAR | 0.00 |
RIYAD BANK | 24.800 SAR | 0.00 |
Gold prices rise; oil holding near one-month highs
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