SABB


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AcronymDefinition
SABBSelf Aligning Bottom Bracket
SABBSanta Ana Business Bank (Santa Ana, CA)
SABBStorage Array Building Block
SABBSaudi Arabian British Bank (Saudi Arabia)
SABBSolar Array Blanket Box(es)
SABBSwiss Army Brass Band
References in periodicals archive ?
SABB's Fitch Core Capital ratio of 19.3% at end-June 2018 was one of the highest in the Saudi banking sector.
In a statement, the rating agency stated that the affirmation of SABB's ratings reflects Moody's view that this merger upon completion will create the third largest bank in Saudi Arabia with approximately SAR 268 billion in total assets) and provide some increased diversification and lending opportunities in a slow economic environment as well as create medium-term potential for revenue and cost synergies.
The agreement was signed at a ceremony held at Spazio, Kingdom Tower, by Mr Naif Alabdulkareem, SABB General Manager Retail Banking and Dr Nejib Ben Khedher, Senior Vice President, Emirates Skywards, in the presence ofMr.
The post Saudi Arabia's SABB joins global blockchain consortium appeared first on TahawulTech.com.
SABB is 40 per cent owned by HSBC Holdings and Alawwal is 40 per cent owned by RBS Holdings NV, a consortium that includes Royal Bank of Scotland (RBS), which has been trying to reduce its stake for some time.
"TAQADAM came out in a unique format as the one and only university accelerator program that is knowledge-based and focused on the quality of the ideas and projects rather than the quantity," said Omar Batayyah, head of marketing and research at SABB. "SABB is dedicated to fund innovative ideas by young Saudi entrepreneurs before bringing them to the market." It aims to contribute to the economic development of the Kingdom as well as create jobs for young and talented Saudis.
Majed Najm is the General Manager, Retail Banking and Wealth Management of the Saudi British Bank (SABB) assuming full responsibility for the entire personal financial services business.
DUBAI/HONG KONG: HSBC Holdings PLC, Europe's biggest bank, will merge its Saudi Arabian wholesale and investment banking business with Saudi British Bank's SABB Securities, it said Monday.
The deal will give SABB 51% in the merged entity that will operate as HSBC Saudi Arabia Ltd, while HSBC will have 49%, but will keep full management control, the British bank said in a statement.
SABB would own 51 per cent of the new entity, to be known as HSBC Saudi Arabia, but HSBC would retain full management control, HSBC said in a statement posted on the Hong Kong stock exchange.
Saudi Arabia-based Al-Rajhi Bank and SABB Bank have posted better results.
SABB, 40 percent owned by HSBC Holdings Plc , made profit of SR 26 million in the fourth quarter of the previous year, it said in a stock exchange statement.