Wednesday 1 July 2015
 
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SABB

SABB offers ATM service for Amex card holders

The Saudi British Bank (SABB) launched a new service whereby American Express card holders can make cash withdrawals from SABB’s automated teller machines (ATMs). The new service offers a great degree of convenience, and com

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Saudi central bank's net foreign assets down 1.7pc

The net foreign assets at Saudi Arabia's central bank fell to SR2.546 trillion ($678.8 billion) in April, down by $11.8 billion or 1.7 per cent from the previous month as the kingdom drew on its reserves to cover a budget deficit caused by l

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SABB named ‘Employer of the Year’ in private sector

The Saudi British Bank (SABB) was named ‘Employer of the Year’ in the private sector at the Annual Mena HR Excellence Awards ceremony held in Dubai, UAE recently. The announcement of SABB’s recognition came as pa

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SABB appoints new chief operating officer

The Saudi British Bank (SABB) has appointed Saad Abdulaziz Alkhalb as its chief operating officer, effective May 1. Alkhalb has returned to SABB following a two-year secondment to HSBC, where he served as the chief operating offic

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Saudi British Bank plans capital-boosting sukuk sale

Saudi British Bank (SABB) is planning to sell a riyal-denominated sukuk that will boost its capital reserves, sources aware of the matter told Reuters on Thursday, with an announcement set to be made as early as next week. The iss

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SABB named ‘Best Trade Finance Bank’ in Saudi

The Saudi British Bank (SABB) has been named as the ‘Best Trade Finance Bank’ in Saudi Arabia for this year by the Global Finance magazine. The recognition from the magazine comes after an assessment of transaction vol

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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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Saudi non-oil growth slows in November

Growth of Saudi Arabia’s non-oil private sector economy was sustained during November, but at a slower pace as output, while new orders and employment all increased at weaker rates, a report said. After accounting for season

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SABB Q2 profit up 15pc, beats estimates

Saudi British Bank (SABB), the kingdom's fifth-largest listed lender by assets, posted a 15.2 per cent increase in its second-quarter net profit, it said in a bourse statement on Wednesday, beating analyst forecasts. The bank,

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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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