Virgin Mobile develops Saudi banking app
The strategic partnership, endorsed by the Saudi Arabian Central Bank, will enable the telecom provider’s customers to use financial services on their phones
Arab News - 11-Jan-2021
In partnership with
The Saudi Investment Bank (1030.SE)
Also known as: SAIB
Saudi-Egyptian Investment Fund to be activated soon
The establishment of the fund is part of the Egyptian government's efforts to boost economic development through direct foreign investment
Arab News - 11-Dec-2020Egypt, Saudi Arabia discuss activation of joint investment fund
Final version of the executive agreement has been reached to activate the fund
Daily News Egypt - 10-Dec-2020Saudi SAIB partners with Trend Micro to secure its digital estate
Having moved from traditional infrastructure to modern, virtualized architecture, SAIB needed to shift its focus from a legacy model of focusing on external threats to a multi-facetted approach
Saudi Gazette - 30-Nov-2020Saudi Arabia's SAIB extends retention period of treasury shares
The aforementioned treasury shares will be held by the bank until 31 December 2021
Mubasher - 30-Nov-2020Saudi property firm Amlak plans first post-coronavirus Riyadh IPO
Amlak said the final offer price would be announced on June 30 after a book-building process starting on June 22
Reuters News - 14-Jun-2020Drops in Saibor and oil prices could squeeze Saudi bank profits further
Banking stocks have declined 35% since January
ZAWYA - 31-Mar-2020Saudi SIRC unveils new integrated waste management plan in EP Municipality
The National Waste Management Center and the Saudi Investment Recycling Company will build state-of-the-art recycling facilities
Saudi Gazette - 22-Jan-2020SAIB appoints Salman Al Fughom as Deputy CEO
The appointment is effective as of the January 5, 2020
Mubasher - 05-Jan-2020Amlak IPO approved in Saudi Arabia
The approval covers a 30% listing of the company and is valid for six months
Arab News - 27-Dec-2019Fitch affirms the Saudi Investment Bank at 'BBB+'; outlook stable
It has also affirmed the bank's Viability Rating (VR) and Support Rating Floor (SRF) at 'bbb-' and 'BBB+', respectively.
Reuters News - 24-Jul-2019Riyadh unveils integrated waste management, recycling plan
The first initiative within the framework agreement will be the recycling of construction and demolition waste into building materials
TradeArabia - 14-Jul-2019Riyadh unveils new waste management and recycling plan
MoU signed to start integrated waste management and waste recycling activities in Riyadh
Saudi Gazette - 14-Jul-2019Mideast Stocks: Factors to watch on May 29
Here are some factors that may affect Middle East stock markets on Wednesday
Reuters News - 29-May-2019Mideast Stocks: Factors to watch on May 5
Qatar hits 3 month high, financials weigh on Abu Dhabi
Reuters News - 05-May-2019Saudi Investment Bank, SAP announce digital deal
Bank is doing major investment on the SAP Hybris platform powered by the SAP Hana in-memory platform
TradeArabia - 13-Mar-2019Mideast Stocks: Financials weigh on Qatar, most major Gulf markets gain
Emirates NBD at its highest in six-months
Reuters News - 06-Feb-2019Mideast Stocks: Banks lift Saudi index; major Gulf markets mixed
Saudi Arabian stocks rose in early trading on Monday, bolstered by bank shares, while major Gulf markets moved sideways.
Reuters News - 04-Feb-2019Monday outlook: Asian shares rise after U.S. government reopens
Asian shares rose on Monday as Trump confirmed he and lawmakers agreed to advance a three-week stop-gap spending plan to reopen the government. Most markets in the Middle East added gains on Sunday. More commentary on oil prices, currencies and precious metals
ZAWYA - 28-Jan-2019JPMorgan subsidiary to sell Saudi Investment Bank stake for $203mln
JPMorgan did not disclose the size of the stake or the financial terms of the deal.
Reuters News - 24-Jun-2018Going Public: Saudi firms among world's largest publicly traded companies in Forbes list
Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day
ZAWYA - 10-Jun-2018Monthly review: Bank mergers boost mixed Q1 earnings
Abu Dhabi witnessed positive momentum, the catalyst being the completion of the merger of National Bank of Abu Dhabi with First Gulf Bank.
ZAWYA - 08-May-2017Saudi's Alawwal, SABB surge on initial merger talks, Egypt joins EM higher
Two Saudi banks soared on Wednesday after saying they were in initial stages of a merger.
Reuters News - 26-Apr-2017Gulf falls with oil but UAE's Union Properties, TAQA jump
Profit-taking and weak first-quarter earnings weighed on Gulf stock markets on Thurs.
Reuters News - 20-Apr-2017MIDEAST STOCKS-Petchems, banks weigh on Saudi; Qatar's GIS slumps on weak Q1
Petrochemical shares were the main drag on Saudi Arabia's stock market in early trade on Thursday after oil prices fell sharply overnight
Reuters News - 20-Apr-2017MIDEAST STOCKS - Factors to watch - April 20
Here are some factors that may affect Middle East stock markets on Thursday.
Reuters News - 20-Apr-2017Cement companies hold back Saudi index, Dubai's Arabtec shines
Construction-related shares under performed Riyadh's stock market.
Reuters News - 19-Apr-2017MIDEAST STOCKS - Factors to watch - April 18
Here are some factors that may affect Middle East stock markets on Tuesday.
Reuters News - 18-Apr-2017Two Saudi telcos surge, Abu Dhabi's Eshraq rebounds on tie-up with fund
Abu Dhabi real estate firm Eshraq was helped by a plan to tie up with state fund Mubadala.
Reuters News - 17-Apr-2017Troubled Saudi Oger sells 2.8% stake in Saudi Investment Bank
Financially troubled construction company Saudi Oger sold a 2.8% stake in Saudi Investment Bank, bringing its stake in the bank down to 5.8% in the course of a single trading day
Reuters News - 17-Apr-2017Nashar named Saudi Arabia's first female commercial bank CEO
Rania Nashar was named chief executive of Samba Financial Group on Monday, becoming the first female CEO of a listed Saudi commercial bank
Reuters News - 20-Feb-2017Saudi Investment Bank closes 500 million riyals sukuk
The subordinated Islamic bond, or sukuk, was sold privately, it said.
Reuters News - 22-Nov-2016Heavyweight team to explore business opportunities
In conjunction with the official visit of Custodian of the Two Holy Mosques King Salman to the United States, the US-Saudi Investment Forum is scheduled to be held at the Ritz Carlton Hotel in Washington on Friday.The forum organized by the Council of Saudi Chambers (CSC), in coordination with the US Saudi Business Council and the Saudi Arabian General Investment Authority, is expected to bring
Arab News - 03-Sep-2015Company information provided by Refinitiv
Refinitiv 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).
Peers
| Stocks | Last Price | % Change |
|---|---|---|
| Alawwal Bank | - | - |
| SABB | 24.040 SAR | -0.99 |
| SAMBA FIN GROUP | 34.800 SAR | -2.38 |
| RIYAD BANK | 20.400 SAR | -1.64 |
| BANQUE SA FRANSI | 28.200 SAR | -1.05 |
| ARAB BANK | 19.400 SAR | -2.02 |
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