Thursday 11 February 2016
 
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SABB

SABB Q4 profit down 3.1pc, misses forecasts

Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 3.1 per cent drop in fourth-quarter net profit on Monday, missing analyst forecasts as expenses rose. The bank, an affiliate of HSBC Holdings, mad

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Sabb wins Euromoney ‘Best Cash Management Provider’ Award

Sabb, one of the leading financial services providers in Saudi Arabia, has been recognised by Euromoney as "The Best Cash Management Provider in Saudi Arabia for 2015" for the eighth consecutive year.  

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Saudi British Bank Q3 net profit rises 7.7pc

Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7 per cent rise in third-quarter net profit on Thursday, in line with analyst forecasts. The bank, an affiliate of HSBC Holdings, made a net pro

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SABB named 'best consumer internet bank' in Saudi

The Saudi British Bank (SABB) has been named the best consumer internet bank and the best corporate/institutional internet bank in Saudi Arabia this year by the Global Finance magazine recently.   SABB won the tw

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SABB proposes $0.11 per share H1 cash dividend

The board of Saudi British Bank (SABB), an affiliate of HSBC Holdings, has recommended a cash dividend of SR0.40 ($0.11) per share for the first half of the year, the bank said in a bourse filing on Thursday. It is the first time

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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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