Sun 26 Sep 2010 07:52 AM
Sajjad Razvi
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Sajjad Razvi

Industry: Banking & Finance

Designation: Samba Financial Group may have posted a 3.3 percent decline in net profit in the first half of the year, but raking in $648m is still impressive for a bank that has, like many Saudi lenders, has felt the pinch of bad loans.

Country: Saudi Arabia

Occupation: Samba Financial Group may have posted a 3.3 percent decline in net profit in the first half of the year, but raking in $648m is still impressive for a bank that has, like many Saudi lenders, has felt the pinch of bad loans.

$207,703

Samba Financial Group

Saudi Arabia

Samba Financial Group may have posted a 3.3 percent decline in net profit in the first half of the year, but raking in $648m is still impressive for a bank that has, like many Saudi lenders, has felt the pinch of bad loans. Equally impressive is that Samba, Saudi's second biggest lender, wrung $207, 703 from each of its 3,120 employees, under the steer of managing director Sajjad Razvi, a significant sum in an industry that has been hit badly by the global downturn.

The Riyadh-based bank, which was established in 1980, has also caught the eye of the ratings agencies. Standard & Poor's raised its rating from A to A+ in May of this year, on the back of its squeaky-clean risk profile.