The bank said that as a result of the merger completion on Sunday, the NatWest Markets unit would recognise an income gain on the disposal of the Alawwal bank stake for shares in Saudi British Bank
of GBP400 million and a reduction in risk weighted assets of GBP4.7 billion.
The post SRC agrees deal with Saudi British Bank
to buy residential real estate finance portfolios appeared first on Middle East Construction News .
Saudi British Bank
had requested to increase its capital to 20 billion Saudi riyals (Dh19.59 billion) from the earlier 15 billion riyals by issuing 554 million shares.
Banks named in the study include Qatar National Bank, National Commercial Bank, National Bank of Abu Dhabi, Emirates NBD, Al Rajhi Banking Corporation, National Bank of Kuwait, Kuwait Finance House, Samba Financial Group, First Gulf Bank, Riyad Bank, Abu Dhabi Commercial Bank, Banque Saudi Fransi, Saudi British Bank
, Arab National Bank and Dubai Islamic Bank.
Prior to that, he gained over 16 years of banking and investment experience in the Kingdom with the Saudi British Bank
and HSBC Saudi Arabia.
In terms of Facebook ranking, Qatar National Bank leads the list with over 2,080,833 likes and is followed by Saudi British Bank
and Emirates NBD, the report said.
The facility, now worth SAR 2.175bn and also backed by Banque Saudi Fransi and Saudi British Bank
, has also had its maturity extended by one year to 2019.
Saudi British Bank
(SABB), the kingdom's sixth-largest bank by assets, posted a 0.6% drop in fourth-quarter net profit yesterday,
Riyadh, Jumada II 9, 1435, Apr 9, 2014, SPA -- Saudi British Bank
achieved net profits amounting to SR 1,080 million in the first quarter of the year, 2014, up 14 % for the same period of the last year.
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.
British banking group HSBC Holdings (LON:HSBA) on Monday said it would combine its Saudi Arabia wholesale and investment banking unit, HSBC Saudi Arabia, with SABB Securities Limited (SASL), the brokerage and custody business of Saudi British Bank
(SAU:1060), or SABB.