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Samba to provide housing units to Saudi familiesSamba Financial Group, a leading financial institution in Saudi Arabia, plans to provide 500 housing units, all fully furnished, for disadvantaged individuals and families in the kingdom, said a report. This will be completed and More… |
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Samba Q1 net profit up 3pcSamba Financial Group, Saudi Arabia's third-largest bank by assets, posted a 3.1 per cent rise in its first-quarter net profit, according to a bourse statement on Monday, ahead of analyst forecasts. The bank said it made SR1.2 More… |
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Saudi Samba posts $305m Q1 net profitSaudi's Samba Financial Group has posted first-quarter net profit of SR1.145 billion ($305.32 million), it said on Saturday, nearly matching analysts forecasts. The kingdom's second largest listed lender by market value said t More… |
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Saudi stocks close high on banks, petchemsThe Saudi index ended 0.24 per cent higher boosted by gains in the banking and petrochemical stocks. The all-share benchmark closed at 6,628.30 as the banking index edged up 0.74 per cent. Samba Financial Group and shares of heavyweight Sa More… |
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Gulf Drilling closes $430m credit facilityGulf Drilling International (GDI), a leading drilling service provider, has closed a new QR 1.57 billion ($430 million) credit facility with a syndicate of three banks. The mandated lead arrangers of the credit facility are Qatar National More… |
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Samba bank's Q3 net down 8.8pcSamba Financial Group, Saudi Arabia's second-largest lender by market value, posted a 8.8 per cent drop in third-quarter net profit after a decline in lending income. The bank made SR1.1 billion ($294.1 million) in the three months to More… |
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Top Saudi bank books more bad loan provisionsSaudi Arabia's second-biggest lender Samba Financial Group added more provisions for loan loss during the second quarter, although these fell 41 per cent year-on-year, bourse data showed on Saturday. The much-smaller Saudi Investment B More… |
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Samba Financial appoints key officialsSamba Financial Group, Saudi Arabia's second-largest lender by market value, has named a new chairman and a new managing director to replace him. Managing director Eisa al-Eisa was promoted as Samba's new chairman while Sajjad Razv More… |
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Shareholder sells Samba stakeA shareholder in troubled Ahmad Hamad Algosaibi and Brothers Company (Ahab) has sold a 2.2 per cent stake in Samba Financial Group, reports said. Samba, the kingdom's second largest lender by market value, said on Sunday that Saud Algo More… |
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Samba Q4 net profit falls 13.5pcSamba Financial Group, Saudi Arabia's second largest lender by market value, said its net profit fell 13.5 per cent in the fourth quarter, in line with analysts' forecasts. Samba made SR826 million ($220.3 million) in the three months to D More… |
