Friday 3 July 2015
 
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Saudi bank

SABB 2014 profit up 13pc to $1.13bn

The Saudi British Bank (SABB) has reported a net profit of SR4.266 billion ($1.136 billion) for the year ended December 31, 2014, an increase of SR492 million or 13 per cent compared to SR3.774 billion ($1 billion) for the same period previous y

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Banque Saudi Fransi ups H1 dividend

Banque Saudi Fransi's board has proposed a cash dividend of 0.45 riyals ($0.12) per share for the first half of 2014, the Credit Agricole affiliate said. The proposed figure, announced in a Riyadh stock exchange filing, is abo

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Gemalto deploys key solution at Al Rajhi

Gemalto, a global leader in digital security, said it has completed the main phase of the Dexxis instant issuance deployment program for on-the-spot EMV card delivery at leading Saudi bank Al Rajhi. With this, Gemalto said Al Rajhi branche

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Top Saudi bank launches RMB proposition

Saudi British Bank (SABB), an affiliate of HSBC Group, has launched a comprehensive Renminbi (RMB) proposition for its corporate customers, thus paving way for them to open RMB accounts at selected branches in the Kingdom. This propos

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Saudi Fransi sells key Syria, Lebanon stakes

Banque Saudi Fransi plans to sell its 27 per cent stake in Bemo Saudi Fransi Syria and its 10 percent share in Bemo Lebanon, the bank said in a bourse statement on Saturday. The bank's chairman, Saleh al-Omair, said the financial risks

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SSS Process installs key solution for Saudi bank

SSS Process, a leading company specialized in providing e-government services and software solutions, said it has completed the development of project management office (PMO) for Saudi-based Al Rajhi Bank. Based on Microsoft’s latest techn

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SABB posts 90.6pc rise in Q2 net profit

The Saudi British Bank (SABB) posted a 90.6 per cent rise in its second quarter net profit, beating analysts' forecasts, the bank said in a bourse statement on Tuesday. SABB, an affiliate of the HSBC Group, attributed th

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Saudi Samba Financial net falls 7.1pc

Samba Financial Group, Saudi Arabia's second-largest lender by market value, on Wednesday posted a 7.1 per cent fall in its first-quarter net profit, roughly in-line with analyst expectations. Samba made a net profit of 1.12 billion ri

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Riyad Bank Q1 net rises 8.3pc

Riyad Bank, a leading Saudi bank, said on Saturday its first quarter net profit rose 8.3 per cent on the back of improved income from banking services and other operations. The bank made a net profit of SR741 million ($197.6 million)

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SABB bank Q4 net profit surges to $106m

Saudi bank SABB  posted a surge in its fourth-quarter net profit to 397 million riyals ($106 million) on Sunday, beating analyst forecasts. SABB, 40 percent owned by HSBC Holdings, made profit of 26 million riyals in the fourth quarte

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