Banque Saudi Fransi

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Recent Articles

• Doubts persist after Saudi banks book more provisions24 October 2009

  UPDATE 2: Banks have yet to disclose exposure to troubled local groups Saad and AHAB.

• Banque Saudi Fransi Q3 profit down 1.9%10 October 2009

  UPDATE 2: Fall due to decline in management fee and trading ops income exceeding increase in deposits.

• EFG-Hermes sees value in Middle East banks7 October 2009

  UAE banking sector has seen sharp asset price deflation, but is in better shape than feared. 

• NBK cuts fair value estimates on 4 Saudi banks23 September 2009

  Downgrade in response to fears of weakening asset quality in banking sector.

• Zain Saudi Arabia seals $2.5bn loan11 August 2009

  Facility to be used to repay existing Murabaha, as well as fund network expansion and future growth.

• Zain Saudi telco nears $2.5bn loan agreement27 July 2009

  Al-Rajhi Bank and Banque Saudi Fransi confirmed leading refinancing facility.

• Saudi banks up Q2 loan loss provisions22 July 2009

  Banque Saudi Fransi and Samba moves come amid concerns about some debt-laden Saudi firms.

• Banque Saudi Fransi's Q2 profit falls on provisions14 July 2009

  Affiliate of France's Caylon does not confirm if exposed to Saad and Algosaibi groups.

• Saudi Electricity seeks bidders for Riyadh project11 July 2009

  Power plant project is expected to start first phase of operation by 2012.

• Saudi investor accepts watchdog's fine27 June 2009

  Mohammed bin Ibrahim bin Mohammed al-Issa still denies original insider trading charge.

• Kuwait's Zain renewing $2.5bn Islamic loan - banker16 June 2009

  Deal includes a 6-month extension option at the mobile operator's request.

• Saudi stocks fall, dragged lower by SABIC16 May 2009

  UPDATE 1: SABIC's stocks decline 4%, Banque Saudi Fansi shed 0.5%.

• Banque Fransi in $720mn steel financing deal2 May 2009

  Financing to be used by Al Rajhi Group to expand Saudi steel operations.

• Banque Saudi Fransi scales back capital raising1 February 2009

  A banking industry slowdown sees Banque Saudi Fransi scale back its capital raising.

• Banque Saudi Fransi ups syndicated loan22 September 2008

  Calyon's Saudi affiliate raises loan amount to $525mn from $300mn on 3- and 5-year repayment terms.