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Tuesday, 24 November 2009 05:37 UAE time

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Saudi British Bank (SABB), Saudi Arabia

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Doubts persist after Saudi banks book more provisions

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

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NBK cuts fair value estimates on 4 Saudi banks

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

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Dollar’s fortunes

If the battered US economy weakens the dollar, will there be renewed calls for GCC states to depeg their currencies?

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Zain Saudi Arabia seals $2.5bn loan

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

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Troubled Algosaibi owes $9.2bn to banks - sources

Saudi family holding company reportedly owes money to more than 100 banks.

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SAMA struggles to spur credit amid crisis

Saudi moves to stave off bank lending crisis by rate cutting unlikely to be enough.

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SABB posts small increase in net profit Q1, 2009

Saudi British Bank sees net income rise just 1% in first three months of year.

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Kinan puts Jeddah project on hold

Affiliate of Saudi Arabia's Savola Group puts 2 billion riyals property project on hold.

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SABB chief to step down - sources

CEO John Coverdale to step down on Wednesday at Saudi affiliate of HSBC Bank, say sources.

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Three in four Saudi firms plan recruitment freeze

Survey of 765 companies shows 74% will stop hiring in first half 2009.

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SABB bank plans bonus share issue

SABB bank, HSBC's Saudi subsidiary, confirmed on Monday plans for a 1-for-4 bonus share issue.

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Saudi 'will be hit by oil price fall in 2009' - survey

Q4 poll of execs in kingdom finds only 14% do not expect global crisis to affect economy.

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SABB Q3 net profit 9% ahead at $189mn

HSBC-affiliated Saudi lender in line with forecasts, says no exposure to US sub-prime market.

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Inflation batters Saudi business confidence

SABB survey shows rising cost of doing business weighing on confidence.

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SABB Bank's profits soar by 25%

Kingdom's third-largest lender says Q2 profit up on higher income, despite seeing costs increase.

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