Company Insights Saudi National Bank Banking & Finance Saudi National Bank News Energy Saudi National Bank’s $230m fund to energise oil sector SNB Capital, the investment arm of Saudi National Bank, has launched a $230 million oil and gas fund to offer investors exposure to top-tier energy companies. The Shariah-compliant fund launched by a Dubai-based unit of SNB Capital will invest indirectly in Repsol E&P, a joint venture between Spain energy giant Repsol and US-headquartered investment company EIG. Repsol […] February 29, 2024 Banking & Finance Two of Saudi’s largest listed banks mull $2.7bn dividend Two of the largest listed banks in Saudi Arabia have declared a combined dividend of SAR10 billion ($2.7 billion) for the second half of 2023. The board of Saudi National Bank (SNB), the kingdom’s largest bank by assets, has recommended a dividend of nine percent or SAR5.4 billion for the second half of 2023. Overall, the […] February 26, 2024 Opinion Markets Shaping the fate of the Gulf’s capital markets Economic diversification provides a shot in the arm but conflict is concerning February 23, 2024 Opinion Banking & Finance Rothschild move confirms the new allure of Riyadh Rothschild will be one of the few foreign banks to set up so far in KAFD February 19, 2024 Leisure & Hospitality Cenomi Centers gets $1.4bn to support growth plans Cenomi Centers, Saudi Arabia’s largest shopping mall operator, has secured sustainability-linked financings worth SAR5.3 billion ($1.4 billion) from a consortium of regional banks. HSBC Saudi Arabia led the syndication, with participation from Saudi National Bank, Saudi Awwal Bank, Arab National Bank, Commercial Bank of Dubai, Mashreq Bank, and Qatar National Bank. The new facilities consist […] February 14, 2024 Markets Emirates NBD tops Gulf dividend yield rankings Emirates NBD, Dubai’s largest bank, has so far topped the Gulf list of dividend yield pay-outs awarded to shareholders in 2023, Refinitiv data shows. The government-controlled lender, whose shares are up 27 percent in the past 12 months, provides a dividend yield of 6.9 percent based on its closing stock price of February 8. The […] February 9, 2024 Banking & Finance Saudi National Bank profit rises 8% to $5.3bn in 2023 Saudi National Bank (SNB), the biggest lender by assets in the kingdom, said net profit rose eight percent year on year to SAR20.01 billion ($5.34 billion) in 2023. Total operating income increased 4.8 percent year on year, mainly due to a 2.7 percent rise in net special commission income and a 5.1 percent growth in […] February 5, 2024 Banking & Finance Saudi’s top 10 banks post 3.8% rise in profits Saudi Arabia’s 10 largest listed banks saw net income rise 3.8 percent to SAR18 billion ($4.8 billion) in the third quarter of 2023, driven by higher loan growth and interest income. In light of the Saudi Arabian Interbank Offered Rate (Saibor) increasing by 13 basis points in the third quarter, aggregate total interest income increased by […] November 27, 2023 Media & Advertising Saudi media company MBC Group to float 10% in IPO Saudi media major MBC Group plans to launch an initial public offering (IPO) on the Saudi Exchange (Tadawul). The announcement comes after the Capital Market Authority (CMA) approved the company’s plan to offer 33.25 million ordinary shares, representing 10 percent of its share capital. The offering price will be determined at the end of the […] November 22, 2023 Finance Saudi National Bank profit up 6% on higher income Saudi National Bank (SNB) reported a six percent year on year rise in net profit for the third quarter of 2023, driven by higher operating income and lower impairment charges. The kingdom’s biggest lender by assets made a net profit of SAR5.01 billion ($1.34 billion) in the third quarter. Total operating income improved by three […] October 24, 2023 Posts navigation Previous 1 … 3 4 5 … 8 Next
Energy Saudi National Bank’s $230m fund to energise oil sector SNB Capital, the investment arm of Saudi National Bank, has launched a $230 million oil and gas fund to offer investors exposure to top-tier energy companies. The Shariah-compliant fund launched by a Dubai-based unit of SNB Capital will invest indirectly in Repsol E&P, a joint venture between Spain energy giant Repsol and US-headquartered investment company EIG. Repsol […] February 29, 2024
Banking & Finance Two of Saudi’s largest listed banks mull $2.7bn dividend Two of the largest listed banks in Saudi Arabia have declared a combined dividend of SAR10 billion ($2.7 billion) for the second half of 2023. The board of Saudi National Bank (SNB), the kingdom’s largest bank by assets, has recommended a dividend of nine percent or SAR5.4 billion for the second half of 2023. Overall, the […] February 26, 2024
Opinion Markets Shaping the fate of the Gulf’s capital markets Economic diversification provides a shot in the arm but conflict is concerning February 23, 2024
Opinion Banking & Finance Rothschild move confirms the new allure of Riyadh Rothschild will be one of the few foreign banks to set up so far in KAFD February 19, 2024
Leisure & Hospitality Cenomi Centers gets $1.4bn to support growth plans Cenomi Centers, Saudi Arabia’s largest shopping mall operator, has secured sustainability-linked financings worth SAR5.3 billion ($1.4 billion) from a consortium of regional banks. HSBC Saudi Arabia led the syndication, with participation from Saudi National Bank, Saudi Awwal Bank, Arab National Bank, Commercial Bank of Dubai, Mashreq Bank, and Qatar National Bank. The new facilities consist […] February 14, 2024
Markets Emirates NBD tops Gulf dividend yield rankings Emirates NBD, Dubai’s largest bank, has so far topped the Gulf list of dividend yield pay-outs awarded to shareholders in 2023, Refinitiv data shows. The government-controlled lender, whose shares are up 27 percent in the past 12 months, provides a dividend yield of 6.9 percent based on its closing stock price of February 8. The […] February 9, 2024
Banking & Finance Saudi National Bank profit rises 8% to $5.3bn in 2023 Saudi National Bank (SNB), the biggest lender by assets in the kingdom, said net profit rose eight percent year on year to SAR20.01 billion ($5.34 billion) in 2023. Total operating income increased 4.8 percent year on year, mainly due to a 2.7 percent rise in net special commission income and a 5.1 percent growth in […] February 5, 2024
Banking & Finance Saudi’s top 10 banks post 3.8% rise in profits Saudi Arabia’s 10 largest listed banks saw net income rise 3.8 percent to SAR18 billion ($4.8 billion) in the third quarter of 2023, driven by higher loan growth and interest income. In light of the Saudi Arabian Interbank Offered Rate (Saibor) increasing by 13 basis points in the third quarter, aggregate total interest income increased by […] November 27, 2023
Media & Advertising Saudi media company MBC Group to float 10% in IPO Saudi media major MBC Group plans to launch an initial public offering (IPO) on the Saudi Exchange (Tadawul). The announcement comes after the Capital Market Authority (CMA) approved the company’s plan to offer 33.25 million ordinary shares, representing 10 percent of its share capital. The offering price will be determined at the end of the […] November 22, 2023
Finance Saudi National Bank profit up 6% on higher income Saudi National Bank (SNB) reported a six percent year on year rise in net profit for the third quarter of 2023, driven by higher operating income and lower impairment charges. The kingdom’s biggest lender by assets made a net profit of SAR5.01 billion ($1.34 billion) in the third quarter. Total operating income improved by three […] October 24, 2023
