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Samba posts Q1 profit flat, beats estimateSamba Financial Group , Saudi Arabia's second-largest listed bank, posted a marginal rise in its first quarter net profit on Wednesday, but the results still beat analysts' forecasts. Sa More… |
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Samba Q4 net profit drops 7.8pcSamba Financial Group, Saudi Arabia's second-largest listed bank, posted a 7.8 percent fall in fourth quarter net profit, missing analyst expectations as its income from special commissions declined. More… |
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Samba, Riyadh bank post strong Q3 profitsSaudi's Riyadh Bank beat analysts' expectations after it posted a 30 per cent rise in its third quarter net profits, while Samba Financial Group posted a 2.9 per cent rise, in line with expectations, bourse statements said on Saturday. Riy More… |
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Four major Saudi banks post sturdy Q2 profitsFour major Saudi banks reported quarterly profits that met or beat analysts estimates on Monday, in a sign the kingdom's lenders have begun to rebound from a punishing bout of a bad loan provisioning. Al-Rajh More… |
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KHC inks $186m re-financing dealKingdom Holding Company (KHC), the investment firm of Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has announced the SR700 million ($186.6 million) re-financing of Kingdom Centre. KHC holds a 36 per cent stake in the company. The More… |
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Saudi index in biggest drop in 7 weeksSaudi Arabia's index made its largest decline in seven weeks and further losses were forecast as the kingdom's bourse tracked stuttering world markets and oil. Saudi Basic Industries Corp (Sabic) fell 1.7 percent, slipping to a three-week More… |
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Saudi’s real GDP to reach 4pc this year: SambaSaudi Arabia's economy will grow by 4 per cent this year as oil production increases, while inflation in the biggest Arab economy will stabilise at an annual average of 5 per cent, Samba Financial Group said on Saturday. Saudi Arabia is cu More… |
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S&P raises ratings of 2 Saudi banksStandard & Poor’s (S&P), a top financial research and ratings agency, has raised its ratings of two Saudi Arabia-based financial institutions based on their financial profile and stable outlook. Al Rajhi Bank Al Rajhi Bank' More… |
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Samba, SABB add loan loss provisionsSamba Financial Group and SABB, two of Saudi Arabia's biggest lenders, booked additional provisions against loan losses during the first-quarter after a surge in bad loans last year. Data from the Saudi stock exchange showed that Samba boo More… |
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Saudi stock index hits new 17-month highSaudi Arabia's stock index hit a new 17-month high as investors continued buying ahead of possible greater foreign involvement on the bourse. The index rose 0.2 per cent to 6,599 points to its highest level since mid-October 2008. Samba Fi More… |
