Strong capital base gives Saudi SABB buffer against pandemic shock
The 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 2020ID | Stock Type | Currency | Exchange | Symbol |
---|---|---|---|---|
1040.SSE | Ordinary | SAR | Saudi SE | 1040 |
The 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 2020Saudi Aramco's proposed floatation of 2% of its shares could boost Middle East IPO activity in 2020
ZAWYA - 17 Oct 2019Progress 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 2019This is a decrease of SAR 954 million or 33.3 % compared to SAR 2,867 million for the same period in 2018
Press Release - 03 Nov 2019M&A to drop 25% and IPOs to drop more than 20% in value
Press Release - 15 Oct 2019The course runs for one week
WAM (Emirates News Agency) - Sunday 28 February 2021To mitigate the effects of COVID-19, FAB's GAM was held in a hybrid format with both physical and virtual attendance options available to shareholders
Press Release - Sunday 28 February 2021LPC cited a banker as saying it was possible Aramco would try to push down pricing
Reuters News - Sunday 28 February 2021The agreement will allow the acceptance of UPI cards across the entire ALEXBANK's merchant network
Press Release - Sunday 28 February 2021March 3 session will cover loan guarantees, long-term financing, and other opportunities for companies in Oman
Press Release - Sunday 28 February 2021The world's biggest and best-known cryptocurrency has risen as much as 70% since the start of the year
Reuters News - 9 hours agoThe prices have been increased in line with the rise in global oil prices
Khaleej Times - 9 hours agoBoard recommends payout after firm posted 173% rise in net profit for 2020
ZAWYA - 15 hours agoFirm reports 32.5% decline in normalised net profit for 2020
ZAWYA - 15 hours agoPortfolio from Abu Dhabi Finance consists of residential, commercial mortgages
ZAWYA - 16 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 | 22.340 SAR | 5.38 |
SAUDI INV BANK | 15.580 SAR | -0.76 |
AL JAZIRA BANK | 13.420 SAR | -0.30 |
SAMBA FIN GROUP | 33.600 SAR | -0.44 |
ARAB BANK | 19.660 SAR | 1.55 |
RIYAD BANK | 19.980 SAR | 0.91 |
Oil drops on dollar strength and OPEC+ supply expectations
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