DUBAI May 7 Saudi British Bank (SABB) is planning to sell a riyal-denominated sukuk that will boost its capital reserves, sources aware of the matter told Reuters on Thursday, with an announcement set to be made as early as next week.
DUBAI May 28 Saudi British Bank (SABB) has completed a private placement of 10-year, 1.5 billion riyal ($400 million) subordinated Tier 2 sukuk callable in five years, it said in a bourse statement on Thursday.
The board of Saudi British Bank, an affiliate of HSBC Holdings, has recommended boosting the bank's capital by 50 percent to 15 billion riyals ($4 billion) through an issue of bonus shares, it said on Wednesday.
JEDDAH: Saudi British Bank (SABB) has posted a 0.6 percent drop in fourth-quarter net profit. The bank, an affiliate of HSBC Holdings, made a profit of SR969.4 million ($258.3 million) in the three months to Dec. 31, according to a bourse statement.
Saudi British Bank, the Kingdom's fifth-largest listed lender by assets, posted a 25.2 per cent rise in third-quarter net profit on Thursday, in line with analysts' forecasts as operating income increased.
SABB is the latest Saudi bank to boost its capital through the sale of debt instruments; while the kingdom's lenders are well capitalised compared to their Western peers, a sustained period of high loan growth has put downward pressure on their capital ...
DUBAI, Aug 26 (Reuters) - Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its capital base, two banking sources aware of the matter said on Monday.
SABB managing director David Dew told Reuters in an Oct. 1 interview the bank was finalising a three-year strategic plan based on an assumption that government spending will continue to grow and that Saudi bank lending levels to the private sector are ...