COMPANIES
Banque Saudi Fransi
- 40.00 Last
- -0.20 (-0.50%) Today's Change
- 12,997 Volume
- 0.00-0.00 52 Week Range
- 40.00 (0.00%) 52 Week Change
COMPANY DESCRIPTION
Established in 1977, Banque Saudi Fransi is affiliated with Calyon, the corporate and investment banking arm of France’s Crédit Agricole group.Calyon holds a 31.1 percent stake in the Saudi bank, which said in February that it has more than halved an earlier plan to raise its capital by nearly 60 percent, citing the economic downturn and falling interbank lending rates. The bank now plans to raise its capital by 28.5 percent to SAR7.20bn ($1.92bn).
“Shareholders decided to wait until market conditions become more adequate. The bank has the means to achieve organic growth and get to a capital of SAR9bn ($2.40bn) without resorting to shareholders,” chief financial officer Philippe Touchard told newswire Reuters.
Banque Saudi Fransi’s net profit fell by 11 percent on the year in the fourth quarter, while full year profit rose 3.5 percent. The bank made $109m in provisions for the year, out of which $70.7m was in the fourth quarter alone, following a drop in the value of investment.
KEY INFORMATION
Industry
Commercial Banks
Address
Ma'ather Road, 56006, Riyadh, Saudi Arabia
T
966 1 2899999
F
966 1 4042311
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 4 June 1977 | 2266-In 2007 |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| General Organization for Social Insurance | Saudi Arabia |
| Groupe Crédit Agricole | France |
| Public Pension Agency | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Ibrahim A. Al Touq | Chairman |
| Jean Marion | Board Member |
| Edouard Esparbes | Board Member |
| Abdulaziz Al Rashid | Board Member |
| Ibrahim Al Issa | Board Member |
| Khalid Al Mutabagani | Board Member |
| Mousa Omran Al Omran | Board Member |
| Abdulrahman Jawa | Board Member |
| Jean Frederic de Leusse | Board Member |
| Abdulaziz H. Al Habdan | Board Member |
| MANAGEMENT | Position |
| Jean Marion | Managing Director |
| Abdulrahman Jawa | Deputy Managing Director |
| Philippe Touchard | Chief Financial Officer |
| Youssef Laban | Chief Operations Officer |
| Mohamad M. Abdulhadi | Head of Corporate Banking Group |
| Naim Al Hussaini | Head of Retail Banking Group |
| Waleed Fatani | Head of Treasury |
| Eric Louis | Manager - Investment Services Division |
| Ahmad Jawdat | Manager - Private Financial Services |
| Omar Jazzar | Manager - Private Banking |
| Francois Rivier | Chief Credit Officer |
| Abdul Qadeer Mirza | Manager - Accounting & Financial Control Division |
| Ahmed Al Kassim | Manager - Information Technology Division |
| Khalil Al Nami | Manager - Services Management Division |
| Abdulaziz Omar Osman | Chief Compliance Officer |
| Amr Al Taher | Manager - Corporate Human Resources |
| Saadoun Al Saadoun | Manager - Corporate Operations Division |
| Francois D. Delagrange | Manager - Inspector General & Audit Division |
| Mazen Tamimi | Manager - Western Region |
| Osama Bakhit | Manager - Central Region |
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