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Sunday, 05 July 2009 | 06:49 UAE time

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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
As of 4 Jul 2009 12:20 GMT (Market Closed)

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

www.alfransi.com.sa

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 4 June 1977 2266-In 2007

MAJOR SHAREHOLDERS

NameCountry
General Organization for Social Insurance Saudi Arabia
Groupe Crédit Agricole France
Public Pension Agency Saudi Arabia

OFFICERS

BOARD OF DIRECTORSPosition
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
MANAGEMENTPosition
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
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.