Company Insights Banque Saudi Fransi Banking & Finance Banque Saudi Fransi Overview Banque Saudi Fransi (BSF) is a corporate, private and retail bank established by royal decree in 1977. It has a banking network of more than 80 branches, 560 ATMs and 45,000 points of sale across Saudi Arabia. The bank’s head office is in Riyadh and the company has three regional head offices in Jeddah, Dammam and Abha. Banque Saudi Fransi provides investment services such as asset management and investment funds, in addition to providing brokerage services through its subsidiary BSF Capital. It is affiliated with France’s Crédit Agricole Corporate and Investment Bank. One of Banque Saudi Fransi’s objectives is to enable greater financial inclusion and digitisation across Saudi Arabia. In 2022 it partnered with Saudi Aramco-backed fintech firm Lamaa in a project to develop products and services to help supply chain management and cut costs for businesses. Banque Saudi Fransi News Construction Emaar EC reschedules loan with consortium of Saudi banks Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and […] April 29, 2025 Banking & Finance Al Rajhi Bank reports 34% rise in quarterly profit Al Rajhi Bank, the world’s largest Islamic bank by capital, has reported a 34 percent increase in net profit for the first quarter of 2025, to SAR5.9 billion ($1.5 billion). The Saudi bank’s total assets have risen by 22 percent to SAR1.02 trillion, marking the first time Al Rajhi has surpassed the trillion-riyal mark. Its […] April 23, 2025 Banking & Finance Lending income underpins record Q1 for Saudi banks Three of Saudi Arabia’s five biggest banks by assets have reported record first-quarter profits after generating more income from loans and on lower operating costs. Saudi National Bank, the kingdom’s largest lender, reported a 19 percent jump in profit in the three months to March 31 to SAR6 billion ($1.6 billion), compared with the same […] April 22, 2025 Markets Gulf issuers plan debt sales, undeterred by market turmoil Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by US President Donald Trump’s tariff policies. Markets have been volatile since Trump announced sweeping tariffs on April 2, even after he rolled most of them back, as investors struggle to […] April 22, 2025 Giga-projects Diriyah secures $1.6bn loan to back cultural destination Diriyah Company has secured a SAR6 billion ($1.6 billion) loan from Banque Saudi Fransi (BSF) to develop Wadi Safar, a 62 sq km cultural and tourism destination west of Riyadh. Wadi Safar is intended as an “exclusive residential development”, a statement read, “that will feature a selection of ultra-luxury hospitality, sports and leisure, and retail assets”. It […] March 13, 2025 Aviation Startup airline Riyadh Air secures $1.3bn credit facility Riyadh Air, the Saudi airline that is due to start operations next year, signed a SAR5 billion ($1.3 billion) credit facility with a syndicate of banks on Wednesday, as it announced an order for 60 more aircraft. The kingdom’s second flag carrier, owned by the PIF sovereign wealth fund, has closed an inaugural Islamic revolving […] October 31, 2024 Renewable Energy Saudi Arabia secures funds for 5.5GW solar projects The developers of solar power projects worth SAR12 billion ($3.2 billion) with a combined output of 5.5 gigawatts (GW) in Saudi Arabia have secured financing for their projects. Saudi-listed Acwa Power, Water and Electricity Holding Co (Badeel), a Public Investment Fund (PIF)-owned company, and Saudi Aramco Power Co (Sapco), a wholly-owned subsidiary of energy major […] September 30, 2024 Markets Emaar EC’s new strategy to steer financial recovery Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, has initiated a SAR8.7 billion ($2.3 billion) turnaround plan a month after its first-half 2024 losses showed an almost five-fold increase from 2023. A capital optimisation plan will allow the Saudi-listed company to restructure its SAR3.8 billion in bank facilities. […] September 9, 2024 Giga-projects Five Saudi banks to finance cultural development fund Five Saudi banks have agreed to provide financing for a new arts fund managed by Saudi Arabia’s Cultural Development Fund, which has been leading government support for the arts since 2021. The agreement with Al-Rajhi Bank, Alinma Bank, Banque Saudi Fransi, Arab National Bank and Bank Aljazira will provide support to private sector projects in […] August 22, 2024 Markets Arabian Mills to float 30% of its stake on Saudi bourse Arabian Mills for Food Products Company (Arabian Mills) will sell 15.4 million shares, or 30 percent of its share capital, on the Saudi stock exchange. The sale comprises existing shares by Abdulaziz Al-Ajlan Sons for Trading and Real Estate Investment Company (Ajlan & Bros), Sulaiman Abdulaziz Al-Rajhi International Company, and National Agricultural Development Company (NADEC). […] August 22, 2024 Posts navigation 1 2 3 Next
