Tuesday, 24 November 2009 | 00:23 UAE time
COMPANIES
Samba Financial Group - Saudi Arabia
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COMPANY DESCRIPTION
As Saudi Arabia’s second-largest bank by market value, Samba Financial Group is a banking heavyweight with a solid presence in Europe, the Middle East and South Asia. It holds 66 branches across the Kingdom, with branches in London, Dubai and Pakistan.The finance house has proved robust even in the credit crunch, posting a net income of $1.20bn in 2008 and buoying recent rallies on the Saudi stock market.
In the fourth quarter the lender also secured a licence to offer its financial services in India, paving the way to broaden Samba’s Asia operations. The bank has held a 68 percent stake in Pakistani lender Crescent Commercial since 2007, and has since renamed it Samba Bank.
Samba Financial Group was established in 1980 with the takeover of Citibank branches in Jeddah and Riyadh. The move followed a federal ruling that required foreign banks to sell 60 percent of their share capital to Saudi nationals.
KEY INFORMATION
Industry
Asset Management, Commercial Banks, Investment Banks, Investment Funds
Address
King Abdulaziz Road, 833, Riyadh, Saudi Arabia
T
966 1 4774770
F
966 1 4799657
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 12 February 1980 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Kingdom Holding Company | companies | 5 | Saudi Arabia |
| General Organization for Social Insurance - Saudi Arabia | companies | 11.4 | Saudi Arabia |
| Public Pension Agency | companies | 10.1 | Saudi Arabia |
| Public Investment Fund | companies | 22.9 | Saudi Arabia |
| Maan Abdulwahed Al Sanea | individuals | 7.1 | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Samba Bank | Pakistan |
| Rasmala Investments Holdings | UAE |
| Samba Fund Management | Saudi Arabia |
| Sambacapital | Saudi Arabia |
| Saudi Travellers Cheque Company | Saudi Arabia |
| Samba Dubai | UAE |
| Samba Financial Group - UK | UK |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mohammed Bin Saleh Al Goufayri | Board Member |
| Ahmad Bin Mohammed Al Omran | Board Member |
| Zaki Bin Abdulmohsen Al Moussa | Board Member |
| Issa Mohammed Al Issa | Board Member |
| Ibrahim Bin Omar Nazir | Board Member |
| Fahad Bin Mohammed Al Hussein | Board Member |
| Ali Hussein Ali Reza | Board Member |
| Moussa Bin Abdulkarim Bin Moussa Al Rubaian | Board Member |
| Mohamed Bin Abdullah Abu Nayyan | Board Member |
| MANAGEMENT | Position |
| Issa Mohammed Al Issa | Chief Executive Officer and Managing Director |
| Beji Tak Tak | Chief Risk Officer |
| Howard Handy | General Manager and Chief Economist |
| Hala Kudwa | Head of Operations and Technology |
| Ajay Makhija | Head of Consumer Banking |
| Shujaat Nadeem | Head of Treasury |
| Imad Al Shorayea | Head of Sales |
| SHARIA BOARD | Position |
| Abdullah Bin Suleiman Al Manea | Chairman |
| Abdullah Bin Mohamed Al Mutlaq | Member |
| Abdulsattar Abdulkarim Abu Ghuddah | Member |
| Mohammed Ali El Qari | Member |
| Nizam Muhammad Yaqubi | Member |
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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.
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