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saudi british bank (1060) Details

The Saudi British Bank provides banking and financial services in the Kingdom of Saudi Arabia. The company operates through Retail Banking, Corporate Banking, Treasury, and Others segments. The company’s personal banking services include current and savings, and commodity investment accounts; personal and home financing, and financing against investments; credit and debit cards; wealth management solutions, such as asset management, brokerage, securities, investment banking advisory, debt capital markets, project and export finance, and equity research services, as well as takaful services; payments and money transfer services; safe deposit lockers; and online, mobile, and phone banking services. Its business banking services comprise business deposit accounts, credit facilities, and business credit cards; liquidity and cash management services, including collection and payment management services, and point of sale services; trade and supply chain services, including export, trade finance, receivables finance, and guarantees; investment banking services; and foreign exchange, interest rate derivatives, deposits and loans, bonds, structured products, precious metals hedging, and economic research and market analysis. The company also acts as an insurance agent; and purchases, sells, and leases land and real estate properties. It operates through a network of 84 branches in the Kingdom of Saudi Arabia. The Saudi British Bank was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

3,221 Employees
Last Reported Date: 10/30/17
Founded in 1978

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saudi british bank
Saudi British Bank Reports Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2017

Saudi British Bank reported earnings results for the third quarter and nine months ended Sept. 30, 2017. For the quarter, the company reported net profit of SAR 1,083 million against SAR 995 million for the same period a year ago. Total profit operation income\ investments was SAR 1,764 million against SAR 1,687 million for the same period a year ago. Net profit special commission income\ investments was SAR 1,258 million against SAR 1,222 million for the same period a year ago. The increase in net profit was primarily driven by higher operating income which increased by 4.6% mainly due to higher net special commission income, gain on non-trading investments and dividend income, in addition to lower provision for credit losses. For the nine months, the company reported net profit of SAR 3,248 million against SAR 3,288 million for the same period a year ago. Total profit operation income\ investments was SAR 5,389 million against SAR 5,244 million for the same period a year ago. Net profit special commission income\ investments was SAR 3,793 million against SAR 3,521 million for the same period a year ago. The decrease in net profit was primarily driven by higher operating expenses which increased by 9.4% mainly due to increase in provision for credit losses and impairment of other financial assets. This increase in operating expenses has been partially offset by an increase in total operating income of 2.8% due to a higher net special commission income, offset by a decrease in fee and commission income and exchange income.

The Saudi British Bank Presents at Kingdom Credit Management & Collections 2017, Oct-23-2017

The Saudi British Bank Presents at Kingdom Credit Management & Collections 2017, Oct-23-2017 . Venue: Riyadh, Saudi Arabia. Speakers: Nael Tashkandi, Regional Head of Credit ­ Wholesale Credit and Market Risk.

The Saudi British Bank, Annual General Meeting, Sep 27, 2017

The Saudi British Bank, Annual General Meeting, Sep 27, 2017, at 15:30 Coordinated Universal Time. Agenda: To consider the dealings and contracts which will be implemented between SABB and HSBC Asia Holdings BV and certain other wholly-owned subsidiaries of HSBC Holdings plc, each in their corporate capacity (HSBC), where the following members of the Board of Directors have an indirect interest: Mr. David Dew, Mr. Samir Assaf, Mr. Nigel Hinshelwood and Mr. Georges Elhedery, as a result of being representatives of the foreign partner.

 

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Valuation 1060 Industry Range
Price/Earnings 10.5x
Price/Sales 6.9x
Price/Book 1.2x
Price/Cash Flow 10.5x
TEV/Sales 1.7x
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