Construction Emaar EC reschedules loan with consortium of Saudi banks Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and […] April 29, 2025
Banking & Finance Al Rajhi Bank reports 34% rise in quarterly profit Al Rajhi Bank, the world’s largest Islamic bank by capital, has reported a 34 percent increase in net profit for the first quarter of 2025, to SAR5.9 billion ($1.5 billion). The Saudi bank’s total assets have risen by 22 percent to SAR1.02 trillion, marking the first time Al Rajhi has surpassed the trillion-riyal mark. Its […] April 23, 2025
Banking & Finance Lending income underpins record Q1 for Saudi banks Three of Saudi Arabia’s five biggest banks by assets have reported record first-quarter profits after generating more income from loans and on lower operating costs. Saudi National Bank, the kingdom’s largest lender, reported a 19 percent jump in profit in the three months to March 31 to SAR6 billion ($1.6 billion), compared with the same […] April 22, 2025
Markets Gulf issuers plan debt sales, undeterred by market turmoil Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by US President Donald Trump’s tariff policies. Markets have been volatile since Trump announced sweeping tariffs on April 2, even after he rolled most of them back, as investors struggle to […] April 22, 2025
Giga-projects Diriyah secures $1.6bn loan to back cultural destination Diriyah Company has secured a SAR6 billion ($1.6 billion) loan from Banque Saudi Fransi (BSF) to develop Wadi Safar, a 62 sq km cultural and tourism destination west of Riyadh. Wadi Safar is intended as an “exclusive residential development”, a statement read, “that will feature a selection of ultra-luxury hospitality, sports and leisure, and retail assets”. It […] March 13, 2025
Aviation Startup airline Riyadh Air secures $1.3bn credit facility Riyadh Air, the Saudi airline that is due to start operations next year, signed a SAR5 billion ($1.3 billion) credit facility with a syndicate of banks on Wednesday, as it announced an order for 60 more aircraft. The kingdom’s second flag carrier, owned by the PIF sovereign wealth fund, has closed an inaugural Islamic revolving […] October 31, 2024
Renewable Energy Saudi Arabia secures funds for 5.5GW solar projects The developers of solar power projects worth SAR12 billion ($3.2 billion) with a combined output of 5.5 gigawatts (GW) in Saudi Arabia have secured financing for their projects. Saudi-listed Acwa Power, Water and Electricity Holding Co (Badeel), a Public Investment Fund (PIF)-owned company, and Saudi Aramco Power Co (Sapco), a wholly-owned subsidiary of energy major […] September 30, 2024
Markets Emaar EC’s new strategy to steer financial recovery Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC) in Saudi Arabia, has initiated a SAR8.7 billion ($2.3 billion) turnaround plan a month after its first-half 2024 losses showed an almost five-fold increase from 2023. A capital optimisation plan will allow the Saudi-listed company to restructure its SAR3.8 billion in bank facilities. […] September 9, 2024
Giga-projects Five Saudi banks to finance cultural development fund Five Saudi banks have agreed to provide financing for a new arts fund managed by Saudi Arabia’s Cultural Development Fund, which has been leading government support for the arts since 2021. The agreement with Al-Rajhi Bank, Alinma Bank, Banque Saudi Fransi, Arab National Bank and Bank Aljazira will provide support to private sector projects in […] August 22, 2024
Markets Arabian Mills to float 30% of its stake on Saudi bourse Arabian Mills for Food Products Company (Arabian Mills) will sell 15.4 million shares, or 30 percent of its share capital, on the Saudi stock exchange. The sale comprises existing shares by Abdulaziz Al-Ajlan Sons for Trading and Real Estate Investment Company (Ajlan & Bros), Sulaiman Abdulaziz Al-Rajhi International Company, and National Agricultural Development Company (NADEC). […] August 22, 2024
