Monday 22 September 2014
 
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Saudi Investment Bank

Baker & McKenzie advises SAIB on debut sukuk

Baker & McKenzie acted as advisors for The Saudi Investment Bank (SAIB) on their subordinated sukuk issuance of SR2 billion ($533.2 million). This was the first sukuk issuance undertaken by The Saudi Investment Bank.

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Saudi bank rolls out first wearable banking app

The Saudi Investment Bank (SAIB) has created one-of-a-kind app allowing customers to locate the nearest branch and ATM using their Google Glass. The announcement comes right after the public release of Google Glass and in the wake

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Saudi bank rolls out first wearable banking app

The Saudi Investment Bank (SAIB) has created one-of-a-kind app allowing customers to locate the nearest branch and ATM using their Google Glass. The announcement comes right after the public release of Google Glass and in the wake

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NCB Capital cuts Saudi banks

Saudi banks with significant exposure to the corporate sector may see their net interest margins shrink as competition increases, NCB Capital said, downgrading Saudi Investment Bank and Arab National Bank to "neutral" from "overweight."  

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Saudi Investment Bank hikes capital

Saudi Investment Bank said on Sunday it plans to increase its capital by 22 percent to 5.5 billion riyals ($1.5 billion) by issuing one free share for each 4.5 shares. 'This will involve the transfer of 1 billion riyals from the leftov

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SAIB back in black with $64m Q4 net

Saudi Investment Bank (SAIB) made a net profit of SR238 million ($63.5 million) in the fourth quarter after posting a loss a year earlier, the latest upbeat bank earnings in the biggest Arab economy. Profit from special commissions or lend

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Saudi Investment Bank Q2 net falls 88pc

Saudi Investment Bank (SAIB) said on Monday its second-quarter net profit dropped by 88 per cent due to provisions, sending its shares lower in early trading. The bank made SR22 million ($5.87 million) in the three months to end-June,

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Stable outlook for Saudi Investment Bank

Standard & Poor's Ratings Services said that it has revised its outlook on Saudi-based the Saudi Investment Bank (SAIB) to stable from negative. 'At the same time, we affirm our 'A-/A-2' long- and short-term counterpart

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SAIB books highest 2009 provisions in Q4

Saudi Investment Bank (SAIB) booked SR434.6 million ($115.9 million) in provisions for loan losses in the fourth quarter, the highest in 2009, official data showed. The fourth-quarter provisions brought to SR554.6 million the amount of cas

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SAIB Q3 net profit triples

Saudi Investment Bank (SAIB), which received two rating downgrades in June, said its net profit more than tripled during the third quarter despite a drop in net operating income. The lender said it made SR203 million ($54 million) in the t

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