Samba Financial Group - Saudi Arabia

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Recent Articles

• Saudi lender obtains licence to enter India12 November 2008

  Samba Financial Group, the kingdom's second largest, wins approval to start Indian operations.

• Dubai real estate risks sharp correction - report7 September 2008

  Saudi bank says signs of overheating amid expansionary monetary conditions.

• Saudi bourse rises again as foreigners move in24 August 2008

  Shares in the kingdom continue upward trend after Saturday's impressive increase.

• Samba profit slump continues20 July 2008

  Saudi's second-biggest lender posts second straight quarterly profit decline in Q2, missing forecasts.

• Samba to lead Mideast's biggest mining IPO29 June 2008

  Saudi's Maaden appoints Samba subsidiary to oversee $2.47bn share sale.

• Standard Chartered, Samba out of Egypt bank bid25 June 2008

  Two lenders disqualified from bidding for stake in Banque du Caire, no reason given.

• Saudi Kayan pens $6bn loan deal31 May 2008

  Petrochemicals firm signs agreement with group of banks to part finance complex in Al-Jubail industrial zone.

• Samba profit drops on bourse woes15 April 2008

  Saudi's second-largest lender first local bank to post decline in net income in Q1, with 5.4% fall to $320mn.

• Gulf markets rebound12 March 2008

  Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

• Noor Financial eyes bid for Banque du Caire3 March 2008

  Commercial Bank of Kuwait interested in Egypt's third-largest state bank.

• Firms to shun dollar for project financing1 March 2008

  Gulf Arab companies looking toward other currencies such as euro or yen for loans, analysts say.

• Samba Financial to issue 1-for-2 bonus share offer6 February 2008

  Saudi's second largest lender to raise capital to $2.4bn and increase dividend payment.

• Subprime crisis to hit Gulf banks' earnings27 January 2008

  Regional banks who thought investments were safe discovering underlying assets subprime, bankers say.

• Samba Financial earnings squeezed21 January 2008

  Saudi's second largest bank misses forecasts with Q4 profit of $254.7mn, up 1.8% year-on-year.

• Samba misses a step as profit drops11 October 2007

  Saudi lender posts fourth consecutive decline in profit in Q3 on diminished brokerage activity.

• Samba deploys debt management system26 September 2007

  Saudi Arabia's Samba Financial Group implements Experian's Tallyman debt management and collection solution.

• Saudi Printing seeks $106m in IPO20 June 2007

  The Arab world's largest news publisher plans a 30% stake sale later this month.

• A day in the desert with Prince Alwaleed12 May 2007

  Over 573 meetings, 200 calls, and 100 texts... Arabian Business documents a normal day in the life of Saudi's $23bn businessman.

• Samba buys Pakistani bank30 April 2007

  Samba Financial Group has completed official procedures to purchase a 68% stake in the Crescent Commercial Bank of Pakistan (CresBank).

• Saudi economy could grow by 4%25 April 2007

  This year's growth could be higher than expected due to a possible rise in oil output.

• Saudi Samba Q1 profit falls on stock crash15 April 2007

  Samba Financial Group, second-largest Gulf Arab bank by market value, said first-quarter profit fell after a tumbling stock market slashed brokerage revenues.