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saudi investment bank/the (1030) Snapshot

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saudi investment bank/the (1030) Details

The Saudi Investment Bank provides wholesale, retail, and commercial banking products in the Kingdom of Saudi Arabia. It arranges financing of quasi-government and private industrial sectors; and offers trade finance products for facilitating imports and increasing Saudi exports, as well as a range of Sharia compliant products and services, including accounts, murabaha investments, and personal finance solutions. The company operates through Retail Banking, Corporate Banking, Treasury, and Asset Management and Brokerage segments. The Retail Banking segment provides loans, deposits, and other credit products for individuals and small to medium-sized businesses. The Corporate Banking segment offers loans, deposits, and other credit products for corporate and institutional customers. The Treasury segment provides money market, investment, and other treasury services. The Asset Management and Brokerage segment is involved in dealing, managing, advising, and custody of securities services. The company operates 48 branches. The Saudi Investment Bank was founded in 1976 and is headquartered in Riyadh, Saudi Arabia.

Founded in 1976

saudi investment bank/the (1030) Top Compensated Officers

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saudi investment bank/the (1030) Key Developments

The Saudi Investment Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

The Saudi Investment Bank reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net profit was SAR 321.4 million against SAR 210 million for the same period prior year. Total profit operation income\investments was SAR 612.2 million against SAR 590.7 million for the same period prior year. Net profit special commission income\investments was SAR 420.7 million against SAR 412.8 million for the same period prior year. Net income decreased due to the decrease in total operating income by 4.4% resulting from the decrease in net special commission income, and gains on investments. This was partially offset by an increase in exchange income. On the other hand total operating expenses increased by 8.5% due to the increase in impairment charge for credit losses and rent and premises related expenses. For the six months, net profit was SAR 531.4 million against SAR 749.3 million for the same period prior year. Total profit operation income\investments was SAR 1,202.9 million against SAR 1,292.7 million for the same period prior year. Net profit special commission income\investments was SAR 833.5 million against SAR 861.5 million for the same period prior year. Earnings per share was SAR 0.76 against SAR 1.07 for the same period prior year. Net income decreased due to the increase in total operating expenses by 19.6% resulting from the increase in impairment charges for both credit losses and investments, and rent and premises related expenses. This was partially offset by a decrease in salaries and employee related expenses. On the other hand total operating income decreased by 7% resulting from the decrease in net special commission income, fee income from banking services, and gains on investments. This was partially offset by an increase in exchange income. Earnings per share for the first six months of 2015 was SAR 1.07, which was recalculated to reflect the increase in the banks capital from 650 million shares to 700 million shares.

The Saudi Investment Bank, Special/Extraordinary Shareholders Meeting, Apr 04, 2016

The Saudi Investment Bank, Special/Extraordinary Shareholders Meeting, Apr 04, 2016, at 17:00 Coordinated Universal Time. Location: Head office, Almaater street Riyadh Saudi Arabia

The Saudi Investment Bank Appoints Abdallah Saleh Bin Jumah as Chairman

The Saudi Investment Bank has appointed Abdallah Saleh Bin Jumah as Chairman. Effective from February 14, 2016 until the end of the board term that ends on February 13, 2019.

 

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Valuation 1030 Industry Range
Price/Earnings 6.8x
Price/Sales 3.8x
Price/Book 0.6x
Price/Cash Flow 6.8x
TEV/Sales NM Not Meaningful
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