The board of Saudi British Bank, an affiliate of HSBC Holdings, has recommended boosting the bank's capital by 50 per cent to SR15 billion ($4 billion) through an issue of bonus shares, it said on Wednesday.
One bonus share wo
Saudi British Bank (SABB) , 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.
Visa, one of the world's leading payment solutions providers, has partnered with the Saudi British Bank (SABB) to issue Visa debit cards to all new and existing SABB customers.
Under this agreement, SABB customers will be able
The Saudi British Bank (SABB) recorded a net profit of SR.08 billion ($288.2 million) million for the first quarter (Q1) of the year, as against SR948 million recorded for the same period in 2013, marking an increase of 14 per cent.
The Saudi British Bank (SABB) recorded a net profit of SR3.77 billion ($1.006 billion) in 2013, as against a profit of SR3.24 million in the previous year, marking an increase of 16.5 per cent.
SABB recorded a net profit of SR976
Saudi British Bank (SABB), an affiliate of HSBC Holdings, has completed a SR1.5 billion ($400 million) capital-boosting sukuk issue, it said on Wednesday.
The Islamic bond has a lifespan of seven years, with a clause allowing the
Saudi British Bank (SABB) has appointed Mohammed Al Dawood as the general manager of commercial banking across the kingdom.
Al Dawood started his career with SABB in 1996 as a participant in the highly-selectiv
The Saudi British Bank (SABB), an associated company of the HSBC Group, has recorded a net profit of SR1.95 billion ($520 million) for the first half, up 10.4 per cent compared to SR1.76 billion last year.
Announcing the results,
Saudi British Bank (SABB), an associated company of the HSBC Group, has registered a net profit of SR948 million ($252.7 million) for the first quarter, up 11 per cent compared to SR854 million last year.
The Saudi bank posted an
The Saudi British Bank (Sabb) has signed an agreement with King Abdullah Economic City (KAEC), to become the first bank to open a branch in the city.
The event was attended by Fahd Al-Rasheed, managing director and CEO of King Abd