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Saudi British Bank Q1 net profit up 2.4 pct, ahead of estimates
Saudi banks have been contending with weaker credit growth as a result of lower oil prices and weaker government spending, which has fed through to lower net interest income.
Saudi British Bank sells 1.5 bln riyal capital-boosting sukuk
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.
Saudi British Bank Q3 net profit rises 7.7 pct
DUBAI Oct 8 Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7 percent rise in third-quarter net profit on Thursday, in line with analyst forecasts.
Saudi banks still strong despite oil slump: Saudi British Bank, MD, David Dew
Oil prices fell to a more than six-year low near $42 a barrel last month, and the International Monetary Fund forecasts the Saudi government will run a budget deficit this year of around 19.5 percent of gross domestic product. Last year's deficit was 3 ...
Saudi banks said to still be strong despite oil slump  The National
Saudi bank SABB proposes 0.35 riyals/share dividend for H2 2015
DUBAI Dec 27 The board of Saudi British Bank (SABB) has proposed paying a cash dividend of 0.35 riyals ($0.09) per share for the second half of 2015, the country's fifth-largest lender by assets said on Sunday.
Saudi British Bank first quarter net profit up 2.4 percent
Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 2.4 percent rise in its first-quarter net profit on Tuesday, beating analyst forecasts.
SABB first quarter profit increases to SR1.142 billion
RIYADH - The Saudi British Bank (SABB) recorded a net profit of SR1,142 million for the quarter ended March 31, 2016.
FTSE 100 skids as sentiment sours after Carl Icahn dumps Apple stake on China woes
The investment bank also points to recent reports which suggest the European Union competition regulators may veto CK Hutchinson's �10.3bn deal to buy O2 UK. Polo Tang, of UBS, said: “On this basis, there may be less scope for Sky to be aggressive ...
Saudi lenders biggest winners in Vision 2030's outlook
This month, the ratings agency Standard & Poor's lowered its long-term counterparty credit ratings on Al Rajhi Bank, National Commercial Bank, Riyad Bank, Samba Financial Group and Saudi British Bank, five of the nation's biggest, because of the ...
Gulf Arab countries acting rightly to tackle oil slump: IMF  Shanghai Daily (subscription)
Fitch Downgrades 7 Saudi Arabian Banks; Revises Outlook of 4 Others to Negative
The affected banks are Al Rajhi Bank (ARB), National Commercial Bank (NCB), Riyad Bank (RB), SAMBA Financial Group (SAMBA), Saudi British Bank (SABB), Banque Saudi Fransi (BSF) and Arab National Bank (ANB). At the same time Fitch has revised ...