Friday 18 April 2014
 
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Samba

Samba Q1 profit rises 7pc as costs drop

Samba Financial Group, Saudi Arabia's third-largest bank by market value, posted a 7.1 percent rise in first-quarter net profit on Tuesday, beating analyst forecasts as operating expenses fell. The bank said it made a profit o

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Samba Q4 profit up 15.8pc to $269m

Samba Financial Group, Saudi Arabia's second-largest listed bank by assets, said its fourth-quarter net profit rose 15.8 percent year-on-year, coming in slightly below analysts' expectations. The bank said in a bourse fili

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Samba posts flat Q3 net profit

Samba Financial Group, Saudi Arabia's second-largest listed bank, posted a flat third-quarter net profit on Tuesday, coming in slightly below the average forecast of analysts.   The bank said in a bourse fili

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Saudi banks' Q2 net profit near-flat

A number of leading banks in Saudi Arabia including Al Rajhi Bank and Samba have registered a slight slight increase in their second-quarter net profit this year amid a challenging economy. Al Rajhi Bank, Saudi Arabia's larges

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Samba posts Q1 profit flat, beats estimate

  Samba 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

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Samba Q4 net profit drops 7.8pc

  Samba 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.  

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Samba, Riyadh bank post strong Q3 profits

Saudi'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

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Four major Saudi banks post sturdy Q2 profits

Four 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

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KHC inks $186m re-financing deal

Kingdom 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

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Saudi index in biggest drop in 7 weeks

Saudi 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

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