Sunday 28 December 2014
 
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Saudi British Bank

Saudi British Bank eyes $4bn capital boost

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

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Saudi British Bank Q3 net profit rises 25.2pc

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. The bank

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Visa signs agreement with Saudi British Bank

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

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SABB profit rises 14pc to $288m in Q1

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.

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SABB profit surges 16.5pc to top $1bn

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

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Saudi SABB prices $400m sukuk issue

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

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SABB appoints new GM

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

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SABB profit surges 10pc in H1

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,

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SABB net profit surges 11pc in Q1

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

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Saudi British Bank to open KAEC branch

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

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