The Capital Market Authority said Saudi British Bank, an affiliate of HSBC Holdings, could issue one bonus share for every two shares held, increasing the number of the bank's outstanding shares to 1.5 billion from 1 billion.
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.
The board of Saudi British Bank, an affiliate of HSBC Holdings, has recommended boosting the bank's capital by 50 per cent to SAR15 billion ($4 billion) through an issue of bonus shares, it said on Wednesday.
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.
Saudi British Bank (SABB) has announced the launch of Visa Direct, a new remittance service, which is a cross border fund transfer service that allows SABB Savings and Current account holders to transfer funds from their banking account to an overseas ...
SABB provides unrivalled global connectivity through its association with HSBC Group, and a range of sophisticated and customized conventional and Shariah-compliant trade finance solutions to meet growing trade and supply chain needs of its clients.
The USD 3bn Saudi Riyal Murabaha tranche participants are Alinma Bank, Riyad Bank, and The National Commercial Bank as book runners and mandated lead arrangers; Banque Saudi Fransi, SAMBA Financial Group and The Saudi British Bank (SABB) as ...