1040 On Other Exchanges
Symbol
Exchange
1040 is not on other exchanges.

saudi hollandi bank (1040) Snapshot

Open
--
Previous Close
--
Day High
--
Day Low
--
52 Week High
-- - --
52 Week Low
-- - --
Market Cap
--
Average Volume 10 Days
--
EPS TTM
--
Shares Outstanding
--
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SAUDI HOLLANDI BANK (1040)

Related News

No related news articles were found.

saudi hollandi bank (1040) Related Businessweek News

No Related Businessweek News Found

saudi hollandi bank (1040) Details

Saudi Hollandi Bank, together with its subsidiaries, provides banking and investment services in the Kingdom of Saudi Arabia. The company operates through Corporate Banking, Personal Banking, Treasury, and Investment Banking and Investment Services segments. The Corporate Banking segment accepts deposits; offers financing, including term loans, overdrafts, syndicated loans, and trade finance services; and provides Internet banking, global transaction, and centralized transfer services to corporate and institutional customers. The Personal Banking segment accepts deposits in various savings and deposit accounts; and provides retail banking products and services, such as consumer loans, overdrafts, and credit cards to individuals and small-to-medium-sized enterprises. The Treasury segment transacts in money market, foreign exchange, commission rate, and other derivative products for corporate and institutional customers. The Investment Banking and Investment Services segment engages in dealing, managing, arranging, advising, and maintaining custody services in relation to securities. The company also provides Islamic banking products; soft token, bill payment, standing order, bank drafts, and safe deposit box services; cash management; marine cargo, engineering, and fire insurance products; and Murabaha specific investment products. It operates through a network of 60 branches. Saudi Hollandi Bank was founded in 1926 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

2,544 Employees
Last Reported Date: 02/25/16
Founded in 1926

saudi hollandi bank (1040) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

saudi hollandi bank (1040) Key Developments

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

Saudi Hollandi Bank reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported that it made a profit of SAR 539.7 million compared to SAR 539.2 million a year ago. Overall operating income rose by 2.7% in the quarter. Total profit was SAR 948.46 million compared to SAR 923.4 million a year ago. Net profit was SAR 609.09 million compared to SAR 563.82 million a year ago. Net profit increased marginally due to an increase in total operating income by 2.7%, which was due to an increase in gains on sales of non trading investments in addition to an increase in net special commission income, that were offset by a decrease in trading income and net fee and commission income. For the six months, the company's net profit was SAR 1,051.25 million compared to SAR 1,078.13 million a year ago. Total profit was SAR 1,863.96 million compared to SAR 1,855.1 million a year ago. Net profit was SAR 1,205.62 million or SAR 0.92 per share compared to SAR 1,099.5 million or SAR 0.94 per share a year ago. Net profit decreased due to an increase in total operating expenses by 4.5%, which was due to an increase in general and admin expenses and an increase in impairment charge for available for sale investments. On the other hand, total operating income increased by 0.5%, the increase in net special commission income and in gains on sale of non trading investments were offset by a decrease in trading income and net fee and commission income.

Saudi Hollandi Bank Reports Earnings Results for the First Quarter Ended March 2016

Saudi Hollandi Bank reported earnings results for the first quarter ended March 2016. For the quarter, the company reported that its first quarter profit has dropped. The firm said that its first quarter profit has dropped 5.1%. It attributed the fall to a drop in trading and fee income. The company made a profit of SAR 511.5 million in the three months to the end of March, down from SAR 538.9 million reported in the corresponding quarter of 2015. Total operating income for the quarter fell 1.7% to SAR 915.5 million, while profit from special commissions grew to SAR 596.5 million.

Saudi Hollandi Bank Proposes Amendment of Bylaws

Saudi Hollandi Bank announced that an extra ordinary general meeting will be held on May 2, 2016, to approve the amendment to the bank's Bylaws after obtaining the approval of the concerned authorities to be in line with the regulatory entities requirements: approve the amendment to Article (9) of the bank's Bylaws concerning capital increase and shares; approve the amendment to Article (10) of the bank's Bylaws concerning capital increase and shares; approve the amendment to Article (11) of the bank's Bylaws concerning capital increase and shares; approve the amendment to Article (36) of the bank's Bylaws concerning the invitation to shareholders' general Assemblies; approve the amendment to Article (38) of the bank's Bylaws concerning the required quorum for ordinary general assemblies; approve the amendment to Article (39) of the bank's Bylaws concerning the required quorum for extraordinary general assemblies; approve the amendment to Article (40) of the bank's Bylaws concerning voting rights and voting calculation in ordinary and extraordinary general assemblies; approve the amendment to Article (41) of the bank's Bylaws concerning resolutions issuance in shareholders assemblies; approve the amendment to Article (48) of the bank's Bylaws concerning the company's accounts; approve the amendment to Article (49) of the bank's Bylaws concerning the distribution of annual net profits; and approve the amendment to Article (52) of the bank's Bylaws concerning the dissolution and winding up of the company.

 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

1040 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for 1040.
View Industry Companies
 

Industry Analysis

1040

Industry Average

Valuation 1040 Industry Range
Price/Earnings 5.9x
Price/Sales 3.7x
Price/Book 0.9x
Price/Cash Flow 5.9x
TEV/Sales 1.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact SAUDI HOLLANDI BANK, please visit www.shb.com.sa. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.